Form 8-K - Current report
06 Março 2025 - 6:49PM
Edgar (US Regulatory)
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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): March 3, 2025
COTERRA ENERGY INC.
(Exact name of registrant as specified in its charter)
| | | | | | | | | | | | | | |
Delaware | | 1-10447 | | 04-3072771 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (I.R.S. Employer Identification No.) |
| | | | | | | | |
Three Memorial City Plaza | | |
840 Gessner Road, Suite 1400 | | |
Houston, Texas | | 77024 |
(Address of principal executive offices) | | (Zip Code) |
Registrant’s telephone number, including area code: (281) 589-4600
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):
☐ 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))
Securities registered pursuant to Section 12(b) of the Act:
| | | | | | | | |
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
Common Stock, par value $0.10 per share | CTRA | 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. ☐
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) On March 3, 2025, Stephen P. Bell notified the Board of Directors (the “Board”) of Coterra Energy Inc. (the “Company”) of his intent to retire from the Company effective December 31, 2025. It is currently expected that Mr. Bell will continue to serve as Executive Vice President--Business Development and as an executive officer of the Company until his retirement to facilitate a smooth transition. Mr. Bell’s decision to retire is not the result of any disagreement with the Company on any matter relating to the operations, policies or practices of the Company.
Also on March 3, 2025, Todd M. Roemer informed the Board of his intent to retire from the Company following the filing of the Company’s Annual Report on Form 10-K for the year ending December 31, 2025. It is currently expected that Mr. Roemer will continue to serve as Vice President and Chief Accounting Officer and as an executive officer of the Company until his retirement to facilitate a smooth transition. Mr. Roemer’s decision to retire is not the result of any disagreement with the Company on any matter relating to the financial statements, internal control over financial reporting, operations, policies or practices of the Company.
Item 7.01. Regulation FD Disclosure.
The information set forth in Item 5.02(b) of this Current Report on Form 8-K is incorporated by reference into this Item 7.01.
A copy of the Company’s press release announcing Mr. Bell’s and Mr. Roemer’s planned retirement is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
In accordance with General Instruction B.2 of Form 8-K, the information under this Item 7.01 shall not be deemed “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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.
| | | | | | | | |
| COTERRA ENERGY INC. |
| |
| |
| By: | /s/ Marcus G. Bolinder |
| | Marcus G. Bolinder |
| | Corporate Secretary |
Date: March 6, 2025
Coterra Energy Announces Planned Executive Retirements
HOUSTON, March 6, 2025 - Coterra Energy Inc. (NYSE: CTRA) (“Coterra” or the “Company”) today announced the planned retirements of two executive officers of the Company, Stephen P. Bell, Executive Vice President—Business Development, and Todd M. Roemer, Vice President and Chief Accounting Officer. Mr. Bell intends to retire in late 2025 and Mr. Roemer intends to retire in 2026 after the filing of the Company’s 2025 Form 10-K.
Mr. Bell will be retiring after nearly 50 years in the industry, including over 30 years spent at Coterra and predecessor companies, serving in various senior roles in Business Development and Land. Mr. Roemer will be retiring from a nearly 30-year accounting career, over half of which was dedicated to Coterra and its predecessor as Chief Accounting Officer and Controller. Prior to joining Coterra in 2010, Mr. Roemer spent 14 years at PricewaterhouseCoopers LLP.
Tom Jorden, Chairman, Chief Executive Officer, and President commented, “It would be hard to overstate Steve Bell’s contribution to building Coterra, Cimarex, and Key Production. His guidance and friendship have been instrumental to me over the years, as they have been to our organization and his extensive contacts throughout the industry. I am grateful for the years that Steve has dedicated to our endeavors and our organization. We are better because of his efforts. Todd Roemer defines the words competence and professionalism, and his legacy of attention to detail, calm measured judgment, and deep knowledge will live on in our hallways through those he has mentored. After leaving a successful career in public accounting, Todd helped grow Cabot and Coterra into premier companies built on a foundation of transparency and integrity. We are deeply grateful to both Steve and Todd. Their fingerprints will be all over the future success of Coterra, and we expect a smooth transition for each role over the coming year.”
About Coterra Energy
Coterra is a premier exploration and production company based in Houston, Texas with focused operations in the Permian Basin, Marcellus Shale and Anadarko Basin. We strive to be a leading energy producer, delivering sustainable returns through the efficient and responsible development of our diversified asset base. Learn more about us at www.coterra.com.
Investor Contact
Daniel Guffey – Vice President of Finance, IR, and Treasurer
281.589.4875
Hannah Stuckey – Investor Relations Manager
281.589.4983
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Mar. 03, 2025 |
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COTERRA ENERGY INC.
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DE
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Houston
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