Ronald J. Smith, Vice President and Chief Accounting Officer Announce Mutual Understanding with Respect to Separation from Alta Mesa Resources, Inc. and All Positions with Each of Affiliates, Including Alta Mesa Holdings GP, LLClc
July 08, 2019 at 05:01 pm EDT
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On July 2, 2019, Alta Mesa Resources, Inc. (the “Company”) and Ronald J. Smith, Vice President and Chief Accounting Officer, came to a mutual understanding with respect to Mr. Smith’s separation from the Company and all positions with each of the Company’s affiliates, including Alta Mesa Holdings GP, LLC, the general partner of Alta Mesa Holdings, LP, which will occur effective July 19, 2019. In connection with this understanding, a subsidiary of the Company entered into a separation agreement with Mr. Smith that provides he will receive the following: 1. a pro-rated “target” annual bonus for 2019, in the amount of $96,164; 2. a lump sum equal to 12 months base salary and 1.0 times his 2019 target annual bonus; . full accelerated vesting of all company equity awards that are subject to time-based vesting and accelerated vesting of any company equity awards that are subject to performance-based vesting at the target level of performance; 4. $20,000 for outplacement services; and
5. up to eighteen months of company-funded cobra coverage.
Alta Mesa Resources, Inc. is a United Staes-based oil and gas exploration company. The Company is an independent exploration and production company focused on the development of unconventional onshore oil and natural gas reserves in the eastern portion of the Anadarko Basin in Oklahoma. The Company operate in two reportable business segments - Upstream and Midstream.
Ronald J. Smith, Vice President and Chief Accounting Officer Announce Mutual Understanding with Respect to Separation from Alta Mesa Resources, Inc. and All Positions with Each of Affiliates, Including Alta Mesa Holdings GP, LLClc
ALTA MESA RESOURCES, INC. 
