Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
On August 13, 2018, John D. Gibbons, Senior Vice President and Chief
Financial Officer, retired from W&T Offshore, Inc. (the Company). Mr. Gibbons, who also served as Principal Accounting Officer of the Company, had been with the Company since 2007. The Company agreed that Mr. Gibbons will
be entitled to payment of certain separation payments and benefits under his employment agreement. The Company appointed Janet Yang, Vice President, Corporate & Business Development of the Company, as the Companys acting Chief Financial
Officer and acting Principal Accounting Officer effective August 13, 2018.
Ms. Yang, 38, has over 15 years of finance,
investment and strategy experience in the energy industry. She joined the Company in 2008 as Finance Manager and in 2012 became Director, Strategic Planning & Analysis, a position she held until being appointed Vice President,
Corporate & Business Development in 2017. She will continue to serve in this position while serving as acting Chief Financial Officer and acting Principal Accounting Officer. Prior to joining the Company, Ms. Yang held positions in
research and investment analysis at BlackGold Capital Management in 2008, as an investment banker at Raymond James from 2004 to 2006 and as an energy trader at Allegheny Energy from 2002 to 2004. Ms. Yang received a B.A. in Economics from Rice
University and an M.B.A. with concentrations in Finance and Accounting from the University of Chicago Booth School of Business.
no family relationships between Ms. Yang and any director or executive officer of the Company, and the Company has not entered into any transactions with Ms. Yang that are reportable pursuant to Item 404(a) of Regulation S-K. Except as described above, there are no arrangements or understandings between Ms. Yang and any other persons pursuant to which she was selected as acting Chief Financial Officer.
Regulation FD Disclosure.
On August 13, 2018, the Company issued a press release announcing the foregoing management changes. A copy of that press release is
furnished as Exhibit 99.1 to this Current Report on Form 8-K.
Financial Statements and Exhibits.