Spark Energy, Inc. announced the resignation of Nathan Kroeker, Spark's President and Chief Executive Officer. Mr. Kroeker is resigning to pursue other opportunities, effective April 1, 2020. Spark's Founder and Executive Chairman of the Board, W. Keith Maxwell III, will serve as Spark's Interim President and Chief Executive Officer.

Spark has begun a process to appoint a permanent successor for Mr. Kroeker. On March 25, 2020, Spark Energy, Inc. (the Company) entered into an employment agreement, effective as of March 23, 2020 (the Employment Agreement), with Mr. Kevin McMinn. Pursuant to the Employment Agreement, Mr. McMinn will serve as Chief Operating Officer.

On March 19, 2020, the Company and Nathan Kroeker entered into a Transition and Resignation Agreement and Mutual Release of Claims (the Transition Agreement), pursuant to which Mr. Kroeker resigned from all positions of employment (including as President, Chief Executive Officer and as a director), but will remain with the Company in an advisory role through April 1, 2020 (the Separation Date).