Amplify Energy Appoints Clint Coghill to Board of Directors
Amplify Energy Corp. (NYSE: AMPY) has appointed Clint Coghill as Lead Independent Director to its Board of Directors, effective May 16, 2025. Coghill, who is the Chief Investment Officer of Stoney Lonesome, represents entities that collectively own approximately 7% of Amplify's outstanding shares. As part of the appointment, Coghill will serve on the Board's Compensation Committee and be included in the Board's slate of nominees for the 2025 Annual Meeting.
The appointment comes with a cooperation agreement between Amplify and Stoney Lonesome entities, which includes customary standstill and voting provisions. The agreement will be filed with the SEC as part of a Current Report on Form 8-K.
Amplify Energy Corp. (NYSE: AMPY) ha nominato Clint Coghill come Lead Independent Director nel suo Consiglio di Amministrazione, con effetto dal 16 maggio 2025. Coghill, Chief Investment Officer di Stoney Lonesome, rappresenta entità che detengono collettivamente circa il 7% delle azioni in circolazione di Amplify. In seguito a questa nomina, Coghill farà parte del Comitato per la Remunerazione del Consiglio e sarà incluso nella lista dei candidati del Consiglio per l'Assemblea Annuale del 2025.
La nomina è accompagnata da un accordo di collaborazione tra Amplify e le entità di Stoney Lonesome, che prevede consuete clausole di standstill e disposizioni di voto. L'accordo sarà depositato presso la SEC come parte di una Relazione Corrente sul Modulo 8-K.
Amplify Energy Corp. (NYSE: AMPY) ha designado a Clint Coghill como Director Independiente Principal de su Junta Directiva, con efecto a partir del 16 de mayo de 2025. Coghill, quien es Director de Inversiones de Stoney Lonesome, representa a entidades que en conjunto poseen aproximadamente el 7% de las acciones en circulación de Amplify. Como parte de esta designación, Coghill formará parte del Comité de Compensación de la Junta y estará incluido en la lista de nominados para la Asamblea Anual de 2025.
La designación se realiza junto con un acuerdo de cooperación entre Amplify y las entidades de Stoney Lonesome, que incluye disposiciones habituales de standstill y voto. El acuerdo se presentará ante la SEC como parte de un Informe Actual en el Formulario 8-K.
Amplify Energy Corp. (NYSE: AMPY)는 2025년 5월 16일부터 이사회에 Clint Coghill을 독립 이사장(Lead Independent Director)으로 임명했습니다. Coghill은 Stoney Lonesome의 최고투자책임자(CIO)로서, Stoney Lonesome 관련 단체들이 Amplify의 발행 주식 약 7%를 보유하고 있습니다. 이번 임명으로 Coghill은 이사회의 보상위원회에 참여하며, 2025년 정기 주주총회 후보 명단에 포함될 예정입니다.
이번 임명은 Amplify와 Stoney Lonesome 관련 단체 간의 협력 계약과 함께 이루어졌으며, 계약에는 일반적인 스탠드스틸(standstill) 및 의결권 조항이 포함되어 있습니다. 이 계약은 SEC에 8-K 양식의 현재 보고서(Current Report)로 제출될 예정입니다.
Amplify Energy Corp. (NYSE : AMPY) a nommé Clint Coghill en tant que Lead Independent Director au sein de son Conseil d'administration, à compter du 16 mai 2025. Coghill, Directeur des Investissements de Stoney Lonesome, représente des entités détenant collectivement environ 7 % des actions en circulation d'Amplify. Dans le cadre de cette nomination, Coghill siègera au Comité de Rémunération du Conseil et figurera sur la liste des candidats du Conseil pour l'Assemblée Générale Annuelle de 2025.
Cette nomination s'accompagne d'un accord de coopération entre Amplify et les entités Stoney Lonesome, incluant des clauses habituelles de standstill et de vote. L'accord sera déposé auprès de la SEC dans le cadre d'un rapport courant sur le formulaire 8-K.
Amplify Energy Corp. (NYSE: AMPY) hat Clint Coghill mit Wirkung zum 16. Mai 2025 zum Lead Independent Director in seinen Vorstand berufen. Coghill, Chief Investment Officer von Stoney Lonesome, vertritt Einheiten, die zusammen etwa 7 % der ausstehenden Aktien von Amplify halten. Im Rahmen der Ernennung wird Coghill dem Vergütungsausschuss des Vorstands angehören und auf der Kandidatenliste des Vorstands für die Hauptversammlung 2025 stehen.
Die Ernennung erfolgt im Rahmen einer Kooperationsvereinbarung zwischen Amplify und den Stoney Lonesome-Einheiten, die übliche Standstill- und Stimmrechtsbestimmungen enthält. Die Vereinbarung wird bei der SEC im Rahmen eines aktuellen Berichts auf Formular 8-K eingereicht.
- Addition of a significant shareholder (7% ownership) to the board, potentially aligning management decisions with shareholder interests
- Structured cooperation agreement suggesting constructive engagement with major shareholders
- None.
HOUSTON, May 19, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) today announced that it has appointed Clint Coghill to its Board of Directors (the “Board”) as Lead Independent Director, effective May 16, 2025. In connection with Mr. Coghill’s appointment, the Company entered into a cooperation agreement with Mr. Coghill and his affiliates Stoney Lonesome HF, LP and The Drake Helix Holdings, LLC (collectively, “Stoney Lonesome”), the beneficial owners of approximately
Mr. Coghill will serve as a member of the Board’s Compensation Committee and be included in the Board’s slate of nominees up for election at the Company’s upcoming 2025 Annual Meeting of Stockholders.
“We appreciate the constructive dialogue we have had with Clint and are pleased to welcome him to the Board,” said Chris Hamm, Chairman of Amplify. “We believe Clint’s business and financial expertise and strong shareholder perspective will be invaluable assets to the Company and we look forward to working with him.”
Clint Coghill, the Chief Investment Officer of Stoney Lonesome, said, “I’m pleased to join the Board of Amplify and look forward to working with Amplify’s Board and management team to help the Company achieve its potential and drive shareholder value.”
In connection with the cooperation agreement, Stoney Lonesome has agreed to a customary standstill, voting and other provisions. The cooperation agreement will be included as an exhibit to a Current Report on Form 8-K, which the Company will file with the U.S. Securities and Exchange Commission.
Kirkland & Ellis LLP served as legal counsel to Amplify.
About Clint Coghill
Clint Coghill brings more than 30 years of experience as a successful money manager, software entrepreneur, and philanthropist. Mr. Coghill is the Founder of Backstop Solutions Group, LLC, an industry-leading service company redefining the way firms operate in private markets and reshaping the institutional investment industry. From 2003 to 2021, Mr. Coghill served as Chairman of the Board and Chief Executive Officer of Backstop Solutions Group, LLC from 2013 until its sale to ION Analytics in 2021, where he then was the Head of the Investor Segment until early 2025. Prior to that, he served as President and Chief Investment Officer of Coghill Capital Management, LLC. Mr. Coghill currently serves as the chairman of the board of the Coghill Family Foundation and serves on the board of directors of New Moly, LLC. Mr. Coghill holds a B.A. in Business Administration from the University of Arizona and an M.B.A. from the London Business School.
About Amplify Energy
Amplify Energy Corp. is an independent oil and natural gas company engaged in the acquisition, development, exploitation and production of oil and natural gas properties. Amplify’s operations are focused in Oklahoma, the Rockies (Bairoil), federal waters offshore Southern California (Beta), East Texas / North Louisiana, and the Eagle Ford (Non-op). For more information, visit www.amplifyenergy.com.
Forward-Looking Statements
This press release includes “forward-looking statements.” All statements, other than statements of historical fact, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. Terminology such as “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements about the Company’s upcoming 2025 Annual Meeting of Stockholders, expectations of plans, goals, strategies (including measures to implement strategies), objectives and anticipated results with respect thereto. These statements address activities, events or developments that we expect or anticipate will or may occur in the future, including things such as projections of results of operations, plans for growth, goals, future capital expenditures, competitive strengths, references to future intentions and other such references. These forward-looking statements involve risks and uncertainties and other factors that could cause the Company’s actual results or financial condition to differ materially from those expressed or implied by forward-looking statements. Without limiting the generality of the foregoing, forward-looking statements contained in this press release specifically include the expectations of plans, strategies, objectives and growth and anticipated financial and operational performance of the Company and its affiliates. Please read the Company’s filings with the Securities and Exchange Commission (the “SEC”), including “Risk Factors” in the Company’s Annual Report on Form 10-K, and if applicable, the Company’s Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, which are available on the Company’s Investor Relations website at https://www.amplifyenergy.com/investor-relations/default.aspx or on the SEC’s website at http://www.sec.gov, for a discussion of risks and uncertainties that could cause actual results to differ from those in such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements in this press release are qualified in their entirety by these cautionary statements. Except as required by law, the Company undertakes no obligation and does not intend to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise.
Contacts
Amplify Energy
Jim Frew -- Senior Vice President and Chief Financial Officer
(832) 219-9044
jim.frew@amplifyenergy.com
Michael Jordan -- Director, Finance and Treasurer
(832) 219-9051
michael.jordan@amplifyenergy.com
FTI Consulting
Tanner Kaufman / Brandon Elliott / Rose Zu
amplifyenergy@fticonsulting.com
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