W&T Offshore Inc 8-K, filed Apr 11, 2022
W&T Offshore Inc (WTI)
About this 8-K
W&T Offshore Inc filed this 8-K on April 11, 2022.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant
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| Title of each class | Trading Symbol | Name of each exchange on which registered | ||
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain 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. (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 Senior Management
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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