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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): March 10, 2022 (March 9, 2022)
MURPHY OIL CORPORATION
(Exact name of registrant as specified in its charter)
Delaware | 1-8590 | 71-0361522 | ||||||||||||
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
9805 Katy Fwy, Suite G-200 | ||||||||||||||
Houston, | Texas | 77024 | ||||||||||||
(Address of principal executive offices, including zip code) |
(281) | 675-9000 | ||||||||||
Registrant’s telephone number, including area code | |||||||||||
Not applicable | |||||||||||
(Former Name or Former Address, if Changed Since Last Report) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | ||||
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | ||||
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | ||||
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||
Common Stock, $1.00 Par Value | MUR | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On March 9, 2022, Murphy Oil Corporation (the “Company”) announced the retirement, effective June 30, 2022, of David R. Looney, Executive Vice President and Chief Financial Officer.
Thomas J. “Tom” Mireles, age 49, will succeed Mr. Looney as Executive Vice President and Chief Financial Officer upon Mr. Looney’s retirement. Mr. Mireles’ compensation, subsequent to this promotion, will include a base salary of $500,000, with a target bonus of 90% under the Company’s 2022 Annual Incentive Plan.
Mr. Mireles currently serves as Senior Vice President, Technical Services of the Company, a position he has held since 2018. Mr. Mireles joined the Company in 2005. During his tenure, Mr. Mireles has gained extensive experience in managing multiple disciplines, including senior manager planning and business development, as well as significant operational experience after having served as a senior vice president in both the Western and Eastern Hemispheres.
A full text of a news release announcing the details of these transactions is attached as Exhibit 99.1 and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(d) | Exhibits | ||||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
MURPHY OIL CORPORATION | ||||||||
Date: March 10, 2022 | ||||||||
By: | /s/ Christopher D. Hulse | |||||||
Christopher D. Hulse | ||||||||
Vice President and Controller |
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