MURPHY OIL CORPORATION (NYSE:MUR) 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
On August 20, 2018, Murphy Oil Corporation (the “Company”) announced that effective September 1, 2018:
Eric M. Hambly, age 44, currently Senior Vice President, U.S. Onshore, of the Company’s wholly owned subsidiary, Murphy Exploration & Production Company, has been elected Executive Vice President, Onshore, of the Company.Mr. Hambly will be responsible for the Company's onshore operations, in the U.S. and Canada, including drilling, completions, subsurface and engineering. Mr. Hambly’s compensation, concurrent with his promotion, will include a base salary of $490,000 and a target bonus of 85% under the Company’s 2017 Annual Incentive Plan.
Michael K. McFadyen, age 51, currently Executive Vice President, Onshore, will transition to Executive Vice President, Offshore, of the Company. He will be responsible for the Company’s global offshore operations, including drilling and completions along with the development of assets. Mr. McFadyen’s base salary will increase to $550,000 and his target bonus will remain the same at 85% of his base salary under the Company’s 2017 Annual Incentive Plan.
Eugene T. “Gene” Coleman, age 59, currently Executive Vice President, Offshore, of the Company, will transition to Executive Vice President, Exploration and Business Development, and will oversee the Company’s exploration and business development strategies. Mr. Coleman’s compensation will remain unchanged.
A full text of a news release announcing the details of this matter is attached as Exhibit 99.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
99.1A news release dated August 20, 2018 announcing details of this matter is attached as Exhibit 99.1 and incorporated herein by reference.
MURPHY OIL CORP /DE ExhibitEX-99.1 2 mur-20180820xex99_1.htm EX-99.1 Org Announcement Exhibit 991 Exhibit 99.1 MURPHY OIL CORPORATION ANNOUNCES CHANGES IN EXECUTIVE MANAGEMENT EL DORADO,…To view the full exhibit click here
About MURPHY OIL CORPORATION (NYSE:MUR)
Murphy Oil Corporation is an oil and gas exploration and production company. The Company’s exploration and production business explores for and produces crude oil, natural gas and natural gas liquids across the world. The Company’s exploration and production activities are subdivided into four geographic segments, including the United States, Canada, Malaysia and all other countries. The Company’s principal exploration and production activities are conducted in the United States by Murphy Exploration & Production Company-USA (Murphy Expro USA), in Malaysia, Australia, Brunei, Vietnam, and Namibia by Murphy Exploration & Production Company-International (Murphy Expro International) and its subsidiaries, and in Western Canada and offshore Eastern Canada by Murphy Oil Company Ltd. (MOCL) and its subsidiaries. The Company’s crude oil, condensate and natural gas liquids production averages to approximately 136,634 barrels per day.
