UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Emerging growth company
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Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Appointment of Director
On January 1, 2020, the Board of Directors (the “Board”) of Gulfport Energy Corporation (“Gulfport”) appointed Alvin Bledsoe as a member of the Board. The Board also appointed Mr. Bledsoe to serve as chair of the Audit Committee and a member of the Compensation Committee.
Mr. Bledsoe will receive an inducement grant of restricted stock with an aggregate value of approximately $25,000 and an annual grant of restricted stock units with an aggregate value of $175,000. Mr. Bledsoe will also receive annual cash compensation totaling $105,000 for chairing the Audit Committee and his Board service.
In connection with his appointment, Gulfport and Mr. Bledsoe will enter into Gulfport’s standard indemnity agreement for directors.
Mr. Bledsoe is not related to any officer or director of Gulfport. There are no transactions or relationships between Mr. Bledsoe and Gulfport that would be required to be reported under Item 404(a) of Regulation S-K.
SIGNATURE
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 thereunto duly authorized.
GULFPORT ENERGY CORPORATION | ||||||
Date: January 2, 2020 |
By: |
/s/ Patrick K. Craine | ||||
Patrick K. Craine | ||||||
General Counsel and Corporate Secretary |