UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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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) and (c)
Effective July 1, 2023, Randy May was appointed Chief Executive Officer and resigned from his role as Executive Chairman, and Jay Puchir resigned from his role as Chief Executive Officer, of White River Energy Corp (the “Company”). Mr. May remains Chairman of the Board of Directors of the Company in a non-officer capacity, and Mr. Puchir remains Chief Financial Officer of the Company.
Additionally, Mr. Puchir is the manager of the Company’s indirect wholly-owned subsidiary, White River Energy Partners Management I, LLC (“WR Fund Manager”). WR Fund Manager is the managing general partner of an investment partnership (the “Fund”) the Company created to invest in oil and gas wells another Company subsidiary will drill. He also acts as Fund Manager for the Fund and is expected to serve as the sole Fund Manager of future product offerings through WR Fund Manager.
Description of the five-year business experience, compensatory arrangements and related party transactions of Mr. May, which other than updated biographical information were unaffected by the foregoing events, has previously been disclosed by the Company in its filings with the Securities and Exchange Commission, most recently in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2023 filed on June 29, 2023.
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On June 30, 2023, the Company’s Board of Directors approved an amendment to the Company’s Amended and Restated Bylaws to eliminate the position and duties of Executive Chairman. A copy of the amendment is filed as Exhibit 3.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
| Exhibit No. | Exhibit | |
| 3.1 | Amendment No. 1 to the Amended and Restated Bylaws | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
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.
| White River Energy Corp | ||
| Date: July 7, 2023 | By: | /s/ Jay Puchir |
| Name: | Jay Puchir | |
| Title: | Chief Financial Officer | |