W&T Offshore raises CEO base salary to $1M
W&T Offshore, Inc. entered into a First Amendment to its Amended and Restated Employment Agreement with its Chief Executive Officer, President and Board Chairman, Tracy W. Krohn, effective August 5, 2026.
Rhea-AI Filing Summary
W&T Offshore, Inc. entered into a First Amendment to its Amended and Restated Employment Agreement with its Chief Executive Officer, President and Board Chairman, Tracy W. Krohn, effective August 5, 2026. The amendment addresses Mr. Krohn’s ongoing cash compensation.
Under the revised agreement, Mr. Krohn’s annual base salary will be no less than $1,000,000. This amount will be reviewed annually by the Board or a committee and may be increased from time to time, but it may not be reduced. All other material terms of his employment agreement remain unchanged.
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8-K Event Classification
Key Figures
Key Terms
First Amendment regulatory
Amended and Restated Employment Agreement financial
Inline XBRL technical
FAQ
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What change did W&T Offshore (WTI) make to its CEO’s employment agreement?
What is Tracy W. Krohn’s new minimum base salary at WTI?
When did W&T Offshore (WTI) approve the amendment to the CEO’s employment agreement?
Can W&T Offshore (WTI) reduce CEO Tracy Krohn’s base salary under the amended agreement?
Were other key terms of Tracy Krohn’s WTI employment agreement changed?
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