Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers. |
SandRidge Energy Forms Search Committee to Fill Permanent CEO Position
On September 17, 2018, William M. Griffin, Jr., Interim President and Chief Executive Officer of SandRidge Energy, Inc. (the “Company”), informed the board of directors (the “Board”) that he would not be a candidate to serve as the Company’s permanent President and Chief Executive Officer. The parties intend for Mr. Griffin to continue serving as Interim President and Chief Executive Officer until a successor is appointed and to continue as anon-employee member of the Board thereafter.
The Board has formed a four-member search committee (“CEO Search Committee”) to evaluate and recommend to the Board candidates to serve as permanent President and Chief Executive Officer and lead the execution of the Company’s full development and growth plan announced at the recent conclusion of the strategic review process. The CEO Search Committee consists of the Chairman of each of the Board’s standing committees, Robert G. Alexander, John J. “Jack” Lipinski and Randolph C. Read, together with Jonathan Frates, the Board’s Chairman
Forward-Looking Statements
This Current Report on Form8-K contains forward-looking statements including, but not limited to, statements related to expectations about the hiring of a permanent Chief Executive Officer. All statements, other than statements of historical facts, included in this Current Report that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the Company’s expectations, including, but not limited to, risks and uncertainties related to the timing of the Company’s hiring of a permanent Chief Executive Officer. We refer you to the discussion of risk factors in Part I, Item 1A - “Risk Factors” of our most recent Annual Report onForm 10-K, as amended, and in comparable “Risk Factor” sections of our Quarterly Reports onForm 10-Q filed after suchForm 10-K. These forward-looking statements speak only as of the date of this Current Report on Form8-K, and the Company disclaims any intent or obligation to update these forward-looking statements to reflect events or circumstances after the date of such statements, except as may be required by law.