Magnolia Oil & Gas (MGY) has released an update to notify the public and investors about its officers.
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Magnolia Oil & Gas Corporation has expanded its board, appointing David Khani as the new independent director, set to serve until the 2024 annual stockholders’ meeting. Khani, fulfilling the independence criteria of the New York Stock Exchange, will also join the Audit Committee. He will receive a prorated cash compensation similar to other non-employee directors and an initial equity award worth approximately $165,000, prorated for the current board term. His selection was based solely on merit, with no familial or undisclosed financial ties influencing the decision.
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For a comprehensive understanding of the announcement, you can read the full document here.
