The Board of Directors at Oklahoma City’s SandRidge Energy has added company President and CEO Carl Giesler, Jr. to the board.
In a filing made with the Securities and Exchange Commission, the company said Giesler’s term will end at the annual meeting of stockholders to be held in 2021.
“Mr. Giesler’s appointment was not pursuant to any arrangements or understandings between Mr. Giesler and the Company or any other person,” stated the filing. ” Mr. Giesler has no direct or indirect material interest in any transaction or series of similar transactions contemplated by Item 404(a) of Regulation S-K. As a non-independent Director, the Company will not compensate Mr.
Giesler for his services rendered as a member of the Board.”
The filing said Giesler will not receive a compensation for being a member of the board.
Giesler was named SandRidge’s new leader earlier this year. He previously had been CEO at Jones Energy, Inc. when it filed Chapter 11 bankruptcy in 2019 , then left the company in January 2020. He also had been a Corporate Controller at Miller Energy Resources, Inc. when it filed for Chapter 11 bankruptcy in 2015.
Click here to view SEC filing.