Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b)Departure of Principal Officer
As previously disclosed, on August 11, 2019, Sanchez Energy Corporation (“SN”) and certain of its subsidiaries, consisting of SN Palmetto, LLC, SN Marquis LLC, SN Cotulla Assets, LLC, SN Operating, LLC, SN TMS, LLC, SN Catarina, LLC, Rockin L Ranch Company, LLC, SN Payables, LLC, SN EF Maverick, LLC and SN UR Holdings, LLC, filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas.
On June 30, 2020, SN emerged from Chapter 11 as a privately held corporation under the name Mesquite Energy, Inc. (“Mesquite”).
On July 10, 2020, Kirsten A. Hink, the Chief Accounting Officer of Sanchez Midstream Partners GP LLC (“SNMP GP”), the general partner of Sanchez Midstream Partners LP (the “Partnership”), informed the Board of Directors of SNMP GP (the “Board”) of her resignation to be deemed effective as of June 30, 2020.
As previously disclosed by the Partnership, Ms. Hink has served as Senior Vice President and Chief Accounting Officer of SN since January 2015, and she previously served as SN’s Vice President and Principal Accounting Officer beginning in March 2012. Ms. Hink’s decision to resign from her role as Chief Accounting Officer of SNMP GP was not due to any disagreement with SNMP GP, the Board or the Partnership, rather it is due to SN’s emergence from Chapter 11. Ms. Hink will serve as Vice President and Controller of Mesquite and will no longer hold any roles with SNMP GP.
