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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b), (c), (e) On December13, 2017, the Board of Directors of EOG Resources, Inc. (EOG) appointed Lloyd W. Helms, Jr. as EOG’s Chief Operating Officer, effective December13, 2017. Mr.Helms, 60, has served as EOG’s Executive Vice President, Exploration and Production since August 2013. Mr.Helms, who joined a predecessor of EOG in 1981, has also previously served as EOG’s Executive Vice President, Operations (from February 2012 to August 2013), as Vice President and General Manager of EOG’s former Calgary, Alberta, Canada office (from March 2008 to February 2012) and as EOG’s Vice President, Engineering and Acquisitions (from September 2006 to March 2008).
Gary L. Thomas, most recently EOG’s President and Chief Operating Officer, will continue serving as President to allow for the gradual transition of his responsibilities prior to his retirement. He is expected to retire by year-end 2018.
In connection with the appointment of Mr.Helms as EOG’s Chief Operating Officer, the Compensation Committee of the Board approved (i)a new annual base salary for Mr.Helms of $615,000, effective December13, 2017; (ii)a grant of 8,000 restricted stock units under the terms of the Amended and Restated EOG Resources, Inc. 2008 Omnibus Equity Compensation Plan, with a grant date of December13, 2017 and with EOG’s standard vesting and termination provisions; and (iii)an increase in Mr.Helms’ bonus target (as a percentage of his base salary) from 90% to 50%, effective beginning with his fiscal year 2018 compensation (in respect of his fiscal year 2018 performance).
Item 5.02 Financial Statements and Exhibits.
| 99.1 | Press Release of EOG Resources, Inc. dated December14, 2017. |
2
EOG RESOURCES INC ExhibitEX-99.1 2 d506458dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 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.
