{"url_path":"/sec/dec/8-k/2026-05-21/item-5-02","section_key":"item-5-02","section_title":"Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-05-21","source_url":"https://www.sec.gov/Archives/edgar/data/1922446/0001922446-26-000053-index.html","accession_number":"0001922446-26-000053","cik":"0001922446","ticker":"DEC","issuer_name":"Diversified Energy Co","edgar_url":"https://www.sec.gov/Archives/edgar/data/1922446/0001922446-26-000053-index.html","primary_entity_key":"0001922446","primary_entity_name":"Diversified Energy Co"},"word_count":423,"has_tables":true,"body_markdown":"Item 5.02\n\nDeparture of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers\n\nOn May 20, 2026, the Board of Directors (the “Board”) of Diversified Energy Company (the “Company”) appointed Kirk Oliver to the Board and to the Audit and Risk Committee and the Sustainability and Safety Committee of the Board, in each case effective May 21, 2026. In connection with such appointment, the size of the full Board was increased from five to six directors.\n\nMr. Oliver brings nearly twenty years of experience as the CFO of publicly traded energy companies, with deep experience in capital markets, mergers and acquisitions, corporate restructurings, and risk management. He most recently served as Executive Vice President and Chief Financial Officer of Equitrans Midstream Corporation, a publicly traded natural gas midstream company (“Equitrans”), from September 2018 until July 2024, where he built and led the company’s finance organization and was responsible for its accounting, financial planning and analysis, treasury, tax, investor relations, and risk management functions. Prior to joining Equitrans, Mr. Oliver served as Chief Financial Officer of UGI Corporation from October 2012 to May 2018, where he had broad responsibility for financial operations, capital allocation, investor relations, and risk management. Mr. Oliver has also held senior executive and financial leadership positions at Allegheny Energy, Inc., TXU Corp. and Hunt Power, L.L.C. Earlier in his career, Mr. Oliver worked in investment banking at Lehman Brothers in its Global Power & Energy Group. Mr. Oliver holds a Bachelor of Science degree in Electrical Engineering from Lawrence Technological University and a Master of Business Administration from the University of Chicago Booth School of Business.\n\nIn connection with his appointment to the Board, Mr. Oliver entered into the Company’s standard form of indemnification agreement, the form of which has been filed as Exhibit 10.11 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2025. Mr. Oliver will also receive compensation for services as a non-employee director of the Company consistent with the compensation generally provided to other non-employee directors of the Company, as disclosed in the Company’s 2026 proxy statement, which was filed with the Securities and Exchange Commission on March 24, 2026, including a pro-rated annual equity grant.\n\nThere are no arrangements or understandings between Mr. Oliver and any other person pursuant to which he was selected as a director, and there are no transactions involving the Company and Mr. Oliver that the Company would be required to report pursuant to Item 404(a) of Regulation S-K."}