Marathon Petroleum Corporation (NYSE:MPC) 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
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Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Corporation (the Company) appointed Donald C. Templin to serve as
president of the Company, effective July 1, 2017.
of the Company and president of MPLX GP LLC, the general partner
(the General Partner) of MPLX LP (the Partnership). Mr. Templin
joined the Company as senior vice president and chief financial
officer in June 2011. Mr. Templin was appointed vice president,
chief financial officer and elected a member of the board of
directors of the General Partner in June 2012. He was appointed
executive vice president of the General Partner and executive
vice president, supply, transportation and marketing of the
Company in March 2015, and assumed his current positions in
January 2016. Mr. Templin will cease to serve as president of the
General Partner on June 20, 2017 but will continue to serve on
the board of directors of the General Partner. Mr. Templin is
also a member of the board of directors of Calgon Carbon
Corporation.
MPC and is eligible to participate in MPCs annual cash bonus
program and long-term incentive compensation plan, as well as
other benefit plans and programs such as health and life
insurance, income protection by means of long-term and short-term
disability and retirement and severance benefits plans.
president of the Company but will continue to serve as chairman
of board directors and chief executive officer.
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Item 5.03
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Amendments to Articles of Incorporation or Bylaws;
Change in Fiscal Year. |
approved and adopted amendments to the Companys Amended and
Restated Bylaws (the Bylaws) to delete certain provisions
governing the date by which a stockholder who timely requested
the form of certain director nominating documents to the
prescribed timeliness provisions within the Companys Bylaws would
have had to submit any director nomination in connection with the
Companys 2017 annual meeting, as well as certain provisions
related to the election, mandatory retirement age and terms of
directors that have expired.
qualified in its entirety by reference to the full text of the
Bylaws, which are filed as Exhibit 3.1 to this Current Report on
Form 8-K and are incorporated into this filing by reference.
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Item 9.01
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Financial Statements and Exhibits.
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Exhibit Number
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Description
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3.1
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Amended and Restated Bylaws of Marathon Petroleum
Corporation |
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About Marathon Petroleum Corporation (NYSE:MPC)
Marathon Petroleum Corporation is engaged in petroleum product refining, marketing, retail and transportation businesses in the United States and the east of the Mississippi. The Company’s segments include Refining & Marketing, Speedway, and Midstream. Its Refining & Marketing segment refines crude oil and other feedstocks at its approximately seven refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products. It sells refined products to wholesale marketing customers domestically and internationally, buyers on the spot market, its Speedway business segment and to independent entrepreneurs operating Marathon retail outlets. The Speedway segment sells transportation fuels and convenience products in the retail market in the Midwest, East Coast and Southeast. The Midstream segment gathers, processes and transports natural gas, and transports and stores crude oil and refined products.
