Marathon Oil Corporation (NYSE:MRO) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Marathon Oil Corporation (NYSE:MRO) 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.

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On February 27, 2019, the Board of Directors of Marathon Oil Corporation elected Jason Few and J. Kent Wells as members of the Board, effective April 1, 2019. Effective April 1, 2019, the size of the Board will be increased to eight. At this time, no determination has been made with respect to committee appointments for Mr. Few and Mr. Wells.

Mr. Few and Mr. Wells will receive compensation for their services as a director consistent with that provided to our other non-employee directors, as previously disclosed in our annual proxy statement. There are no arrangements or understandings between Mr. Few and Mr. Wells and any other person to which they were elected as a director.

On February 28, 2019, we announced the election of Mr. Few and Mr. Wells to the Board. A copy of the press release is attached as Exhibit 99.1 to this report.

9.01. Financial Statements and Exhibits

99.1 Press release of Marathon Oil Corporation, dated February 28, 2019

MARATHON OIL CORP Exhibit
EX-99.1 2 exhibit991form8-k2019febru.htm EXHIBIT 99.1 Exhibit Exhibit 99.1Jason Few and Kent Wells elected to Marathon Oil Corporation Board of DirectorsHOUSTON,…
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About Marathon Oil Corporation (NYSE:MRO)

Marathon Oil Corporation is an exploration and production company with operations in North America, Europe and Africa. The Company operates through three segments: North America E&P segment, which explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America; International E&P segment , which explores for, produces and markets crude oil and condensate, NGLs and natural gas outside of North America, and produces and markets products manufactured from natural gas, such as liquefied natural gas (LNG) and methanol, in Equatorial Guinea, and Oil Sands Mining segment, which mines, extracts and transports bitumen from oil sands deposits in Alberta, Canada, and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas oil. The Company holds working interest in the South, Central, North and West Brae fields, and working interest in the East Brae field.

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