KEANE GROUP, INC. (NYSE:MO) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
Group, Inc. (“Keane” or the “Company”) finalized the
appointment of Mr. Christian A. Garcia as a member of the Board to
be effective as of May 15, 2017, thereby increasing the size of the
Board from eleven to twelve members. Mr. Garcia will be added to
the Board’s Audit and Risk Committee and has been appointed to
serve as the chairperson of the committee and, concurrent with such
appointment, Mr. Jim Giesler will step down from his current role
as chairperson of the committee. Mr. Geisler will remain on the
Board and a member of the Audit and Risk Committee and Compliance
Committee.
Financial Officer of Visteon Corporation since October 2016.
Previously, Mr. Garcia served in various executive and leadership
roles at Halliburton Company, including as Senior Vice President
and Acting Chief Financial Officer from 2015 to 2016, as Senior
Vice President and Chief Accounting Officer from 2014 to 2015, as
Senior Vice President and Treasurer from 2011 to 2014 and as Senior
Vice President, Investor Relations from 2008 to 2011. Mr. Garcia
has a Bachelor of Science in Business Economics from the University
of the Philippines and a Master of Science in Management in Finance
from Purdue University, and brings over 30 years of financial
experience to the Company. The Companys Board has determined Mr.
Garcia qualifies as an audit committee financial expert as such
term is currently defined in Item 407(d)(5) of Regulation S-K and
is independent under the corporate governance standards of the
rules of the New York Stock Exchange and the independence
requirements of Rule 10A-3 of the Securities Exchange Act of 1934,
as amended.
of 18,947 restricted stock units, which will vest in equal
installments on each of May 15, 2018, 2019 and 2020. Mr. Garcia has
entered into a director services agreement and will be entitled to
receive standard Board and committee fees, and expenses related to
meeting attendance. Mr. Garcia has also entered into an
indemnification agreement with the Company. Forms of each of the
director services agreement and indemnification agreement were
previously filed by the Company as Exhibit 10.7 and Exhibit 10.6,
respectively, to the Company’s Form 10-K filed with the Securities
and Exchange Commission on March 21, 2017.
any other person to which he was selected as a director, nor are
there any family relationship between Mr. Garcia and any director
or executive officer of Keane or any person nominated or chosen by
us to become a director or executive officer. There also are no
transactions in which Mr. Garcia has an interest requiring
disclosure under Item 404(a) of Regulation S-K.
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Exhibit
No.
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Description
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99.1
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Press release dated May 12, 2017.
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About KEANE GROUP, INC. (NYSE:MO)
Altria Group, Inc. is a holding company. The Company’s segments include smokeable products, smokeless products and wine. The Company’s subsidiaries include Philip Morris USA Inc. (PM USA), which is engaged in the manufacture and sale of cigarettes in the United States; John Middleton Co. (Middleton), which is engaged in the manufacture and sale of machine-made cigars and pipe tobacco, and UST LLC (UST), which, through its subsidiaries, including U.S. Smokeless Tobacco Company LLC (USSTC) and Ste. Michelle Wine Estates Ltd. (Ste. Michelle), is engaged in the manufacture and sale of smokeless tobacco products and wine. Its other operating companies include Nu Mark LLC (Nu Mark), a subsidiary that is engaged in the manufacture and sale of tobacco products, and Philip Morris Capital Corporation (PMCC), a subsidiary that maintains a portfolio of finance assets. Other subsidiaries include Altria Group Distribution Company and Altria Client Services LLC. KEANE GROUP, INC. (NYSE:MO) Recent Trading Information
KEANE GROUP, INC. (NYSE:MO) closed its last trading session up +0.17 at 70.65 with 4,073,228 shares trading hands.
