Activist Takes Aim at Shale-Company CEO’s Pay

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Activist Kimmeridge Energy to seek board seats and other changes at PDC Energy, part of a broader push by investors to force U.S. energy producers to focus more on profitability than growth

Kimmeridge Energy Management Co., which last month disclosed a 5.1% stake in PDC, plans to put forth a slate of directors as soon as Thursday to challenge the three board members whose terms expire this year, according to people familiar with the matter.

Denver-based PDC’s chief executive, Barton...
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RT : Activist Kimmeridge Energy to seek board seats and other changes at PDC Energy, ...

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