Actionable news
0
All posts from Actionable news
Actionable news in PDCE: PDC Energy, Inc.,

Departure of Directors or Certain

On April14, 2016, solely in order to provide for a nearly equal apportionment of the members of the Board of Directors (the Board) of PDC Energy, Inc. (the Company) among the three classes of the Board as contemplated by the Companys certificate of incorporation, Barton R. Brookman resigned as a Class II member of the Board, and was appointed as a Class III member of the Board, in each case to be effective immediately prior to the Companys 2016 annual meeting of stockholders. Mr.Brookman will be nominated for re-election as a Class III member of the Board at that stockholders meeting. The reassignment of Mr.Brookman from Class II to Class III had no effect on any aspect of his employment relationship or compensatory arrangements with the Company, and he continues to serve as the Com panys President and Chief Executive Officer. Mr. Brookmans reclassification is associated with the approved reduction in the size of the Board to seven, which is anticipated to be effective at the conclusion of the 2016 annual meeting of stockholders. Mr. Trimble, a current director and the Companys prior CEO, is transitioning off the Board at that time in accordance with corporate best practices and in conjunction with the completion of his consulting duties at the beginning of 2016.

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.

PDC Energy, Inc.

By:

/s/ Daniel W. Amidon

Daniel W. Amidon

General Counsel and Secretary

makes a similar move, sign up!

Other recent filings from the company include the following:

PDC: Form, Schedule Or Registration Statement No Filing Party: Date Filed: - April 20, 2016
PDC Energy releases salary data. CEO sees compensation rise 57% - April 20, 2016
PDC Energy director was just granted 316 restricted shares - April 6, 2016
PDC Energy director was just granted 88 restricted shares - April 6, 2016