EP · Empire Petroleum Corp · Executive Compensation
$2.44
+0.43 (+21.39%)
At close · Nov 6
Return incl. dividend (before tax)
Q3 2022 earnings call transcript
Going-concern doubt
— cleared Aug 14, 2026
The latest filing states the doubt was alleviated.
“Given the negative working capital and insufficient expected operating cash flow there is substantial doubt about the Company’s ability to continue as a going concern. Management believes that its plans, and support from the existing related-party stockholders discussed above, is probable and has alleviated the substantial doubt regarding Empire’s ability to continue as a going concern.”View the 10-Q filed Aug 14, 2026
Market Cap
$83.57M
Shares
41.58M
Volume · Nov 6
136.73K
Avg daily vol (3M)
45.25K
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Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.
Fiscal 2025
| Executive | Role | Total |
|---|---|---|
| Michael R | Morrisett President and Chief Executive Officer | $305,225 |
Fiscal 2024
| Executive | Role | Total |
|---|---|---|
| Michael R | Morrisett President and Chief Executive Officer | $475,225 |
Fiscal 2023
| Executive | Role | Total |
|---|---|---|
| Michael R | Morrisett President and Chief Executive Officer | $541,688 |
Executive changes
| Person | Role | Change | Filed |
|---|---|---|---|
| Matthew E. Watson | Chief Accounting Officer | Appointed | 2024-09-06 |
| Michael R. Morrisett | principal financial officer | Appointed | 2024-05-13 |
| Stephen L. Faulkner, Jr. (Larry) | Chief Accounting Officer | Resigned | 2024-03-13 |
| Stephen L. Faulkner, Jr. (Larry) | Chief Financial Officer | Resigned | 2024-03-13 |
| Eugene J. Sweeney | Chief Operating Officer | Resigned | 2023-07-13 |
| Andrew L. Lewis | directors | Appointed | 2023-06-15 |
| J. Kevin Vann | directors | Appointed | 2023-06-15 |
| Michael R. Morrisett | directors | Appointed | 2023-06-15 |
| J. Kevin Vann | Director | Appointed | 2023-05-04 |
| Stephen L. Faulkner, Jr. | Chief Financial Officer | Appointed | 2023-05-04 |
| Michael R. Morrisett | Chief Executive Officer | Appointed | 2023-03-22 |
| Thomas W. Pritchard | director | Resigned | 2023-03-22 |
| Thomas W. Pritchard | Chief Executive Officer | Resigned | 2023-03-22 |
| Stephen L. Faulkner, Jr. (Larry) | Controller and Chief Accounting Officer | Appointed | 2022-12-16 |
| Angela M. Baker | Chief Accounting Officer | Resigned | 2022-11-14 |
| Eugene J. Sweeney | Chief Operating Officer | Appointed | 2022-09-19 |
Leadership
- Michael Morrisett CEO, Board Member
- Michael R CEO
- Michael R. Morrisett CEO, Board Member
- Stephen L. Faulkner, Jr. CFO
- Eugene J. Sweeney COO
- Eugene Sweeney COO
- Matthew E. Watson Chief Accounting Officer
- Stephen L. Faulkner, Jr. (Larry) Chief Accounting Officer
- Andrew L. Lewis Board Member
- Andrew Lewis Board Member
- Ben Marchive II Board Member
- Benjamin J. Marchive II Board Member
- J. Kevin Vann Board Member
- Mason Matschke Board Member
- Phil E. Mulacek Board Member
- Phil Mulacek Board Member
- Vice Admiral Andrew L. Lewis (Ret.) Board Member
- Vice Admiral Andrew Lewis (Ret.) Board Member