Mach Natural Resources replaces board member after resignation
Francis Keating II steps down from board and committees
Mach Natural Resources disclosed the resignation of board member Francis A. Keating II, effective December 15, according to a filing with the U.S. Securities and Exchange Commission. Keating also served on the Audit Committee and the Conflicts Committee of the Board.
In its filing, the company emphasized that Keating’s departure did not stem from any disagreement with management or the Board regarding the Partnership’s operations, policies, or practices.
“Mr. Keating’s resignation was not because of any disagreement with management or the Board on any matter relating to the Partnership’s operations, policies or practices,” the company stated.
The filing did not cite any additional reasons for Keating’s resignation.
Board appoints Christopher J. Burn as replacement
Following Keating’s departure, the Board moved quickly to appoint Christopher J. Burn to fill the vacant board seat as well as positions on the Audit Committee and Conflicts Committee.
Burn has served as a consultant at Goshen Investments, LLC since July 2025. His professional background includes serving as Chief Investment Officer of The Diana Davis Spencer Foundation from November 2021 through June 2025. Prior to that role, Burn worked as a consultant at Goshen Investments from May 2021 to October 2021.
Background includes senior hedge fund experience
Earlier in his career, Burn held a senior leadership position as Global Head of Macro Research at Archegos Capital Management LLC from March 2018 to March 2021. His experience spans macroeconomic analysis, investment strategy, and institutional portfolio oversight.
The company’s filing outlines Burn’s professional history as part of the disclosure tied to his appointment to the Board and its committees.
Compensation and indemnification details disclosed
Mach Natural Resources confirmed that both the Partnership and its General Partner entered into their standard form of indemnification agreement with Burn. That agreement is consistent with the form filed in the Partnership’s Annual Report on Form 10-K for the year ended December 31, 2024.
Burn will receive compensation substantially in accordance with the Partnership’s non-employee director compensation policy, also detailed in the Annual Report. Under that program, Burn received an award of phantom units in the Partnership valued at $150,000.
The phantom units are scheduled to be issued January 1, 2026, and will vest in full on January 1, 2027, contingent upon Burn’s continuous service to the Partnership through the vesting date.