8-KItem 1.01 · Material AgreementItem 5.02 · Officer/Director ChangeItem 9.01 · Financial Statements
Diamondback Amends Stockholders Agreement, Revising Stephens Board Rights
Filed with the SEC on · Summarized by InvestorsBot
Diamondback Energy and SGF FANG Holdings, LP entered an amendment to their Stockholders Agreement that allows the Stephens Majority to designate two directors if Stephens Stockholders collectively own at least 10% but less than 25% of Diamondback’s outstanding shares. If ownership falls below 10%, the Stephens Majority will have no board-designation rights; the filing disclosed no financial terms.