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): November 15, 2019
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) On November 15, 2019, Scott A. Gieselman and David W. Hayes, each of whom serves as a partner with NGP Energy Capital Management, L.L.C. (“NGP”), informed Chesapeake Energy Corporation (the “Company”) that they have resigned from the Company’s Board of Directors. Messrs. Gieselman and Hayes served as NGP’s representatives on the Company’s Board of Directors. As disclosed in a Current Report on Form 8-K filed with the SEC on November 12, 2019, NGP, as manager of certain investment funds, made an in kind pro rata distribution of its shares of the Company’s common stock to the respective partners of these investment funds.
Mr. Gieselman has been a member of the Company’s Board of Directors since May 2019 and served as a member of its Finance and Nominating, Governance & Social Responsibility Committees. Mr. Hayes has been a member of the Company’s Board of Directors since February 2019 and served as a member of its Audit and Compensation Committees. The decisions of Messrs. Gieselman and Hayes to resign were not the result of any disagreement with the Company on any matter relating to its operations, policies or practices.
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.
CHESAPEAKE ENERGY CORPORATION | |
By: | /s/ JAMES R. WEBB |
James R. Webb | |
Executive Vice President — General Counsel and Corporate Secretary | |
Date: November 15, 2019