CORENERGY INFRASTRUCTURE TRUST, INC. : Change in Directors or Principal Officers (form 8-K)

CORR

Item 5.02 Departure of Directors or Certain Officers; Election of Directors;

On October 18, 2021, the Board of Directors of CorEnergy Infrastructure Trust, Inc. (the "Company") appointed Chris Huffman (age 41) to the role of Chief Accounting Officer, ("CAO"), effective November 9, 2021. Concurrent with the appointment of Mr. Huffman's assumption of the duties of the Company's CAO on November 9, Robert L Waldron, Chief Financial Officer will step down as interim CAO.

Prior to joining the Company, Mr. Huffman served as CAO at Discovery Natural Resources LLC since October 2012. Discovery is focused on the acquisition, development and exploration of oil and gas properties in the Permian Basin. Mr. Huffman previously was a Manager at PricewaterhouseCoopers LLP, serving listed energy upstream and midstream clients. Mr. Huffman holds a Bachelors of Business Administration and a Masters of Accountancy from the University of Colorado. He is a Certified Public Accountant.

Pursuant to the terms of his appointment, the Company has agreed that Mr. Huffman will be paid an annual base salary of $230,000, as well as an initial transition bonus of $120,000. Mr. Huffman also will have the opportunity to earn an annual discretionary short-term cash incentive bonus targeted at 35% of based salary based on Company and individual performance, is expected to have the opportunity to participate at a similar level in a future long-term equity incentive program to be developed by the Company's Board of Directors following the recent internalization of the Company's management, and will be entitled to other customary benefits, such as participation in the Company's retirement and medical and other plans and vacation leave. Apart from these terms of Mr. Huffman's initial employment, the Company and Mr. Huffman have not yet entered into any material plan, contract or arrangement in connection with his appointment as CAO. An amended Form 8-K will be filed if any such further action is taken.

There are no family relationships between Mr. Huffman and any director or executive officer of the Company or any person nominated or chosen by the Company to become a director or executive officer. There are no arrangements or understandings between Mr. Huffman and any other persons pursuant to which he was selected as CAO and, apart from his appointment as the Company's new CAO and the terms of his initial compensation as described above, Mr. Huffman does not have a direct or indirect interest in any transaction with the Company or any currently proposed transaction to which the Company is a party.

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