Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers.
On January 19, 2021, PHX Minerals Inc. (the "Company") announced that John H.
Pinkerton was appointed to the Company's board of directors on December 22,
2020, with an effective date of February 1, 2021. His appointment increases the
board's size to six members. Mr. Pinkerton was appointed to fill the vacancy
created by the departure of Robert E. Robotti, who retired from the Company's
board of directors effective May 1, 2020. Mr. Pinkerton will be assuming Mr.
Robotti's positions on the Compensation Committee and Corporate Governance and
Nominating Committee. Mr. Pinkerton's term on the Company's board of directors
ends March 2022. His compensation will be consistent with the director
compensation outlined in the Company's definitive proxy statement, pro-rated for
his February 1, 2021 start date.
Mr. Pinkerton currently serves as Executive Chairman and is Chairman of the
Board of Directors of Encino Energy, a private oil and gas operating company,
since 2017. He also serves as a director of EP Energy, a private oil and gas
operating company, since 2020. In 1990, Mr. Pinkerton was employed at Range
Resources Corporation (NYSE: RRC) first as President and then as Chief Executive
Officer from 1992 until 2012. He also served as a director on Range Resources
board starting in 1988 and then as Chairman from 2008 until January 2015. Mr.
Pinkerton received a Bachelor of Arts degree in Business Administration from
Texas Christian University, where he now serves on the board of trustees, and
holds a Master's degree in Accounting from the University of Texas at Arlington.
Item 9.01 Financial Statements & Exhibits.
(d) Exhibits
Exhibit
No. Description
99.1 Press Release dated January 19, 2021.
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