GPOR · Gulfport Energy Corporation

Summary

Gulfport Energy Corporation announced the immediate resignation of John Reinhart as President, Chief Executive Officer, and Director on March 6, 2026, with no disagreements on operations, policies, or practices. The Board created an Office of the Chairman, led by Timothy Cutt, with other executives, and retained a search firm for a new CEO while implementing retention agreements.

Key takeaways

• John Reinhart resigned as President, CEO, and Director effective March 6, 2026
• Office of the Chairman created, led by Timothy Cutt (Chairman), with Michael Hodges (EVP & CFO), Matthew Rucker (EVP & COO), Patrick Craine (EVP & Chief Legal/Admin Officer)
• Timothy Cutt granted $1,000,000 equity award (time-based RSUs vesting over 3 years)
• Hodges, Rucker, Craine entered Retention Agreements effective March 8, 2026, each providing cash payment equal to base salary (50% on new CEO hire, 50% six months later)
• Board retained executive search firm for new CEO
• Press release issued March 9, 2026 (Exhibit 99.1)