Sitio Royalties Corp. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
$STR
Oil & Gas Production
Energy
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): February 27, 2025
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 27, 2025, Dawn Smajstrla ceased to serve as Chief Accounting Officer of Sitio Royalties Corp. (the “Company”). Ms. Smajstrla’s departure is not the result of any disagreement with the Company on any matter relating to the Company’s financials, operations, policies, or practices. Until a successor is appointed by the Company, Carrie Osicka, the Company’s Chief Financial Officer, has assumed the responsibilities of the Company’s principal accounting officer, effective as of February 27, 2025. Ms. Osicka’s compensation will not change in connection with her increased responsibilities. Ms. Osicka’s biography and other information required by Item 5.02(c) of Form 8-K are included in the Company’s Schedule 14A filed with the SEC on March 29, 2024, and such information is incorporated herein by reference.
We intend to enter into a separation agreement with Ms. Smajstrla that will provide her with the separation benefits to which she is entitled under the Sitio Royalties Corp. Amended & Restated Severance Plan effective as of August 6, 2024, as amended (the “Severance Plan”), given that Ms. Smajstrla’s cessation of service constituted a “Qualifying Termination” (as defined in the Severance Plan), subject to Ms. Smajstrla’s executing and returning (and not revoking in the time provided to do so) a general release of claims. The Severance Plan was previously filed as Exhibit 10.5 to the Company’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2024.
Item 9.01 Financial Statements and Exhibits.
(d)Exhibits.
Exhibit Number | Description | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Sitio Royalties Corp. | |||||||||||
| Date: | February 28, 2025 | By: | /s/ Brett S. Riesenfeld | ||||||||
| Name: | Brett S. Riesenfeld | ||||||||||
| Title: | Executive Vice President, | ||||||||||
| General Counsel and Secretary | |||||||||||