Bobby Saadati joins Riley Permian (NYSE: REPX) board as independent director

Rhea-AI Filing Summary

Riley Exploration Permian, Inc. has appointed Bobby Saadati as an independent member of its board of directors, effective February 4, 2026, to fill a newly created seat with an initial term running until the 2026 annual stockholders’ meeting.

Saadati will receive an annual cash retainer of $120,000, paid quarterly and prorated for partial service, plus $200,000 in restricted stock based on the closing price of the company’s shares before his agreement date, vesting after one year of continued service. He also entered into an indemnification agreement under Delaware law, and the company issued a press release highlighting his extensive oil and gas leadership background, including roles at IKAV Energy USA, Aera Energy, California Resources Corporation, Devon Energy, Jefferies and BP.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

(Amendment No. 1)

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 4, 2026

Riley Exploration Permian, Inc.

(Exact name of registrant as specified in its charter)

Delaware			1-15555			87-0267438
(State or other jurisdiction of incorporation)			(Commission File Number)			(IRS Employer Identification No.)

29 E. Reno Avenue, Suite 500

Oklahoma City, Oklahoma 73104

Address of Principal Executive Offices, Including Zip Code)

405-415-8699

(Registrant’s Telephone Number, Including Area Code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o			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

Common Stock, par value $0.001 per share

REPX

NYSE American

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 o

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 Principal Officers; Election of Directors; Appointment of Principal Officers

Appointment of New Director

Effective as of February 4, 2026, the Board of Directors (the “Board”) of Riley Exploration Permian, Inc. (the "Company"), appointed Bobby Saadati as an independent member to fill a newly-created directorship. Mr. Saadati will have an initial term expiring at the Company’s 2026 Annual Meeting of Stockholders, at which time he will stand for election by the Company’s stockholders. The Board has determined that Mr. Saadati is an “independent director” as such term is defined under the NYSE American Company Guide.

Mr. Saadati was not appointed to the Board pursuant to any arrangement or understanding with any other person, and there are no current or proposed transactions between the Company and Mr. Saadati or his immediate family members which would require disclosure under Item 404(a) of Regulation S-K promulgated by the Securities and Exchange Commission.

Mr. Saadati entered into an independent director agreement with the Company on February 4, 2026. Pursuant to the independent director agreement, Mr. Saadati will receive (i) an annual cash retainer of $120,000, payable quarterly in arrears and prorated for any partial year of service and (ii) $200,000 paid in restricted stock based on the closing price of the Company’s common stock on the last trading day prior to the effective date of his independent director agreement and prorated for any partial year of service. The restricted stock will be granted pursuant to a restricted stock award agreement under the Company’s Amended and Restated 2021 Long Term Incentive Plan that will vest on the one-year anniversary of the grant date, subject to continued service through the vesting date.

Mr. Saadati also entered into an indemnification agreement with the Company on February 4, 2026. This agreement will require the Company to indemnify Mr. Saadati to the fullest extent permitted under Delaware law against liability that may arise by reason of his service as a director of the Company, and to advance expenses incurred as a result of any proceeding against him as to which he could be indemnified.

The foregoing description of the indemnification agreement for Mr. Saadati contained herein does not purport to be complete and is qualified in its entirety by reference thereto, which is attached hereto as Exhibit 10.1 and incorporated herein by reference.

Item 7.01 Regulation FD Disclosure.

On February 6, 2026, the Company issued a press release announcing the appointment of Mr. Saadati as director. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated into this Item 7.01 by reference.

The information in this Item 7.01 and in Exhibit 99.1 attached hereto is intended to be furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing 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 No.			Description
10.1			Form of Indemnification Agreement (incorporated by reference from Exhibit 10.14 to the Registrant’s Registration Statement on Form S-4/A, as filed with the Securities and Exchange Commission on January 21, 2021, Registration No. 333-250019).
99.1			Press Release dated February 6, 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.

						RILEY EXPLORATION PERMIAN, INC.
Date:			February 6, 2026			By:			/s/ Philip Riley
									Philip Riley
									Chief Financial Officer and Executive Vice President of Strategy

Riley Permian Names Bobby Saadati to Board of Directors Oklahoma City, OK – February 6, 2026 /PRNewswire/ – Riley Exploration Permian, Inc. (NYSE American: REPX) (“Riley Permian” or the “Company”), today announced that Bobby Saadati has been named as an independent member of its board of directors, effective February 4, 2026. Bobby Saadati is a senior executive within the oil and gas industry, with a background spanning energy investing, operations, mergers and acquisitions, and corporate strategy. His executive experience includes overseeing numerous acquisitions and strategic transactions, as well as managing an extensive portfolio of producing assets and gas processing plants. Saadati has served as CEO of IKAV Energy USA since May 2020, leading the firm’s North American platform. Previously, he served as Chairman of the board at Aera Energy and as a member of the board of directors of California Resources Corporation (CRC). He held prior leadership roles at Devon Energy, Jefferies and BP. Saadati holds a B.A. in political science from the University of California, San Diego, a J.D. from Trinity Law School, and an M.B.A. from the University of Chicago. “We are very pleased to welcome Bobby Saadati to our board of directors”, said Riley Permian’s Chairman and CEO, Bobby Riley. “Mr. Saadati brings a very successful and diverse track record. His expertise and operational leadership will add value and strengthen our existing board of directors. Bobby’s insight and strategic guidance will add to our work to create and enhance long- term shareholder value.” About Riley Exploration Permian, Inc. Riley Permian is a growth-oriented upstream oil and gas company operating in Texas and New Mexico with infrastructure projects that complement our operations. For more information, please visit www.rileypermian.com. Investor Contact: 405-438-0126 IR@rileypermian.com

FAQ

What did Riley Exploration Permian (REPX) announce in this 8-K amendment?

Riley Exploration Permian appointed Bobby Saadati as an independent director, effective February 4, 2026. The filing details his board term, cash and equity compensation, indemnification agreement, and refers to a press release outlining his extensive oil and gas industry experience and prior leadership roles.

What is Bobby Saadati’s role on Riley Exploration Permian’s (REPX) board?

Bobby Saadati has been named an independent member of Riley Exploration Permian’s board of directors. He fills a newly created directorship with an initial term expiring at the company’s 2026 annual meeting, when he is expected to stand for election by stockholders.

How will Riley Exploration Permian (REPX) compensate new director Bobby Saadati?

Bobby Saadati will receive a $120,000 annual cash retainer, paid quarterly and prorated for partial service. He will also receive $200,000 in restricted stock, valued using the stock’s closing price before his agreement date, vesting after one year of continued board service.

What are the terms of Bobby Saadati’s restricted stock from Riley Exploration Permian (REPX)?

Saadati will be granted $200,000 in restricted stock under the Amended and Restated 2021 Long Term Incentive Plan. The award will vest on the one-year anniversary of the grant date, provided he continues serving as a director through that vesting date, and is prorated for partial service.

Does Riley Exploration Permian (REPX) treat Bobby Saadati as an independent director?

Yes. The board determined that Bobby Saadati qualifies as an independent director under the NYSE American Company Guide. The filing also states there are no related-party transactions with him or his immediate family requiring disclosure under Item 404(a) of Regulation S-K.

What indemnification protections did Riley Exploration Permian (REPX) grant to Bobby Saadati?

Riley Exploration Permian entered into an indemnification agreement with Saadati requiring the company to indemnify him to the fullest extent permitted under Delaware law. It also obligates the company to advance expenses for covered proceedings arising from his service as a director.

What is Bobby Saadati’s background relevant to his board role at Riley Exploration Permian (REPX)?

Saadati is a senior oil and gas executive with experience in energy investing, operations, M&A and strategy. He has led IKAV Energy USA, chaired Aera Energy’s board, served on California Resources Corporation’s board, and held leadership roles at Devon Energy, Jefferies and BP.