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“SandRidge Energy CEO Tom Ward Sells $20 Million in SandRidge Shares”

Filed by KOSU News in State Impact.
March 21, 2013

Ward sold more than 2.8 million shares on March 15 and another 832,000 on March 18. He is currently facing an internal review that will determine if he remains CEO of SandRidge.

SandRidge and New York-based hedge fund TPG-Axon reached a settlement last week that expands the company’s board to 11 directors, with four new directors picked by TPG-Axon … The new board is reviewing transactions between Ward family trusts and SandRidge and will determine whether to retain Ward as CEO by June. If Ward stays, the board would be reduced to nine members, with five directors picked by TPG-Axon.

Read more at: newsok.com

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