Kosmos Energy Ltd 8-K/A, filed May 11, 2020
Kosmos Energy Ltd. (KOS)
About this 8-K/A
Kosmos Energy Ltd filed this 8-K/A on May 11, 2020, reporting on events of February 24, 2020.
Items reported
- Item 5.02: Director or officer change, or executive pay
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SECURITIES AND EXCHANGE COMMISSION
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(Amendment No. 1)
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This Form 8-K/A is being filed as an amendment (“Amendment No. 1”) to the Current Report on Form 8-K filed by Kosmos Energy Ltd. (the “Company”) under Item 5.02 on February 28, 2020 regarding the retirement of Thomas P. Chambers, the Company’s Senior Vice President and Chief Financial Officer, and the appointment of his successor, Neal D. Shah, the Company’s Senior Vice President and Deputy Chief Financial Officer, effective in May 2020. This Amendment No. 1 is being filed to provide additional information with respect to Mr. Chambers’ retirement and Mr. Shah’s appointment as Senior Vice President and Chief Financial Officer of the Company.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As previously announced, in connection with a reorganization of certain management roles by the Company, Neal D. Shah will become the Company’s Senior Vice President and Chief Financial Officer effective May 11, 2020.
The selection of Mr. Shah to serve as the Company’s Senior Vice President and Chief Financial Officer was not made pursuant to any arrangement or understanding with respect to any other person. In addition, there are no family relationships between Mr. Shah and any director or other executive officer of the Company and there are no related persons transactions (within the meaning of Item 404(a) of Regulation S-K) involving Mr. Shah and the Company and/or its subsidiaries. In connection with his appointment, Mr. Shah’s annual base salary remains unchanged at $460,000 and his target annual bonus opportunity remains unchanged at 75% of his annual base salary. Mr. Shah will also continue to be eligible to participate in the Kosmos Energy Ltd. Long Term Incentive Plan.
Mr. Chambers will cease serving as the Company’s Senior Vice President and Chief Financial Officer, effective May 11, 2020, and will thereafter serve as Senior Advisor to the Chairman and CEO through the end of this year, when he is expected to retire, working on strategic projects in response to the longer-term impact of the COVID-19 pandemic.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: May 11, 2020
| KOSMOS ENERGY LTD. | ||
| By: | /s/ Jason E. Doughty | |
| Jason E. Doughty | ||
| Senior Vice President, General Counsel and Corporate Secretary | ||