Diamondback Energy, Inc. (FANG) Form 8-K — Sep 30, 2026
$FANGForm 8-KItems 1.01, 5.02, 9.01Filed Sep 30, 2026, 4:05 PM ET0001104659-26-112325Original filing
Diamondback Energy and SGF FANG Holdings, LP entered into a First Amendment to their September 2024 Stockholders Agreement on September 29, 2026, permanently reducing the Stephens Majority's board designation rights to two directors if the Stephens Stockholders own 10-25% of shares and none below 10%. In connection with this Board Stepdown, directors Darin Holderness and Lance Robertson resigned from the board on September 29 and 30, 2026, respectively, with the filing explicitly noting the departures were not due to any disagreement with the company.
Key figures
- Board designation threshold 10pct
- 2 directors if Stephens Stockholders own at least 10% but less than 25% of Outstanding Shares
- Board designation threshold below 10pct
- no directors if Stephens Stockholders own less than 10% of Outstanding Shares
AI analysis
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