W&T Offshore Inc.
08/07/2026 | Press release | Distributed by Public on 08/07/2026 14:57
Management Change/Compensation (Form 8-K)
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 5, 2026, W&T Offshore, Inc. (the "Company") entered into a First Amendment (the "Amendment") to that certain Amended and Restated Employment Agreement, effective as of April 20, 2023 (the "Employment Agreement"), with Tracy W. Krohn, the Company's Chief Executive Officer and President and Chairman of the Board of Directors of the Company (the "Board").
Pursuant to the Amendment, Mr. Krohn's annual base salary will be no less than $1,000,000, which will be reviewed annually by the Board (or a committee thereof) and may be increased from time to time, but may not be decreased.
Other than the amendment described above, the material terms of the Employment Agreement have not been modified.
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