Infinity Natural Resources Names New CFO Cary Baetz; Former CFO Resigns

What Happened
Infinity Natural Resources, Inc. (INR) announced on Aug 5, 2026 (8-K filed Aug 10, 2026) that the Board appointed Cary Baetz as Executive Vice President and Chief Financial Officer, effective Aug 12, 2026. Mr. Baetz, age 61, joins with significant finance experience in energy and mining companies (most recently CFO of Boart Longyear Ltd. and previously CFO/EVP at Berry Corporation). In connection with his hire, Baetz will receive a $500,000 annual base salary, a prorated 2026 target bonus equal to 100% of salary, one-time equity grants (PSUs ≈ $437,500 and RSUs ≈ $437,500) and potential annual long‑term incentive awards commencing 2027 with an aggregate grant date value of about $1,750,000 (subject to board approval). He will be designated a Tier 1 executive under the company’s Executive Severance Plan and will sign the standard officer indemnification agreement.
Simultaneously, David Sproule resigned as Executive Vice President and CFO effective the CFO transition date (Aug 12, 2026). Sproule will receive Tier 1 severance benefits under the company’s Executive Severance Plan and pro rata vesting of performance stock units, subject to his execution of a release and compliance with restrictive covenants. The company also issued a press release on Aug 10, 2026 announcing the transition.

Key Details

• Appointment announced Aug 5, 2026; Baetz effective as CFO on Aug 12, 2026.
• Base salary for Baetz: $500,000; 2026 target bonus: 100% of salary (prorated).
• One-time equity grants on/around transition: PSUs ≈ $437,500 and RSUs ≈ $437,500; potential annual LTIP beginning 2027 with grant-date value ≈ $1,750,000 (subject to approval).
• David Sproule’s resignation effective Aug 12, 2026; severance and pro rata PSU vesting per a Severance Agreement dated Aug 9, 2026 (filed as Exhibit 10.1).

Why It Matters
This 8‑K documents a planned CFO transition and the company’s compensation and severance commitments tied to that change. For investors, the key takeaways are leadership continuity (replacement hired and start date set), the financial cost of the hire and transition (salary, potential cash severance obligations, and sizeable equity grants that may dilute existing shareholders), and that the departure was not due to a disagreement with the company. Relevant agreements (the severance agreement and press release) are filed as exhibits to the 8‑K for investors who want the full terms.