8-K
W&T OFFSHORE INC (WTI)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
April 11, 2022
W&T Offshore, Inc.
(Exact name of registrantas specified in its charter)
| 1-32414 | |
|---|---|
| (Commission File Number) | |
| Texas | 72-1121985 |
| --- | --- |
| (State or Other Jurisdiction of Incorporation) | (IRS Employer Identification No.) |
5718 Westheimer Road, Suite 700
Houston, Texas 77057
(Address of Principal Executive Offices)
713.626.8525
(Registrant’s TelephoneNumber, Including Area Code)
N/A
(Former Name or Former Address, If Changed Since Last Report)
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 (see General Instruction A.2. below):
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| --- | --- |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| --- | --- |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| --- | --- |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934
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. ¨
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol | Name ofeach exchange on which registered |
|---|---|---|
| Common Stock, par value $0.00001 | WTI | New York Stock Exchange |
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain<br>Officers. | |
| --- | --- |
On April 11, 2022, W&T Offshore, Inc. (the “Company”) announced the departure of Shahid A. Ghauri, General Counsel and Corporate Secretary, from the Company, to pursue other personal interests. Nadege Assale, who has served as Assistant General Counsel for the past two years, will assume the role of Acting General Counsel until Mr. Ghauri’s successor is named. Mr. Ghauri will remain with W&T through April 22, 2022 to assist in the transition.
| Item 7.01. | Regulation FD Disclosure. |
|---|
On April 11, 2022, the Company issued a press release announcing the foregoing management changes. A copy of that press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
| Item 9.01 | Financial Statements and Exhibits. |
|---|
(d) Exhibits.
| Exhibit No. | Description |
|---|---|
| 99.1 | Press release dated April 11, 2022 |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
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.
| W&T OFFSHORE, INC. <br><br>(Registrant) | ||
|---|---|---|
| Dated: April 11, 2022 | By: | /s/ Janet Yang |
| Name: | Janet Yang | |
| Title: | Executive Vice President and Chief Financial Officer |
Exhibit 99.1
| PRESS RELEASE | |||
|---|---|---|---|
| CONTACT: | Al Petrie | Brent Collins | |
| --- | --- | --- | --- |
| Investor Relations Coordinator | Director of Investor Relations | ||
| FOR IMMEDIATE RELEASE | apetrie@wtoffshore.com | bcollins1@wtoffshore.com | |
| 713-297-8024 | 713-624-7364 |
W&T Offshore Announces Change in SeniorManagement
HOUSTON, April 11, 2022 – W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced that Shahid A. Ghauri, W&T’s Vice President, General Counsel and Corporate Secretary is leaving the Company to pursue other personal interests. Nadege Assale, who has served as Assistant General Counsel for the past two years, will assume the role of Acting General Counsel until Mr. Ghauri’s successor is named. Mr. Ghauri will remain with W&T through April 22, 2022 to assist in the transition.
Tracy W. Krohn, Chairman and Chief Executive Officer, commented, “We appreciate Shahid’s dedicated efforts during his five years with the Company. He has been a trusted advisor to management and our Board, as well as being actively involved in the many transactions we completed during his tenure. We will miss his insight and wish him the very best in the future.”
About W&T Offshore
W&T Offshore, Inc. is an independent oil and natural gas producer with operations offshore in the Gulf of Mexico and has grown through acquisitions, exploration, and development. As of December 31, 2021, the Company had working interests in 43 fields in federal and state waters and has under lease approximately 606,000 gross acres, including approximately 419,000 gross acres on the Gulf of Mexico Shelf and approximately 187,000 gross acres in the Gulf of Mexico deepwater. A majority of the Company’s daily production is derived from wells it operates. For more information on W&T, please visit the Company’s website at www.wtoffshore.com.
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