Amrace Inc (via PrimeEnergy Resources Corp) submitted a Form 144 notice for proposed sales of Common stock. The filing lists a 15,000-share block associated with J.P. Morgan Securities LLC and multiple actual sales earlier in 2026: 8,700 shares on 01/13/2026, 10,151 shares on 01/29/2026, 10,000 shares on 01/30/2026, and 1,149 shares on 02/05/2026, with dollar proceeds shown for each trade.
Clint Hurt reported proposed sales of PrimeEnergy Resources Corp common stock on Form 144 via RBC Capital Markets. The filing lists three sale entries dated 02/05/2026, 02/06/2026, and 02/09/2026 showing quantities and gross proceeds for each transaction. Sales were reported through an agent at RBC Capital Markets.
PrimeEnergy Resources Corporation is asking stockholders to elect five directors at its June 10, 2026 annual meeting, with no other specific proposals on the ballot. Only holders of its 1,618,000 shares of common stock as of April 23, 2026 may vote, one vote per share.
The board is majority independent, but Chairman and CEO Charles E. Drimal Jr. holds 57.14% of the common stock, and all directors and executive officers together hold 65.28% as of April 23, 2026, giving insiders effective voting control. The company highlights long-tenured leadership, including a combined Chairman/CEO role and independent Audit and Compensation Committees.
For 2025, the CEO received total compensation of $4,962,790 and the CFO received $2,757,553, each including salary, cash bonuses, and other benefits; no new equity awards were granted, and outstanding options remain fully exercisable at $1.00 or $1.25 per share with no expiration date. The proxy notes 2025 net income of $26,312,000 versus $55,404,000 in 2024 and $28,103,000 in 2023.
The Audit Committee reports that Grassi & Co. was dismissed as auditor on June 27, 2025 without disagreements or reportable events, and Withum Smith+Brown was engaged as the new independent registered public accounting firm for the 2025 fiscal year.
PRIMEENERGY RESOURCES CORP director Gifford Fong filed Amendment No. 1 to his Schedule 13D to report a reduction in his beneficial ownership after two voting agreements were terminated on April 22, 2026.
Fong now beneficially owns 54,364 common shares directly, representing about 3.4% of the company’s 1,618,000 shares outstanding as of April 10, 2026, with sole voting and dispositive power. Previously, he had additional voting power over shares held by Steven and Timothy Fong under voting agreements, but he had no economic interest in those shares. With those agreements terminated, he is no longer a beneficial owner of more than 5% of the stock and this amendment serves as his exit filing. The filing also states that he has no current plans for significant corporate actions or further share acquisitions or dispositions.
PrimeEnergy Resources Corporation is an independent oil and natural gas producer focused on horizontal drilling, primarily in the Midland Basin of West Texas and in Oklahoma. The company operates most of its 508 wells and emphasizes maintaining a strong balance sheet and liquidity.
From 2023 through 2025, PrimeEnergy invested roughly $305 million in horizontal development, largely targeting Wolfcamp and Spraberry intervals with multiple joint‑venture partners. Proved reserves were 28,388 MBOE as of December 31, 2025, mostly proved developed. Management highlights significant remaining drilling inventory and potential future investments in West Texas and Oklahoma.
The report also outlines extensive regulatory, environmental, commodity price, operational, cybersecurity and counterparty risks that could affect cash flow, reserve development and access to capital. PrimeEnergy uses hedging to manage price volatility but notes that low or volatile prices, cost inflation and tighter regulation could materially impact its business.
PrimeEnergy Resources Corp director Clint Hurt filed Amendment No. 5 to his Schedule 13D, updating his ownership and recent stock sales. He now beneficially owns 103,787 common shares, equal to 6.3% of the company’s outstanding stock based on 1,635,000 shares outstanding.
The filing shows 300 shares held directly and 103,487 shares held through Clint Hurt & Associates, Inc., which he controls, giving him sole voting and investment power over all reported shares. The amendment reports several open-market sales between $190.02 and $200.22 per share for personal investment purposes.
Hurt states he has no current plans for major corporate changes such as mergers, board changes, or significant asset sales, but reserves the right to buy or sell shares or engage in such transactions in the future.
PrimeEnergy Resources Corporation notified the SEC that it cannot timely file its Form 10-K for the year ended December 31, 2025 because certain data required to complete the report was not available. The company expects to file the Form 10-K on or before the 15th calendar day following the prescribed due date and disclosed it expects a significant decrease in consolidated results primarily due to lower oil prices.
PrimeEnergy Resources Corporation entered into a Fifth Amendment to its senior secured revolving credit facility with Citibank and other lenders. Effective February 24, 2026, the borrowing base under the credit agreement was reaffirmed at $115.0 million as part of a scheduled redetermination.
The amendment adjusts certain terms of the existing Fourth Amended and Restated Credit Agreement but leaves the revolving commitments, collateral, financial covenants and maturity unchanged. As of December 31, 2025 and February 27, 2026, there were no borrowings outstanding, so the full $115.0 million remained available to the company.
PrimeEnergy Resources Corp’s Chairman and CEO, Charles E. Drimal Jr., filed Amendment No. 11 to update his beneficial ownership in the company’s common stock.
He reports beneficial ownership of 1,323,070 shares, which includes 520,644 shares he directly holds, 697,500 options with strike prices between $1.00 and $1.25 that are presently exercisable, and 104,926 shares over which he has sole voting power through voting agreements.
Based on 1,635,000 shares outstanding as of November 12, 2025 plus the 697,500 exercisable options, he may be deemed to beneficially own 56.7% of the outstanding shares. No shares were bought or sold; the amendment mainly reflects the termination of certain prior voting agreements and the execution of new agreements with Jan K. Smeets and the William Nygren Revocable Trust, effective through December 31, 2026. Drimal states he has no dispositive power or pecuniary interest in the shares covered by these voting agreements and no current plans for major corporate changes.