EOG RESOURCES, INC. (NYSE:EOG) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d)On September 19, 2017, C. Christopher Gaut was appointed to the Board of Directors (Board) of EOG Resources, Inc. (EOG) and to the Audit, Compensation, and Nominating and Governance Committees of the Board, in each case effective October 1, 2017.
Mr. Gaut was the founding Chairman and Chief Executive Officer of Forum Energy Technologies, Inc. (Forum), having served in such positions from August 2010 until May 2017. Effective May 2017, Mr. Gaut transitioned to the role of Executive Chairman of Forum. Mr. Gaut also served as the President of Forum from August 2010 until May 2016. Forum is a leading oilfield manufacturing company, providing drilling, completions and production equipment primarily to oilfield service companies and drilling contractors. Additional biographical information regarding Mr. Gaut is included in the press release attached as Exhibit 99.1 to this filing
Mr. Gaut will receive the same quarterly cash retainer for his service as a director as EOG’s other non-employee directors. In addition, Mr. Gaut will receive a grant of restricted stock units (RSUs) under the Amended and Restated EOG Resources, Inc. 2008 Omnibus Equity Compensation Plan consistent with EOG’s prior grants to its other non-employee directors. The grant of RSUs, which has been approved by the Compensation Committee of the Board and the Board, will be based on the closing price of EOG’s common stock on the New York Stock Exchange on the October 2, 2017 grant effective date. The grant of RSUs will (i) “cliff” vest one year from the date of grant, (ii) have standard termination provisions and (iii) be reported on a Form 4 to be filed by Mr. Gaut within two business days after the October 2, 2017 grant effective date.
Item 9.01Financial Statements and Exhibits.
(d)Exhibits
99.1Press Release of EOG Resources, Inc. dated September 20, 2017.
EOG RESOURCES INC ExhibitEX-99.1 2 exh991092017.htm PRESS RELEASE OF EOG RESOURCES,…To view the full exhibit click here
About EOG RESOURCES, INC. (NYSE:EOG)
EOG Resources, Inc. (EOG) explores for, develops, produces and markets crude oil and natural gas primarily in major producing basins in the United States, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People’s Republic of China (China), Canada and, from time to time, select other international areas. The Company’s operations are all crude oil and natural gas exploration and production related. EOG’s total estimated net proved reserves include approximately 2,118 million barrels of oil equivalent (MMBoe), of which over 1,098 million barrels (MMBbl) is crude oil and condensate reserves, approximately 383 MMBbl include natural gas liquids (NGLs) reserves and over 3,825 billion cubic feet, or 637 MMBoe, includes natural gas reserves. The Company’s operations are focused in most of the productive basins in the United States with a focus on crude oil and, to a lesser extent, liquids-rich natural gas plays.
