11 Oct 2024listing compliance notice▼ BadMajor
SOUTHWESTERN ENERGY CO deregistered its securities, ending its obligation to file reports with the SEC.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
1 Oct 2024securities registration● Neutral
SOUTHWESTERN ENERGY CO amended its automatic shelf registration statement.
1 Oct 2024listing compliance notice● NeutralMajor
SOUTHWESTERN ENERGY CO's exchange filed to remove a class of its securities from listing.
1 Oct 2024director interest notice● Neutral
SOUTHWESTERN ENERGY CO officer Christopher W Lacy acquired 65,250 shares and disposed of 664,890 in a set of related equity transactions.
1 Oct 2024business combination● NeutralMajor
The Chesapeake merger signed Jan 10, 2024 closed on Oct 1, 2024: each Southwestern share was converted into 0.0867 Chesapeake shares (cash for fractions), and Southwestern was merged into Chesapeake, which renamed itself Expand Energy (ticker EXE from Oct 2). Southwestern's stock stopped trading after Sept 30, 2024 and the NYSE filed to delist it; its JPMorgan credit agreement was terminated and paid off in full. Stock options were cancelled with no payment, while restricted stock and director units converted to Chesapeake shares at the same ratio and 2022 Plan awards became Chesapeake restricted stock units.
1 Aug 2024quarterly activities report▼ Bad
SOUTHWESTERN ENERGY CO reported quarterly revenue of $1083.0 million and a net loss of $608.0 million for the period ended 2024-06-30.
1 Aug 2024quarterly activities report▼ Bad
SOUTHWESTERN ENERGY CO reported quarterly revenue of $1083.0 million and a net loss of $608.0 million for the period ended 2024-06-30.
7 June 2024business combination● Neutral
The S-4 became effective May 17, 2024 and the joint proxy was mailed around then. Since the deal was signed, Southwestern has received seven shareholder demand letters and one books-and-records demand, and three complaints were filed in New York Supreme Court over alleged omissions in the proxy. Southwestern calls the claims without merit but is adding disclosures anyway to head off delay, including more detail on talks with other potential counterparties (Company B and Company C) and a $3.0 million contingent BofA Securities advisory fee.
28 May 2024director interest notice● Neutral
SOUTHWESTERN ENERGY CO director Jon A Marshall received 27,360 shares as part of the equity award.
28 May 2024director interest notice● Neutral
SOUTHWESTERN ENERGY CO director John D Gass received a stock option grant for 27,360 shares.
28 May 2024director interest notice● Neutral
SOUTHWESTERN ENERGY CO director S P Johnson IV received 27,360 shares as part of the equity award.
28 May 2024director interest notice● Neutral
SOUTHWESTERN ENERGY CO director Shameek Konar received 27,360 shares as part of the equity award.
28 May 2024director interest notice● Neutral
SOUTHWESTERN ENERGY CO director Gregory D Kerley received 27,360 shares as part of the equity award.
28 May 2024director interest notice● Neutral
SOUTHWESTERN ENERGY CO director Anne Taylor received a stock option grant for 27,360 shares.
28 May 2024director interest notice● Neutral
SOUTHWESTERN ENERGY CO director Patrick M. Prevost received a stock option grant for 27,360 shares.
28 May 2024director interest notice● Neutral
SOUTHWESTERN ENERGY CO director Catherine A Kehr received 27,360 shares as part of the equity award.
28 May 2024director interest notice● Neutral
SOUTHWESTERN ENERGY CO director Denis Walsh III received a stock option grant for 27,360 shares.
20 May 2024business combination● NeutralMajor
This is the definitive joint proxy statement/prospectus asking Southwestern and Chesapeake shareholders to vote on the merger. It repeats the terms: 0.0867 Chesapeake share per Southwestern share, with Southwestern surviving briefly and then merging into a Chesapeake subsidiary. The Chesapeake special meeting is set for June 18, 2024 (record date April 22, 2024); the Southwestern meeting details are cut off in the text shown.
2 May 2024quarterly activities report▼ Bad
SOUTHWESTERN ENERGY CO reported quarterly revenue of $1417.0 million and a net loss of $1535.0 million for the period ended 2024-03-31.
2 May 2024quarterly activities report▼ Bad
SOUTHWESTERN ENERGY CO reported quarterly revenue of $1417.0 million and a net loss of $1535.0 million for the period ended 2024-03-31.
5 Apr 2024business combination▼ BadMajor
On April 4, 2024 the FTC sent both Southwestern and Chesapeake a Second Request for more information, which extends the antitrust waiting period until 30 days after both have substantially complied. The companies now expect the merger to close in the second half of 2024. This is a regulatory delay to the pending Chesapeake deal; the filing does not say the deal is blocked.
13 Mar 2024director interest notice● Neutral
SOUTHWESTERN ENERGY CO SVP and Division Head Andrew T Huggins exercised stock options for 11,313 shares and disposed of 14,068 shares.
27 Feb 2024director interest notice● Neutral
SOUTHWESTERN ENERGY CO Executive Vice President & COO Clayton A. Carrell exercised stock options for 230,577 shares and disposed of 321,310 shares.
27 Feb 2024director interest notice● Neutral
SOUTHWESTERN ENERGY CO SVP - Operations Services William Q Dyson exercised stock options for 50,443 shares and disposed of 62,727 shares.
27 Feb 2024director interest notice● Neutral
SOUTHWESTERN ENERGY CO SVP and Division Head John P Kelly exercised stock options for 50,443 shares and disposed of 62,727 shares.
27 Feb 2024director interest notice● Neutral
SOUTHWESTERN ENERGY CO SVP - General Counsel Christopher W Lacy exercised stock options for 19,087 shares and disposed of 23,735 shares.
27 Feb 2024director interest notice● Neutral
SOUTHWESTERN ENERGY CO President and CEO William J Way exercised stock options for 486,374 shares and disposed of 677,763 shares.
27 Feb 2024director interest notice● Neutral
SOUTHWESTERN ENERGY CO SVP, Human Resources and Admin Carina L Gillenwater exercised stock options for 27,302 shares and disposed of 33,951 shares.
27 Feb 2024director interest notice● Neutral
SOUTHWESTERN ENERGY CO Executive Vice President & CFO Carl Fredrick Giesler disposed of 14,497 shares via option/appreciation-right settlement.
27 Feb 2024director interest notice● Neutral
SOUTHWESTERN ENERGY CO SVP and Division Head Andrew T Huggins exercised stock options for 33,621 shares and disposed of 41,809 shares.