Titan Energy, LLC (OTCMKTS:TTEN) 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 Arrangements of Certain Officers.
On March1, 2018, Titan Energy, LLC (the “Company”) announced that on February23, 2018, the Company and Mark D. Schumacher agreed upon a mutual separation. Mr.Schumacher will leave his position as the Company’s President effective March9, 2018 (the “Effective Date”) to pursue other business activities. The mutual separation was not the result of any disputes or disagreement with the Company, any matter related to the Company’s operations, policies or practices, the Company’s management or the Board of Directors.Mr.Schumacher will work with management to effectuate a smooth transition.
On February23, 2018, the Company’s Board of Directors appointed Christopher K. Walker to the position of Chief Operating Officer, effective as of the Effective Date. There are no other arrangements or understandings between Mr.Walker and the Company or any other person to which Mr.Walker was appointed to serve as the Company’s Chief Operating Officer.
Christopher K Walker, age 36, has served as the Company’s Vice President-Operations since February 2016.Mr.Walker served as Operations Manager from January 2014 to January 2016, and Operations Engineer from July 2012 to December 2013.Since joining the Company, Mr.Walker has worked on almost all of the Company’s former and current operated and non-operated asset positions, including Eagle Ford Shale, Fort Worth Basin (including Barnett Shale), Utica Shale, Coalbed Methane, and Mississippi Lime.Prior to joining the Company, Mr.Walker held Field Engineer and District Technical Supervisor positions with BJ Services/Baker Hughes from 2007 to 2012, specializing in hydraulic fracturing design and execution.Mr.Walker has a Bachelor of Science degree in Agricultural Engineering from Texas A&M University.
| Item 5.02. | Regulation FD Disclosure |
A copy of the Company’s press release related to the foregoing is attached as Exhibit 99.1 to this Current Report. The information under this item in this Current Report, including the exhibit hereto, is being furnished and shall not be deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section.
| Item 5.02. | Financial Statements and Exhibits |
Titan Energy, LLC ExhibitEX-99.1 2 d527716dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 NEWS RELEASE Contact: Investor Relations (877) 280-2857 (215) 405-2718 (fax) TITAN ENERGY APPOINTS CHRISTOPHER WALKER AS CHIEF OPERATING OFFICER FORT WORTH,…To view the full exhibit click here
