UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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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.
In connection with a reorganization of certain management roles by Kosmos Energy Ltd. (the “Company”), Mr. Paul Nobel, the Company’s Senior Vice President and Chief Accounting Officer, ceased employment with the Company effective November 12, 2019. The Company’s reorganization and the departure of Mr. Nobel is not the result of any disagreement between Mr. Nobel and the Company on any matter relating to the Company’s operations, policies or practices.
Mr. Ronald Glass, currently the Company’s Controller, was appointed as Vice President and Chief Accounting Officer, effective as of November 12, 2019.
Mr. Glass, age 41, has served as the Company’s Controller since 2015. Prior to that, Mr. Glass served as the Company’s SEC Director since 2011. Mr. Glass worked in the Audit practice at KPMG for over nine years prior to joining the Company. Mr. Glass earned a Bachelor of Arts degree from Ouachita Baptist University and is a Certified Public Accountant. The selection of Mr. Glass to serve as the Company Vice President and Chief Accounting Officer was not made pursuant to any arrangement or understanding with respect to any other person. In addition, there are no family relationships between Mr. Glass and any director or other executive officer of the Company and there are no related persons transactions (within the meaning of Item 404(a) of Regulation S-K) involving Mr. Glass and the Company and/or its subsidiaries.
In connection with his appointment, Mr. Glass’s base salary was increased to $290,000 (from $255,674) and his target annual bonus was increased to 50% of his base salary (from 40%).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: November 14, 2019
| KOSMOS ENERGY LTD. | ||
| By: | /s/ Jason E. Doughty | |
| Jason E. Doughty | ||
| Senior Vice President, General Counsel and Corporate Secretary | ||