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  • Departure Of Cfo (new) — CFO Jeffrey Ritenour transitioned to Chief Corporate Development Officer as Shannon Young III became new CFO following merger.
NYSE: DVN DEVON ENERGY CORP/DE 8-K

Devon Energy completes + merger with Coterra, doubles authorized shares to 2B

Filed May 7, 2026 · Period ending May 7, 2026 · ~1 min read

Key Changes

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    Devon closed its merger with Coterra Energy on May 7, 2026, with each Coterra share converting to 0.70 Devon shares. The all-stock deal combines two major independent oil and gas producers into a larger energy company.

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    Board reconstituted to 11 directors: 6 from legacy Devon, 5 from legacy Coterra. Former Coterra CEO Thomas Jorden becomes non-executive Chair. Five previous Devon directors resigned.

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    Shannon Young III appointed CFO, replacing Jeffrey Ritenour who moved to Chief Corporate Development Officer. Young previously served as Coterra's CFO since July 2023.

2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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Source-verified from EDGAR · Narrative written by AI · Jun 1, 2026 · How we verify