On April 3, 2026, Battalion Oil Corporation filed a Form 8-K with the SEC, detailing significant changes in its Board of Directors. The filing disclosed that David Chang has resigned from the Board, effective March 31, 2026. Chang's resignation includes his position as Chairman of the Compensation Committee and a member of the Reserves Committee. Importantly, he stated that his departure was not due to any disagreements regarding the company's operations or policies. Additionally, Ajay Jegadeesan also tendered his resignation from the Board on the same date, stepping down from the Reserves and Nominating & Corporate Governance Committees. Similar to Chang, Jegadeesan clarified that his resignation was not a result of any disagreements with the company. The Board expressed gratitude for the contributions of both members during their tenure. Following these resignations, the Board has decided to reduce its size to four members and is currently evaluating potential candidates to enhance its independence and governance profile. This move may impact the company's governance structure and could lead to changes in strategic direction as new members are appointed. The company aims to ensure that the new appointments align with applicable securities exchange listing standards and SEC rules, thereby reinforcing its commitment to strong governance practices.

Press Release distribution

National Press Distribution across U.S. Media. Direct Access to Key Decision Making Editors.