UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 20, 2023 (
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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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.
On October 17, 2023, the Board of Directors (the “Board”) of Range Resources Corporation (the “Company”) appointed Mr. Charles G. Griffie as a director, to serve through the annual meeting of stockholders to be held in May 2024. Mr. Griffie has been appointed to serve on the Nominating and Governance Committee and the ESG and Safety Committee.
There are no understandings or arrangements between Mr. Griffie and any other person pursuant to which Mr. Griffie was selected to serve as a director of the Board. There are no relationships between Mr. Griffie and the Company or any of its subsidiaries that would require disclosure pursuant to Item 404(a) of Regulation S-K.
Mr. Griffie will be entitled to the same compensation as other non-employee directors; namely, (a) an $80,000 annual cash retainer, payable quarterly, prorated for any partial quarter, (b) $200,000 annual grant of restricted stock or cash equivalent, prorated for service of less than a full year, which will vest on the last day of the current Board term in May 2024, (c) a director indemnification agreement with the Company and (d) additional benefits as described in the Company’s definitive proxy statement delivered to its stockholders in connection with the 2023 annual meeting of stockholders and filed with the Securities and Exchange Commission on March 30, 2023.
Item 7.01 Regulation FD Disclosure.
Mr. Griffie has more than 25 years of experience in the oil and gas industry, with a focus in midstream and E&P operations, where he oversaw the development and operations of large-scale oil and gas assets. Mr. Griffie previously served as the Senior Vice President of Engineering and Operations at Western Midstream Partners LP. Mr. Griffie holds a master’s degree in business administration from the University of Colorado and an undergraduate degree in mechanical engineering also from the University of Colorado. He has also completed the Program for Leadership Development-Executive Education at Harvard Business School.
The Board has determined that Mr. Griffie is an independent director.
ITEM 9.01 Financial Statements and Exhibits
(d) Exhibits:
99.1 Press Release dated October 20, 2023
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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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.
RANGE RESOURCES CORPORATION |
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By: |
/s/ ERIN W. MCDOWELL |
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Erin W. McDowell |
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Senior Vice President and General Counsel and Corporate Secretary |
Date: October 20, 2023
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Exhibit 99.1
NEWS RELEASE
Charles Griffie Appointed as Range Director
FORT WORTH, TEXAS, October 20, 2023…RANGE RESOURCES CORPORATION (NYSE: RRC) today announced the appointment of Charles G. Griffie to its Board of Directors. Mr. Griffie’s appointment is effective October 17 and he will serve on Range’s Governance and Nominating and ESG and Safety committees.
Range Chairman, Greg Maxwell stated, “We are excited to announce the addition of Charles Griffie to the Range board as part of our ongoing refreshment process. Mr. Griffie has an extensive background in the oil and gas industry with expertise in managing midstream assets. His leadership in the industry and strategic marketing background make him an excellent addition to Range’s Board as the Company continues to harvest the value of its high-quality Appalachian inventory.”
Mr. Griffie has more than 25 years of experience in the oil and gas industry, with a focus in midstream and E&P operations, where he oversaw the development and operations of large-scale oil and gas assets. Mr. Griffie previously served as the Senior Vice President of Engineering and Operations at Western Midstream Partners, LP. Mr. Griffie also worked in the Appalachian Basin and was a founding executive and Senior Vice President of Operations, Midstream & Marketing for Olympus Energy. Prior to that, Mr. Griffie had an extensive career with Anadarko Petroleum Corporation where he worked in various roles of responsibility.
Mr. Griffie earned a bachelor’s degree in mechanical engineering and an MBA from the University of Colorado at Denver. He also completed the Program for Leadership Development – Executive Education at Harvard Business School. Mr. Griffie was recently recognized by the National Diversity Council as a top 100 Black Executive and top 100 Diverse Leaders in Energy.
RANGE RESOURCES CORPORATION (NYSE: RRC) is a leading U.S. independent natural gas and NGL producer with operations focused in the Appalachian Basin. The Company is headquartered in Fort Worth, Texas. More information about Range can be found at www.rangeresources.com.
Range Investor Contact:
Laith Sando, Vice President – Investor Relations
817-869-4267
lsando@rangeresources.com
Range Media Contact:
Mark Windle, Director of Corporate Communications
724-873-3223
mwindle@rangeresources.com
Document and Entity Information |
Oct. 17, 2023 |
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| Cover [Abstract] | |
| Document Type | 8-K |
| Amendment Flag | false |
| Document Period End Date | Oct. 17, 2023 |
| Entity Registrant Name | RANGE RESOURCES CORP |
| Entity Central Index Key | 0000315852 |
| Entity Emerging Growth Company | false |
| Entity File Number | 001-12209 |
| Entity Incorporation, State or Country Code | DE |
| Entity Tax Identification Number | 34-1312571 |
| Entity Address, Address Line One | 100 Throckmorton Street |
| Entity Address, Address Line Two | Suite 1200 |
| Entity Address, City or Town | Fort Worth |
| Entity Address, State or Province | TX |
| Entity Address, Postal Zip Code | 76102 |
| City Area Code | 817 |
| Local Phone Number | 870-2601 |
| Entity Information, Former Legal or Registered Name | Not Applicable |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Security 12b Title | Common Stock, $0.01 par value |
| Trading Symbol | RRC |
| Security Exchange Name | NYSE |