Anonymous ID: 8ba215 May 7, 2018, 8:49 p.m. No.1333790   🗄️.is 🔗kun   >>3895

——— NOTABLE Resignations ——–

 

Resignations of CEO + 2 Audit Committee members from an oil and gas public company listed on an exchange

 

—— Lilis Energy 8k Disclosure to the SEC ——

 

LILIS ENERGY, INC. (OTCMKTS:LLEX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On April 6, 2018, James L. Linville ceased serving as CEO of the Company. The Company entered into an agreement with Mr. Linville to which he will receive severance and other consideration to the terms of his employment agreement.

 

On April 6, 2018, Peter Benz informed the Company’s Board of his intent to resign, effective April 6, 2018, from his position as a member of the Board and all committees thereof, for personal and other business reasons. Mr. Benz served as a member of the Audit Committee.

 

On April 6, 2018, Merrill McPeak informed the Company’s Board of his intent to resign, effective April 6, 2018, from his position as a member of the Board and all committees thereof, for personal and other business reasons. Mr. McPeak served as a member of the Audit Committee, Compensation Committee, and the Nominating and Governance Committee.