MURPHY USA INC. (NYSE:MUSA) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.
MURPHY USA INC. (NYSE:MUSA) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 30, 2017, Murphy USA Inc. (the “Company”) announced that Marn K. Cheng, Senior Vice President, Retail Operations Support had decided to leave the Company for personal reasons, effective April 30, 2017. On April 16, 2017, Mr. Cheng and the Company agreed to a severance package including a one-time payment of $284,000 plus $8,212 in unused vacation pay, in each case less applicable withholding taxes and deductions. In return, Mr. Cheng will serve as a consultant for the Company from May 1, 2017 until April 30, 2018, and will be available to the Company on request in connection with its business needs.
About MURPHY USA INC. (NYSE:MUSA)
Murphy USA Inc. (Murphy USA) is engaged in the marketing of retail motor fuel products and convenience merchandise through a chain of retail stores. The Company operates through the Marketing segment. The Marketing segment includes its retail marketing sites and product supply, and wholesale assets. Its retail stores are located in over 20 states, in the Southwest, Southeast and Midwest United States. Of these stores, over 1,110 are branded Murphy USA and over 220 are standalone Murphy Express locations. Its retail stores under the brand name Murphy USA participate in the Walmart discount program. Its business also includes certain product supply and wholesale assets, including product distribution terminals and pipeline positions. In addition to the motor fuel sold at its stores, its stores carry snacks, beverages, tobacco products and non-food merchandise, including private label products, such as an isotonic drink offered in various flavors and a private label energy drink. MURPHY USA INC. (NYSE:MUSA) Recent Trading Information
MURPHY USA INC. (NYSE:MUSA) closed its last trading session up +1.26 at 69.44 with 1,547,890 shares trading hands.
Murphy USA Inc. (Murphy USA) is engaged in the marketing of retail motor fuel products and convenience merchandise through a chain of retail stores. The Company operates through the Marketing segment. The Marketing segment includes its retail marketing sites and product supply, and wholesale assets. Its retail stores are located in over 20 states, in the Southwest, Southeast and Midwest United States. Of these stores, over 1,110 are branded Murphy USA and over 220 are standalone Murphy Express locations. Its retail stores under the brand name Murphy USA participate in the Walmart discount program. Its business also includes certain product supply and wholesale assets, including product distribution terminals and pipeline positions. In addition to the motor fuel sold at its stores, its stores carry snacks, beverages, tobacco products and non-food merchandise, including private label products, such as an isotonic drink offered in various flavors and a private label energy drink. MURPHY USA INC. (NYSE:MUSA) Recent Trading Information
MURPHY USA INC. (NYSE:MUSA) closed its last trading session up +1.26 at 69.44 with 1,547,890 shares trading hands.
