SANDRIDGE ENERGY, INC. (NYSE:SD) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.
On July27, 2017, SandRidge Energy, Inc. (the “Company”) appointed Michael A. Johnson, age 52, as Senior Vice President and Chief Accounting Officer, effective August15, 2017.
Prior to joining SandRidge, Mr.Johnson served as Senior Vice President – Accounting, Controller and Chief Accounting Officer at Chesapeake Energy Corporation from 2000 until May10, 2017 and served as its Vice President of Accounting and Financial Reporting from 1998 to 2000 and as Assistant Controller from 1993 to 1998. From 1991 to 1993, Mr.Johnson served as Project Manager of Phibro Energy Production, Inc. From 1987 to 1991, he served as an Audit Manager of Arthur Andersen& Co. Mr.Johnson is a Certified Public Accountant and graduated from the University of Texas at Austin in 1987.
The Company and Mr.Johnson anticipate entering into an employment agreement substantially in the form of the Form of Employment Agreement for Executive Vice Presidents and Senior Vice Presidents, which is filed as Exhibit 10.3.4 to the Company’s Quarterly Report on Form 10-Q for the quarter ended September30, 2015. to the agreement, Mr.Johnson will receive a minimum base salary, incentive compensation and benefits as well as a right to certain severance benefits payable upon the occurrence of specified events, such as termination of his employment without cause or termination or resignation for good reason following a change in control of the Company.
