Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On December 10, 2020, Goodrich Petroleum Corporation (the "Company") appointed
Kristen M. McWatters, the Company's Controller, as Senior Vice President, Chief
Financial Officer and Chief Accounting Officer effective December 17, 2020.
Ms. McWatters replaces Robert T. Barker who served as the Company's Senior Vice
President and Chief Financial Officer since January 2017 and is retiring
effective December 16, 2020. The Company announced Mr. Barker's notice of
retirement on September 25, 2020. His decision to retire was based on personal
reasons and not the result of any disagreement relating to our operations,
policies or practices.
In this role, Ms. McWatters will serve as the Company's principal financial
officer in addition to her other roles. Ms. McWatters will receive an annual
salary of $200,000, and she will be eligible for other usual and customary
benefits. Ms. McWatters is a Certified Public Accountant (CPA) who joined the
Company in 2017 and has been its Controller since March 2020. Prior to joining
the Company, Ms. McWatters served as Controller for Spark Energy, Inc., a
publicly traded independent retail energy services company, from 2015 to 2016
and their Senior Manager, Financial Reporting from 2014 to 2015. From 2011 to
2014, Ms. McWatters served in various positions with Southwestern Energy, a
publicly traded independent energy company, including Manager, Financial
Reporting from 2013 to 2014. From September 2008 to 2011, Ms. McWatters worked
for KPMG, LLP.
There are no arrangements or understandings between Ms. McWatters and any other
person pursuant to which she was selected as Chief Financial Officer, nor are
there any family relationships between Ms. McWatters and any of the Company's
directors or executive officers. There are no transactions between Ms. McWatters
and the Company that would be reportable under Item 404(a) of Regulation S-K
promulgated under the Securities Exchange Act of 1934, as amended.
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