Form 8-K · Current report
Expand Energy 8-K, filed Oct 19, 2026
- Filed
- CIK
- 0000895126
- Accession no.
- 0001104659-26-116739
Summary
Expand Energy appointed Daniel E. Brown, most recently president and CEO of Chord Energy, as its president and chief executive officer effective October 26, 2026, and named him to its board. Michael Wichterich, interim president and CEO since February 2026, will return to his role as non-executive chairman.
Key points
- Brown's annual base salary will be $1,000,000, with an annual cash bonus target of 125% of base salary and an annual long-term incentive award target of $8,750,000, split 30% in restricted stock units and 70% in performance share units.
- Brown will also receive a make-whole equity award of RSUs valued at $4,726,662 and PSUs valued at $10,925,584 to replace compensation forfeited at his prior employer.
- Michael Wichterich will cease serving as interim president and CEO but continue as chairman; the change was planned and not the result of any disagreement, and he receives no severance or transition payments beyond retaining a pro-rata portion of his 2026 long-term incentive award.
- Brown joins Expand Energy's board as of the effective date but has not been appointed to any board committees.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
- 7.01Regulation FD Disclosure
- 9.01Financial Statements and Exhibits
From the filing
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. The Board of Directors (the “Board”) of Expand Energy Corporation (the “Company”) has appointed Daniel E. Brown as the Company’s President and Chief Executive Officer, effective as of the commencement of his employment, which is anticipated to occur October 26, 2026 (the “Effective Date”). Mr. …
An excerpt of the text as filed with the SEC, cut for length.
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