Infinity Natural Resources (NYSE: INR) appoints veteran Timothy Dugan to board
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Infinity Natural Resources, Inc. appointed Timothy Dugan to its Board of Directors on July 13, 2026 to fill a current vacancy, with an initial term expiring at the 2027 Annual Meeting of Stockholders. The Board determined that he qualifies as an independent director under New York Stock Exchange standards and Rule 10A-3 of the Exchange Act.
Dugan brings more than four decades of leadership in the Appalachian energy industry, including service as President and Chief Executive Officer of Olympus Energy and Executive Vice President and Chief Operating Officer of CNX Resources Corporation. He will receive the company’s standard non-employee director compensation, be covered by directors’ and officers’ liability insurance, and is party to the company’s standard indemnification agreement for directors.
The company disclosed that an immediate family member of Dugan has worked in its land department since 2024 and received total compensation of approximately $347,367 in 2025. Other than this relationship, no related-party transactions requiring disclosure were identified. A press release announcing his appointment was issued on July 15, 2026.
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8-K Event Classification
3 items: 5.02, 7.01, 9.01
3 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Appointment date: July 13, 2026
Initial board term end: 2027 Annual Meeting of Stockholders
Family member 2025 compensation: approximately $347,367
+1 more
4 metrics
Appointment date
July 13, 2026
Effective date of Timothy Dugan’s appointment to the Board of Directors
Initial board term end
2027 Annual Meeting of Stockholders
Scheduled expiration of Dugan’s initial term on the Board
Family member 2025 compensation
approximately $347,367
Total annual compensation for Dugan’s immediate family member employed in the land department in 2025
Press release date
July 15, 2026
Date the company issued a press release announcing Dugan’s appointment
Key Terms
independent director, directors’ and officers’ liability insurance, indemnification agreement, emerging growth company, +1 more
5 terms
independent director regulatory
"The Board affirmatively determined that Mr. Dugan is an independent director"
An independent director is a member of a company's board of directors who is not involved in the company's day-to-day operations and has no significant relationships with the company that could influence their judgment. Their role is to provide unbiased oversight and ensure the company is managed in the best interests of all shareholders. This helps build trust and confidence among investors by promoting transparency and accountability.
directors’ and officers’ liability insurance regulatory
"the Company purchases and maintains directors’ and officers’ liability insurance"
indemnification agreement regulatory
"the Company and Mr. Dugan entered into the Company’s standard indemnification agreement"
An indemnification agreement is a contract in which one party promises to cover losses, costs, or legal claims that another party might face, acting like a tailored safety net or private insurance policy. For investors, it matters because such agreements shift potential financial risk away from a company or its officers and onto the indemnifier, which can affect a company’s future liabilities, cash flow and how risky the investment appears during deal-making or litigation.
emerging growth company regulatory
"Emerging growth company x"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Item 404(a) of Regulation S-K regulatory
"any transaction with any related person required to be disclosed pursuant to Item 404(a) of Regulation S-K"
FAQ
What board change did Infinity Natural Resources (INR) announce?
Infinity Natural Resources appointed Timothy Dugan to its Board of Directors, effective July 13, 2026. He fills a board vacancy and will serve an initial term expiring at the company’s 2027 Annual Meeting of Stockholders, bringing extensive Appalachian energy industry experience.
How long will Timothy Dugan serve on the Infinity Natural Resources (INR) board?
Timothy Dugan will serve on the Infinity board until the 2027 Annual Meeting of Stockholders. After that meeting, any continued service would depend on stockholder action consistent with the company’s governance practices and board election process.
Is Timothy Dugan considered an independent director at Infinity Natural Resources (INR)?
Yes, the Board affirmatively determined that Dugan is an independent director. This determination is made under New York Stock Exchange listing standards and Rule 10A-3 of the Securities Exchange Act of 1934, as amended, governing director independence.
What compensation and protections will Timothy Dugan receive as an Infinity Natural Resources (INR) director?
Dugan will receive the company’s standard non-employee director compensation described in its 2026 proxy statement. He is also covered by directors’ and officers’ liability insurance and is party to the company’s standard indemnification agreement for directors.
What is Timothy Dugan’s background relevant to Infinity Natural Resources (INR)?
Dugan has over 40 years in the Appalachian energy industry, including roles as President and CEO of Olympus Energy and EVP and COO of CNX Resources Corporation. His experience spans upstream operations, midstream infrastructure, capital allocation and strategic transactions.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________________________
FORM 8-K
__________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 13, 2026
__________________________
(Exact name of registrant as specified in its charter)
__________________________
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||
(Address of principal executive offices, including zip code)
(304 ) 212-2350
(Registrant’s telephone number, including area code)
__________________________
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
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 x
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. o
| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. | ||||
On July 13, 2026, the Board of Directors (the “Board”) of Infinity Natural Resources, Inc. (the “Company”) appointed Timothy Dugan to the Board, effective immediately, to fill a current vacancy on the Board and to serve for an initial term expiring at the 2027 Annual Meeting of Stockholders of the Company.
Mr. Dugan served as President and Chief Executive Officer of Olympus Energy, an Appalachian exploration and production company, from January 2020 to July 2025 where he guided the company’s sale to EQT Corporation (NYSE: EQT). Previously, Mr. Dugan served as Executive Vice President and Chief Operating Officer of CNX Resources Corporation (NYSE: CNX), an independent natural gas exploration, development and production company with primary operations in the Appalachian Basin, from January 2014 to December 2019, where he also served as Chief Operating Officer and a board member of CNX Midstream Partners LP. Earlier in his career, he held senior operational and engineering roles at Chesapeake Energy, Inc., Equitable Production Company and Cabot Oil & Gas Corporation. Mr. Dugan holds a B.S. in Chemical Engineering from the University of Pittsburgh. Mr. Dugan brings extensive executive leadership experience in the oil and gas industry, deep expertise in the Appalachian Basin and significant midstream infrastructure experience to the Board.
Mr. Dugan will receive the standard compensation paid by the Company to its non-employee directors, as described under “Director Compensation” in the Company’s Proxy Statement for its 2026 Annual Meeting of Stockholders, which was filed with the Securities and Exchange Commission on April 14, 2026. Additionally, the Company purchases and maintains directors’ and officers’ liability insurance for, and provides indemnification to, each member of the Board. In connection with this appointment, the Company and Mr. Dugan entered into the Company’s standard indemnification agreement for directors, the form of which has been filed with the Company’s Annual Report on Form 10-K for the year ended December 31, 2025.
The Board affirmatively determined that Mr. Dugan is an independent director within the meaning of the New York Stock Exchange listing standards and Rule 10A-3 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). There is no arrangement or understanding between Mr. Dugan and any other person pursuant to which he was selected as a director. There are no family relationships between Mr. Dugan and any other Board member or executive officer. An immediate family member of Mr. Dugan has been employed by the Company since 2024 in the land department. In 2025, the immediate family member’s total annual compensation, consisting of base salary, bonus and equity compensation, was approximately $347,367. Other than as disclosed herein, Mr. Dugan is not a party to any transaction with any related person required to be disclosed pursuant to Item 404(a) of Regulation S-K.
| Item 7.01. | Regulation FD Disclosure. | ||||
On July 15, 2026, the Company issued a press release announcing Mr. Dugan’s appointment to the Board. A copy of the press release is furnished as Exhibit 99.1 hereto and incorporated herein by reference.
The information furnished in this Current Report on Form 8-K pursuant to Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for any purpose, including for purposes of Section 18 of the Exchange Act, or otherwise be subject to the liabilities of that Section, nor shall it be deemed to be incorporated by reference in any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
| Item 9.01. | Financial Statements and Exhibits. | ||||
(d)Exhibits.
| Exhibit Number | Description | |||||||
| 99.1 | Press Release, dated July 15, 2026. | |||||||
| 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.
| INFINITY NATURAL RESOURCES, INC. | |||||||||||
| By: | /s/ Zack Arnold | ||||||||||
| Zack Arnold | |||||||||||
| President and Chief Executive Officer | |||||||||||
Dated: July 15, 2026
Exhibit 99.1
Infinity Natural Resources Appoints Timothy Dugan
to Board of Directors
July 15, 2026
MORGANTOWN, W. Va. --(BUSINESS WIRE)-- Infinity Natural Resources, Inc. (“Infinity” or the “Company”) (NYSE: INR) today announced the appointment of Timothy Dugan to its Board of Directors (the “Board”) on July 13, 2026.
Mr. Dugan brings more than four decades of leadership experience across the Appalachian energy industry, having served as a chief executive officer, chief operating officer and public company director. His background spans upstream operations, midstream infrastructure, capital allocation and strategic transactions, providing the Board with extensive operational and industry expertise.
“Tim is a highly respected executive in the Appalachian energy industry, with a proven track record of building high-quality businesses, creating shareholder value and leading organizations through periods of growth and strategic transformation,” said Zack Arnold, President and Chief Executive Officer of Infinity. “Having had the opportunity to work alongside Tim earlier in my career, I have seen firsthand his leadership, operational expertise and strategic judgment and look forward to working with him again. His decades of experience across our basin and thoughtful leadership will be invaluable as we continue executing our long-term strategy. We are pleased to welcome Tim to our Board.”
Mr. Dugan most recently served as President and Chief Executive Officer of Olympus Energy, where he led the company through its successful sale to EQT Corporation (NYSE: EQT). Previously, he served as Executive Vice President and Chief Operating Officer of CNX Resources Corporation (NYSE: CNX), where he also served as Chief Operating Officer and a director of CNX Midstream Partners LP.
Over a career spanning more than 40 years, Mr. Dugan has led large-scale upstream development programs, overseen midstream infrastructure and played a key role in strategic transactions across the Appalachian Basin. Earlier in his career, he held senior operational and engineering roles at Chesapeake Energy, Equitable Production Company and Cabot Oil & Gas Corporation. Mr. Dugan holds a Bachelor of Science degree in Chemical Engineering from the University of Pittsburgh.
About Infinity
Infinity (NYSE: INR) is a growth oriented, independent energy company focused on the acquisition, development, production and gathering of hydrocarbons in the Appalachian Basin. Our operations are focused on the Utica Shale in eastern Ohio as well as our stacked dry gas assets in both the Marcellus and Utica Shales in southwestern Pennsylvania.
Contacts
Thomas Marchetti
Vice President, Investor Relations
Infinity Natural Resources, Inc.
Email: ir@infinitynr.com
Source: Infinity Natural Resources, Inc.