MRC GLOBAL INC. (NYSE:MRC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

MRC GLOBAL INC. (NYSE:MRC) 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 of Principal Officers; Election of Directors; Appointment of Principal Officers

Story continues below

After an extensive search process, the Board elected Deborah G. Adams as a director. The Company issued a press release on October31, 2017 to announce that the Board elected Ms.Adams to the Board, effective immediately for an initial term expiring at the Company’s annual meeting of stockholders in 2018. Ms.Adams, age 56, previously served on the Executive Leadership Team as the Senior Vice President of HSE, Projects and Procurement of Phillips 66. Ms.Adams spent over 30 years in various management and operational positions within the Phillips 66 organization as well as its predecessor companies. She will serve on the Audit and Compensation Committees of the Board.

Ms.Adams will receive the same compensation as other non-employee Company directors as described in the MRC Global 2017 Proxy Statement under “Non-Employee Director Compensation”.

There is no arrangement or understanding between Ms.Adams and any other persons to which she was selected as a director. Ms.Adams has no direct or indirect material interest in any transaction required to be disclosed to Item 404(a) of Regulation S-K. Ms.Adams and the Company have entered into the Company’s standard director indemnification agreement, whereby the Company agrees to indemnify, defend and hold its directors harmless from and against losses and expenses incurred as a result of their Board service, subject to the terms and conditions provided in the agreement.

Item 5.02 Financial Statements and Exhibits.
99.1 Press release dated October31, 2017

2

INDEX TO EXHIBITS

Exhibit

No.

Description

99.1 Press release dated October31, 2017

3


MRC GLOBAL INC. Exhibit
EX-99.1 2 d425310dex991.htm EX-99.1 EX-99.1 Exhibit 99.1   MRC Global Elects Deborah Adams to the Board of Directors      HOUSTON,…
To view the full exhibit click here

About MRC GLOBAL INC. (NYSE:MRC)

MRC Global Inc. is an industrial distributor of pipe, valves and fittings (PVF) and related products and services to the energy industry. The Company operates through three segments: the United States of America, Canada and International. It has branches in principal industrial, hydrocarbon producing and refining areas throughout the United States, Canada, Europe, Asia, Australasia, the Middle East and Kazakhstan. Its product types include valves, automation and instrumentation; carbon steel fittings and flanges and stainless steel and alloy pipe and fittings; line pipe, and oil country tubular goods (OCTG). Its valves, automation and instrumentation product offering includes ball, butterfly, gate, check, needle and plug valves, which are manufactured from cast steel, stainless/alloy steel, forged steel, carbon steel or cast and ductile iron. Its carbon steel fittings and flanges include carbon weld fittings, flanges and piping components used to connect piping and valve systems.

An ad to help with our costs