SM Energy Co
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
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Item 9B. Other Information
As part of its regular, annual evaluation of peer compensation practices, the Compensation Committee of the Board of Directors determined that changes were necessary for the Change of Control Executive Severance Agreement for the Company’s Senior Vice Presidents, Executive Vice Presidents, and CEO. The Board of Directors approved these recommended changes, and on February 21, 2024, the Company’s Senior Vice Presidents, Executive Vice Presidents, and CEO each executed a new Change of Control Executive Severance Agreement, the template of which is filed as Exhibit 10.16 to this report.
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