Tellurian Inc. (NASDAQ:TELL) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
On March 7, 2017, Don Alan Turkleson was appointed to the Board of Directors (the “Board”) of Tellurian Inc. (the “Corporation”). No family relationships exist between Mr. Turkleson and any of the Corporation’s directors and executive officers. To the Corporation’s knowledge, there are no arrangements between Mr. Turkleson and any other person to which he was nominated as a director, nor are there any transactions to which the Corporation is or was a participant and in which Mr. Turkleson has a material interest subject to disclosure under Item 404(a) of Regulation S-K.
The Board has appointed Mr. Turkleson to serve as Chair of the audit committee of the Board (the “Audit Committee”), replacing Martin Houston, who served as a member of the Audit Committee to a temporary exemption provided by applicable NASDAQ rules. Mr. Turkleson will serve as the Corporation’s audit committee financial expert.
Mr. Turkleson is expected to participate in the Corporation’s standard director compensation programs when they are determined, and to enter into its standard form of director indemnification agreement.
About Tellurian Inc. (NASDAQ:TELL)
Tellurian Inc., formerly Magellan Petroleum Corporation, is an oil and gas exploration and production company. The Company focuses on the development of liquefied natural gas (LNG) projects along the United States Gulf Coast through its subsidiary, Tellurian Investments Inc. The Company owns interests in the Horse Hill-1 well and related licenses in the Weald Basin, onshore the United Kingdom, and an exploration block, NT/P82, in the Bonaparte Basin, offshore Northern Territory, Australia. The Horse Hill-1 well has identified prospects from the Portland sandstone and Kimmeridge Clay limestone formations. Tellurian Inc. (NASDAQ:TELL) Recent Trading Information
Tellurian Inc. (NASDAQ:TELL) closed its last trading session down -1.46 at 13.99 with 1,193,544 shares trading hands.