mtdr-202506110001520006false00015200062025-06-112025-06-11
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported) June 11, 2025
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Matador Resources Company
(Exact name of registrant as specified in its charter)
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| Texas | | 001-35410 | | 27-4662601 |
(State or other jurisdiction
of incorporation) | | (Commission
File Number) | | (IRS Employer
Identification No.) |
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| 5400 LBJ Freeway, | Suite 1500 | 75240 |
| Dallas, | Texas | |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (972) 371-5200
Not Applicable
(Former name or former address, if changed since last report)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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| Title of each class | | Trading symbol(s) | | Name of each exchange on which registered |
| Common Stock, par value $0.01 per share | | MTDR | | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
On June 12, 2025, Matador Resources Company (the “Company”) announced the following leadership appointments and promotions, which were approved by the Board of Directors of the Company on June 11, 2025 (the “Effective Date”):
•Bryan A. Erman has been promoted to Co-President, Chief Legal Officer and Head of M&A of the Company. Mr. Erman previously served as the Company’s Executive Vice President, General Counsel and Head of M&A.
•William D. Lambert has been promoted to Executive Vice President, Chief Financial Officer and Head of Strategy of the Company. Mr. Lambert previously served as the Company’s Executive Vice President, Deputy Chief Financial Officer and Chief of Strategy. As Chief Financial Officer of the Company, Mr. Lambert will assume the role of principal financial officer of the Company from Brian J. Willey, effective as of the Effective Date.
•Brian J. Willey has been promoted to Executive Vice President – Midstream of the Company and Executive Vice President, Chief Administrative Officer and Chief Legal Officer of San Mateo Midstream, LLC (“San Mateo”), the Company’s midstream joint venture. Mr. Willey previously served as the Executive Vice President and Chief Financial Officer of the Company.
•Robert T. Macalik has been promoted to Executive Vice President – Administration and Finance of the Company and Executive Vice President and Chief Financial Officer of San Mateo. Mr. Macalik previously served as the Executive Vice President and Chief Accounting Officer of the Company.
•Benjamin T. Colodney has been promoted to Vice President and Chief Accounting Officer of the Company. Mr. Colodney previously served as the Company’s Vice President of Financial Reporting. Mr. Colodney will assume the role of principal accounting officer of the Company from Robert T. Macalik, effective as of the Effective Date.
Mr. Lambert, age 44, joined the Company in May 2025 as Executive Vice President, Deputy Chief Financial Officer and Chief of Strategy. Prior to joining the Company, Mr. Lambert was the Vice President of Business Development at Devon Energy in Oklahoma City. Before joining Devon in 2021, he was a Managing Director in the Energy Investment Banking Group at Goldman Sachs in Houston since 2017. He also held positions at Deutsche Bank and began his career as a wireline field engineer with Schlumberger, working in various countries across Southeast Asia. Mr. Lambert received a Bachelor of Engineering in Chemical Engineering in 2003 from Vanderbilt University. He also received a Master of Business Administration with a concentration in Finance from Vanderbilt University in 2008.
Mr. Colodney, age 39, joined the Company in March 2023 as Director of Financial Reporting and was promoted to Vice President of Financial Reporting in April of 2024. Prior to joining the Company, Mr. Colodney was a Director at PricewaterhouseCoopers LLP in Houston, Texas, having joined the firm in Fort Worth, Texas, in 2009. Before relocating to Houston, Mr. Colodney held the positions of Senior Manager and Manager in Budapest, Hungary, from 2015 to 2018. Mr. Colodney received a Bachelor of Business Administration in Accounting in 2008 and Master of Accounting in 2009 both from Texas Christian University and is a Certified Public Accountant in the State of Texas.
The biographical information regarding Messrs. Erman, Willey and Macalik disclosed in the Company’s Definitive Proxy Statement on Schedule 14A, filed with the Securities and Exchange Commission on April 28, 2025, under the heading “Executive Officers and Other Senior Officers of the Company”, is incorporated herein by reference.
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| Item 7.01 | Regulation FD Disclosure. |
On June 12, 2025, the Company issued a press release announcing the appointments and promotions described in Item 5.02 of this Current Report on Form 8-K (this “Current Report”). A copy of the press release is attached as Exhibit 99.1 to this Current Report and incorporated herein by reference.
The information furnished pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and will not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, unless specifically identified therein as being incorporated therein by reference.
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| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
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| Exhibit No. | | Description of Exhibit |
| 99.1 | | | |
| 104 | | | Cover Page Interactive Data File, formatted in Inline XBRL (included as Exhibit 101). |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| | | | MATADOR RESOURCES COMPANY |
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| Date: June 13, 2025 | | | | By: | | /s/ Bryan A. Erman |
| | | | Name: | | Bryan A. Erman |
| | | | Title: | | Co-President |
MATADOR RESOURCES COMPANY AND SAN MATEO MIDSTREAM ANNOUNCE LEADERSHIP PROMOTIONS
DALLAS, Texas – June 12, 2025 – Matador Resources Company (NYSE: MTDR) (“Matador”) and its midstream affiliate, San Mateo Midstream, LLC (“San Mateo”), today announced several leadership promotions, effective June 11, 2025.
•Bryan A. Erman has been promoted to Co-President, Chief Legal Officer and Head of M&A
•William D. Lambert has been promoted to Executive Vice President, Chief Financial Officer and Head of Strategy
•Brian J. Willey has been promoted to Executive Vice President – Midstream of Matador and Executive Vice President, Chief Administrative Officer and Chief Legal Officer of San Mateo
•Robert T. Macalik has been promoted to Executive Vice President – Administration and Finance of Matador and Executive Vice President and Chief Financial Officer of San Mateo
Bryan A. Erman, currently Executive Vice President, General Counsel and Head of M&A, has been promoted to Co-President, Chief Legal Officer and Head of M&A, and William D. Lambert, currently Executive Vice President, Deputy Chief Financial Officer and Chief of Strategy, has been promoted to Executive Vice President, Chief Financial Officer and Head of Strategy.
“I would like to congratulate Bryan and Bill on their promotions,” said Joseph Wm. Foran, Matador’s Founder, Chairman and Chief Executive Officer. “Bryan’s contributions have gone well beyond land and legal operations, and this promotion reflects his critical role in shaping and executing our strategy and objectives alongside Co-President, Van Singleton.” Mr. Foran continued, “Since joining us earlier this year, Bill has already made significant contributions to Matador’s finance and investor relations teams, demonstrating strong leadership and a deep understanding of our business. I look forward to working with him as our Chief Financial Officer.”
Additionally, Brian J. Willey, currently Executive Vice President and Chief Financial Officer, who previously led the San Mateo team, has been promoted to Executive Vice President – Midstream of Matador and Executive Vice President, Chief Administrative Officer and Chief Legal Officer of San Mateo, and Robert T. Macalik, currently Executive Vice President and Chief Accounting Officer, who supported the Chief Financial Officer and finance team, has been promoted to Executive Vice President – Administration and Finance of Matador and Executive Vice President and Chief Financial Officer of San Mateo.
Timothy E. Parker, Matador’s Lead Independent Director, noted, “With the recently completed expansion of the Marlan Plant, San Mateo’s midstream system has grown from a total gas processing capacity of 60 million cubic feet per day (“MMcf/d”) in 2016 to 720 MMcf/d today, making it one of the top three midstream gas processing systems by capacity in New Mexico. As our midstream business grows in value and strategic importance, we’re excited for Brian and Rob, who have been key members of the team at Matador for many years, to take on leadership roles at San Mateo. These promotions will help strengthen San Mateo for future opportunities and growth as we continue to explore ways to maximize the value of San Mateo for Matador’s shareholders.”
About Matador Resources Company
Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also operates in the Haynesville shale and Cotton Valley plays in Northwest
Louisiana. Additionally, Matador conducts midstream operations in support of its exploration, development and production operations and provides natural gas processing, oil transportation services, natural gas, oil and produced water gathering services and produced water disposal services to third parties.
For more information, visit Matador Resources Company at www.matadorresources.com.
About San Mateo Midstream
San Mateo Midstream is a strategic joint venture formed in February 2017 by a subsidiary of Matador and a subsidiary of Five Point Infrastructure LLC. San Mateo provides an all-inclusive approach to midstream services for the three main streams produced by oil and natural gas activities, including natural gas gathering, compression, treating and processing services; produced water gathering and disposal services; and oil gathering and transportation services. San Mateo owns and operates natural gas, produced water, and oil gathering and transportation systems in the Delaware Basin, the Black River and Marlan Gas Processing Complexes in Eddy County, New Mexico with a combined designed inlet capacity of 720 MMcf/d of natural gas and 16 commercial produced water disposal wells in Eddy County, New Mexico and Loving County, Texas, with a combined designed disposal capacity of 475,000 barrels per day. San Mateo serves as the primary midstream solution for its anchor customer, Matador, and provides midstream services to other E&P operators in the Delaware Basin.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. “Forward-looking statements” are statements related to future, not past, events. Forward-looking statements are based on current expectations and include any statement that does not directly relate to a current or historical fact. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “could,” “believe,” “would,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “should,” “continue,” “plan,” “predict,” “potential,” “project,” “hypothetical,” “forecasted” and similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Such forward-looking statements include, but are not limited to, statements about the growth of Matador’s midstream business, the impact of the promotions described above on San Mateo and other statements that are not historical facts. Actual results and future events could differ materially from those anticipated in such statements, and such forward-looking statements may not prove to be accurate. These forward-looking statements involve certain risks and uncertainties, including, but not limited to, disruption from Matador’s acquisitions or dispositions making it more difficult to maintain business and operational relationships; significant transaction costs associated with Matador’s acquisitions or dispositions; the risk of litigation and/or regulatory actions related to Matador’s acquisitions or dispositions, as well as the following risks related to financial and operational performance: general economic conditions; Matador’s ability to execute its business plan, including whether its drilling program is successful; changes in oil, natural gas and natural gas liquids prices and the demand for oil, natural gas and natural gas liquids; its ability to replace reserves and efficiently develop current reserves; the operating results of Matador’s midstream oil, natural gas and water gathering and transportation systems, pipelines and facilities, the acquiring of third-party business and the drilling of any additional salt water disposal wells; costs of operations; delays and other difficulties related to producing oil, natural gas and natural gas liquids; delays and other difficulties related to regulatory and governmental approvals and restrictions; impact on Matador’s operations due to seismic events; its ability to make acquisitions on economically acceptable terms; its ability to integrate acquisitions; availability of sufficient capital to execute its business plan, including from future cash flows, capital markets, available borrowing capacity under its revolving credit
facilities and otherwise; the operating results of and the availability of any potential distributions from our joint ventures; weather and environmental conditions; and the other factors that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. For further discussions of risks and uncertainties, you should refer to Matador’s filings with the Securities and Exchange Commission (“SEC”), including the “Risk Factors” section of Matador’s most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q. Matador undertakes no obligation to update these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by law, including the securities laws of the United States and the rules and regulations of the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.
Contact Information
Mac Schmitz
Senior Vice President - Investor Relations
(972) 371-5225