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- Related Party (new) — A family member of the newly appointed director has been employed by the company since 2024 with total 2025 compensation of approximately $347,367.
Infinity Natural Resources appoints Timothy Dugan to Board, discloses family member employment
Filed July 15, 2026 · Period ending July 13, 2026 · ~1 min read
Key Changes
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Timothy Dugan appointed to Board effective July 13, 2026, filling a current vacancy. Dugan served as CEO of Olympus Energy (2020-2025), leading its sale to EQT Corporation, and previously as EVP and COO of CNX Resources (2014-2019).
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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An immediate family member of Dugan has been employed by the company in the land department since 2024, receiving total 2025 compensation of approximately $347,367 (base salary, bonus, and equity).
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Dugan brings over 40 years of Appalachian Basin experience spanning upstream operations, midstream infrastructure, capital allocation, and strategic transactions. The Board determined he is independent under NYSE listing standards.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
Summary
Infinity Natural Resources appointed Timothy Dugan to its Board of Directors on July 13, 2026, filling a current vacancy. Dugan brings significant Appalachian Basin expertise, having served as CEO of Olympus Energy from 2020 to 2025, where he led the company's sale to EQT Corporation. He previously held executive roles at CNX Resources Corporation (2014-2019), including EVP and COO.
The Board determined Dugan is independent under NYSE listing standards. The filing discloses a related party matter: an immediate family member of Dugan has been employed by Infinity in the land department since 2024, receiving total 2025 compensation of approximately $347,367 (base salary, bonus, and equity).
While the family member's employment predates Dugan's board appointment, the relationship creates a potential conflict of interest that warrants monitoring. The disclosure is required under Regulation S-K Item 404(a) and provides transparency, but investors should watch for any changes to the family member's compensation or role following Dugan's appointment.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On July 13, 2026, the Board of Directors (the “Board”) of Infinity Natural Resources, Inc. (the “Company”) appointed Timothy Dugan to the Board, effective immediately, to fill a current vacancy on the Board and to serve for an initial term expiring at the 2027 Annual Meeting of Stockholders of the Company.
The Board appointed Timothy Dugan as a new director effective July 13, 2026, filling a current vacancy. He will serve until the 2027 Annual Meeting of Stockholders. The Board determined Mr. Dugan is independent under NYSE listing standards and SEC Rule 10A-3.
Added in current filing · verify on EDGAR →
Mr. Dugan served as President and Chief Executive Officer of Olympus Energy, an Appalachian exploration and production company, from January 2020 to July 2025 where he guided the company’s sale to EQT Corporation (NYSE: EQT). Previously, Mr. Dugan served as Executive Vice President and Chief Operating Officer of CNX Resources Corporation (NYSE: CNX), an independent natural gas exploration, development and production company with primary operations in the Appalachian Basin, from January 2014 to December 2019, where he also served as Chief Operating Officer and a board member of CNX Midstream Partners LP.
Mr. Dugan brings significant industry experience, having served as CEO of Olympus Energy from 2020 to 2025 where he led the company's sale to EQT Corporation. He previously held executive roles at CNX Resources Corporation from 2014 to 2019, including Executive Vice President and Chief Operating Officer, and also served on the board of CNX Midstream Partners LP. The filing notes he brings extensive executive leadership experience in oil and gas, deep Appalachian Basin expertise, and significant midstream infrastructure experience.
Event · Item 7.01 — Regulation FD Disclosure
Item 7.01 — Regulation FD Disclosure filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On July 15, 2026, the Company issued a press release announcing Mr. Dugan’s appointment to the Board.
The company appointed Mr. Dugan to its Board of Directors. The 8-K references a press release (Exhibit 99.1) with details of the appointment, but the filing body itself does not disclose Mr. Dugan's background, committee assignments, or compensation terms.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Infinity Natural Resources, Inc. (“Infinity” or the “Company”) (NYSE: INR) today announced the appointment of Timothy Dugan to its Board of Directors (the “Board”) on July 13, 2026.
The company appointed Timothy Dugan to its Board of Directors effective July 13, 2026. Dugan brings over 40 years of Appalachian energy industry experience, having served as CEO of Olympus Energy (which he led through its sale to EQT Corporation) and as Executive Vice President and COO of CNX Resources Corporation. His background spans upstream operations, midstream infrastructure, capital allocation and strategic transactions across the Appalachian Basin.
Added in current filing · view on EDGAR →
Mr. Dugan brings more than four decades of leadership experience across the Appalachian energy industry, having served as a chief executive officer, chief operating officer and public company director. His background spans upstream operations, midstream infrastructure, capital allocation and strategic transactions, providing the Board with extensive operational and industry expertise.
Dugan's appointment adds significant operational and industry expertise to the Board. His four decades of experience include leadership roles at multiple Appalachian energy companies, with expertise in upstream development, midstream infrastructure, and strategic transactions. CEO Zack Arnold noted he had worked with Dugan earlier in his career and praised his leadership, operational expertise and strategic judgment.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 21, 2026 · How we verify