14 Sept 2016director interest notice● Neutral
Erin Energy Corp. SVP & CFO Daniel Ogbonna had 6,162 shares withheld for taxes on vesting stock.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
19 Aug 2016director interest notice● Neutral
Erin Energy Corp. Chief Executive Officer Segun Omidele exercised stock options for 217,638 shares and disposed of 399,328 shares.
12 Aug 2016quarterly activities report▼ Bad
Erin Energy Corp. reported a quarterly net loss of $22.6 million for the period ended 2016-06-30.
10 Aug 2016director interest notice● Neutral
Erin Energy Corp. Chief Executive Officer Segun Omidele exercised stock options for 10,000 shares and disposed of 20,000 shares.
10 Aug 2016director interest notice● Neutral
Erin Energy Corp. Chief Executive Officer Segun Omidele exercised stock options for 10,000 shares and disposed of 20,000 shares.
10 Aug 2016director interest notice● Neutral
Erin Energy Corp. Chief Executive Officer Segun Omidele exercised stock options for 10,000 shares and disposed of 20,000 shares.
8 Aug 2016quarterly activities report▼ Bad
Erin Energy Corp. reported a quarterly net loss of $22.6 million for the period ended 2016-06-30.
5 Aug 2016director interest notice● Neutral
Erin Energy Corp. Chief Executive Officer Segun Omidele exercised stock options for 10,000 shares and disposed of 20,000 shares.
5 Aug 2016director interest notice● Neutral
Erin Energy Corp. Chief Executive Officer Segun Omidele exercised stock options for 20,000 shares and disposed of 40,000 shares.
3 Aug 2016director interest notice● Neutral
Erin Energy Corp. Chief Executive Officer Segun Omidele exercised stock options for 9,900 shares and disposed of 19,800 shares.
3 Aug 2016director interest notice● Neutral
Erin Energy Corp. Chief Executive Officer Segun Omidele exercised stock options for 10,100 shares and disposed of 20,200 shares.
19 July 2016director interest notice● Neutral
Erin Energy Corp. Chief Executive Officer Segun Omidele exercised stock options for 16,602 shares and disposed of 33,204 shares.
10 June 2016director interest notice● Neutral
Erin Energy Corp. Chief Executive Officer Segun Omidele exercised stock options for 10,300 shares and disposed of 20,600 shares.
6 June 2016director interest notice● Neutral
Erin Energy Corp. Chief Executive Officer Segun Omidele exercised stock options for 100 shares and disposed of 12,257 shares.
2 June 2016director interest notice● Neutral
Erin Energy Corp. SVP and Chief Admin Officer Heidi Wong had 5,261 shares withheld for taxes on vesting stock.
2 June 2016director interest notice● Neutral
Erin Energy Corp. Chief Executive Officer Segun Omidele disposed of 12,157 shares via option/appreciation-right settlement.
27 May 2016director interest notice● Neutral
Erin Energy Corp. director John Michael Stinson received 53,333 shares as part of the equity award.
27 May 2016director interest notice● Neutral
Erin Energy Corp. director John Hofmeister received 106,666 shares as part of the equity award.
27 May 2016director interest notice● Neutral
Erin Energy Corp. director William Jefferson Campbell received 53,333 shares as part of the equity award.
27 May 2016director interest notice● Neutral
Erin Energy Corp. 10%+ owner Kase Lukman Lawal received 81,762 shares as an equity award and bought 42,000 shares on the open market.
27 May 2016director interest notice● Neutral
Erin Energy Corp. director Ira Wayne Mcconnell received 53,333 shares as part of the equity award.
27 May 2016director interest notice● Neutral
Erin Energy Corp. director Dudu Hlatshwayo received 53,333 shares as part of the equity award.
27 May 2016director interest notice● Neutral
John Michael Stinson became a Erin Energy Corp. director and company insider (initial ownership filing).
27 May 2016director interest notice● Neutral
Erin Energy Corp. director Lee Patrick Brown received 53,333 shares as part of the equity award.
16 May 2016quarterly activities report▼ Bad
Erin Energy Corp. reported a quarterly net loss of $32.4 million for the period ended 2016-03-31.
13 May 2016auditor change● Neutral
An amendment to the May 3 auditor-change filing: it confirms Grant Thornton finished its work once the Q1 2016 10-Q was filed on May 10, 2016. The rest repeats the earlier filing (going-concern paragraph in the 2015 audit report, no disagreements, PKF appointed). The exhibit date appears in brackets, so the letter dates look unfinalised.
10 May 2016quarterly activities report▼ Bad
Erin Energy Corp. reported a quarterly net loss of $32.4 million for the period ended 2016-03-31.
3 May 2016auditor change▼ BadMajor
Grant Thornton, auditor since 2012 (it replaced RBSM), told the company on April 27, 2016 it would not stand for reappointment for 2016. The Audit Committee appointed Pannell Kerr Forster of Texas as the new auditor. Grant Thornton's 2015 audit report included a going-concern doubt paragraph, and the filing reports no disagreements with it. It also notes the 2014 material weakness, which the company says was fixed before year-end 2014, resolving the thread opened by the June 2014 restatement.
29 Apr 2016agm notice● Neutral
Erin Energy Corp. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
5 Apr 2016material agreement▼ BadMajor
Erin's Nigerian subsidiary EPNL got a waiver from Zenith Bank deferring for 90 days the principal payment due March 31, 2016 on the Zenith term loan. The filing also says Zenith had agreed to waive the Debt Service Reserve Account funding requirement until December 31, 2016. The company needed lender relief on this loan, which started with the Sept 2014 facility; the filing does not say what happens after the 90 days.