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Posted 23 September, 2022

DORCHESTER MINERALS, L.P. appointed Mr. McManemin as new CEO

Nasdaq:DMLP appointed new Chief Executive Officer Mr. McManemin in a 8-K filed on 23 September, 2022.


  In connection with Mr. McManemin's transition, the board of managers of the indirect general partner of the Partnership (the "Board") appointed Bradley J. Ehrman to serve as its Chief Executive Officer of the Partnership and its direct and indirect subsidiaries, effective as of October 1, 2022.  

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Overview of DORCHESTER MINERALS, L.P.
Companies on the Energy Service • Upstream Oil & Gas
Dorchester Minerals LP engages in the acquisition, ownership, and administration of royalty properties and net profits interests (NPI). The NPI represents a net profits overriding royalty interest burdening various properties owned by its operating partnership. Royalty properties consist of producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests. The company was founded in 1982 and is headquartered in Dallas, TX.
Market Cap
$1.22B
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DORCHESTER MINERALS, L.P. by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers, Appointment of Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On September 22, 2022, William Casey McManemin, the Chief Executive Officer of Dorchester Minerals, L.P. (the "Partnership"), announced he will step down from his position as Chief Executive Officer of the Partnership, effective as of October 1, 2022, with a view to facilitating an orderly plan of succession among the Partnership's senior management. In connection with Mr. McManemin's transition, the board of managers of the indirect general partner of the Partnership (the "Board") appointed Bradley J. Ehrman to serve as its Chief Executive Officer of the Partnership and its direct and indirect subsidiaries, effective as of October 1, 2022. Mr. McManemin will continue to support the Partnership's key hires, M&A program and employee culture and engagement and will continue to serve as a member and Chairman of the Board.

 

Mr. Ehrman, age 45, served as the Company's Engineering Manager from 2004 to 2011 when he was named Vice President of Operations. Mr. Ehrman then served as the Company's Vice President of Operations from 2011 to 2015 when he was named Chief Operating Officer. Mr. Ehrman graduated with distinction with a Bachelor of Science in Petroleum Engineering from the University of Alberta, and received his MBA from the Jones Graduate School of Management at Rice University. The Board increased Mr. Ehrman's base salary to $400,000 per year, effective October 1, 2022, based on his level of education and extensive history of managing the properties held by the Company.

 

The Board also increased the base salary for Leslie A. Moriyama, Chief Financial Officer of the Partnership, to $350,000 per year, effective October 1, 2022, in recognition of her value to the Partnership.

 

Mr. Ehrman and Ms. Moriyama will remain eligible for deferred compensation and discretionary bonus awards in accordance with the Company's Equity Incentive Program, as further described in the Company's annual report on Form 10-K for the fiscal year ended December 31, 2021.