HighPeak Energy, Inc. Announces CEO Transition

Core Viewpoint - HighPeak Energy, Inc. announces the retirement of CEO Jack Hightower and the appointment of Michael L. Hollis as Interim CEO, indicating a leadership transition aimed at maintaining the company's strategic direction and industry leadership [1][2][3]. Leadership Changes - Jack Hightower will retire from his roles as CEO, director, and Chairman of the Board, focusing on personal health and endeavors [1][3]. - Michael L. Hollis, previously President and a Board member since 2020, has been appointed as Interim CEO, bringing over 25 years of oil and gas experience [2][3]. - Hightower expressed confidence in Hollis's capabilities to lead the company forward [3]. Management of HighPeak Funds - Following Hightower's retirement, the HighPeak Funds, which own approximately 64.4% of the company's common stock, will be managed by a committee including Hollis, Daniel Silver, and Ryan Hightower [3]. - Daniel Silver has been designated as the board appointee for the HighPeak Funds to replace Hightower and has been appointed as a director of the Board [3]. Company Overview - HighPeak Energy, Inc. is an independent crude oil and natural gas company based in Fort Worth, Texas, focused on the acquisition, development, exploration, and exploitation of unconventional reserves in the Midland Basin of West Texas [4].