MURPHY OIL CORPORATION (NYSE:MUR) Files An 8-K Other EventsITEM 8.01. Other Events
On February 7, 2018, the Board of Directors (the “Board”) of Murphy Oil Corporation (the “Company”) adopted the 2018 Stock Plan for Non-Employee Directors (the “Plan”). The Company is requesting shareholders approve the Plan at the Company’s 2018 Annual Meeting of Shareholders.
The Company has never granted any performance-based awards to non-employee directors. The Company has only granted time-based vesting restricted share awards, and intends to continue this practice in the future. In order to align the Plan with the Board’s intention, the Board approved an amendment to the Plan on April 25, 2018 to provide solely for time-based vesting of awards for non-employee directors, and remove any ability to grant awards subject to a performance condition.
If approved, the Plan will allow the Company to continue to provide equity compensation awards to its non-employee directors as part of their overall compensation, which awards may be granted in the form of stock options and restricted share and unit awards.
ITEM 9.01. Financial Statements and Exhibits.
(d) Exhibits.
MURPHY OIL CORP /DE ExhibitEX-10.1 2 dp89975_ex1001.htm EXHIBIT 10.1 Exhibit 10.1 FIRST AMENDMENT TO THE MURPHY OIL CORPORATION 2018 STOCK PLAN FOR NON-EMPLOYEE DIRECTORS WHEREAS,…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.
