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Get filing alertsPrairie Operating appoints Jennifer Grigsby to Board; Stephen Lee steps down
Filed July 22, 2026 · Period ending July 21, 2026 · ~1 min read
Key Changes
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Jennifer Grigsby elected to Board, filling vacancy from Stephen Lee's resignation; expected to chair Compensation Committee and serve on Audit and Nominating & Governance committees.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Stephen Lee resigned from Board to focus on growing responsibilities as Co-CEO of Renewa; departure was not due to any disagreement with the Company on operations, policies, or practices.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Grigsby brings over 30 years of energy finance and corporate governance experience, including prior CFO roles at Ascent Resources and Chesapeake Energy and current public company board service.
Exhibit 99.1 view on EDGAR → -
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Grigsby will receive standard non-employee director compensation as disclosed in the Company's April 2026 proxy statement.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
Summary
Prairie Operating Co. announced a Board transition on July 21, 2026: Stephen Lee resigned to focus on his expanding role as Co-CEO of Renewa, and Jennifer Grigsby was elected to fill the vacancy. The filing explicitly states Lee's departure was not due to any disagreement with the Company, indicating an amicable separation driven by his external commitments. Grigsby brings substantial energy sector expertise—over 30 years in finance, governance, and capital markets, including CFO positions at Ascent Resources and Chesapeake Energy.
She is expected to chair the Compensation Committee and serve on both the Audit and Nominating & Governance committees, suggesting the Board values her financial and governance background for key oversight roles. For a DJ Basin operator like Prairie, adding a director with deep energy finance experience and public company board service is a routine governance enhancement. The transition maintains Board continuity while bringing in relevant sector expertise.
Section-by-Section Diff
Event · Exhibit 99.1
Prairie Operating Co. appoints Jennifer M. Grigsby to Board; Stephen Lee steps down to focus on Renewa responsibilities.
Added in current filing · view on EDGAR →
Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”) – an independent energy company engaged in the development and acquisition of oil and natural gas resources in the Denver-Julesburg (DJ) Basin – today announced the appointment of Jennifer M. Grigsby to its Board of Directors.
Prairie Operating Co. appointed Jennifer M. Grigsby to its Board of Directors. Ms. Grigsby brings over 30 years of experience in energy finance, corporate governance, capital markets, and executive leadership. She currently serves on multiple public company boards and previously held CFO and senior executive roles at Ascent Resources and Chesapeake Energy Corporation.
Added in current filing · view on EDGAR →
The Company also announced that Stephen Lee has elected to step down from the Board to focus on his growing responsibilities with Renewa.
Stephen Lee stepped down from Prairie's Board of Directors to focus on his growing responsibilities as Co-CEO of Renewa. The departure appears to be voluntary and amicable, with Lee citing the need to dedicate full attention to his expanding role at Renewa.
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 21, 2026, Stephen Lee resigned from the Board of Directors (the “Board”) of Prairie Operating Co. (the “Company”). Mr. Lee’s resignation was not the result of any disagreement with the Company or the Board on any matter relating to the Company’s operations, policies, or practices.
Stephen Lee resigned from the Board effective July 21, 2026. The filing explicitly states his departure was not due to any disagreement with the Company on operations, policies, or practices, indicating an amicable separation.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
As compensation for her service on the Board, Ms. Grigsby will receive the Company’s standard compensation for non-employee directors as disclosed in the Company’s proxy statement filed with the Securities and Exchange Commission (“SEC”) on April 23, 2026, which disclosure is incorporated by reference into this Item 5.02.
Ms. Grigsby will receive standard non-employee director compensation as previously disclosed in the Company's April 2026 proxy statement. The filing incorporates that disclosure by reference rather than restating the specific compensation terms.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 23, 2026 · How we verify