NOBLE ENERGY, INC. (NYSE:NBL) 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.
(d) Election of Director.
On October 24, 2017, the board of directors (the “Board”) of Noble Energy, Inc. (the “Company”) elected Holli C. Ladhani as a member of the Board effective as of October 26, 2017 to serve until the next meeting of the Company’s stockholders, at which time she will stand for reelection. As of the date of this report, Ms. Ladhani has not been appointed to any committee of the Company’s Board. The Company will file an amendment to this report to disclose any such appointment within four business days after the information is determined or becomes available.
In connection with her election as a non-employee director, Ms. Ladhani will receive an annual retainer of $85,000 (pro rated for her period of service) and a one-time grant of restricted stock with an aggregate value of $250,000 under the Company’s 2015 Stock Plan for Non-Employee Directors. Ms. Ladhani also entered into the Company’s customary form of indemnity agreement on October 26, 2017 upon the effective date of her election to the Board.
Ms. Ladhani was not appointed to any arrangement or understanding with any other person and there are no family relationships between Ms. Ladhani and the other directors or executives of the Company. There are no transactions with Ms. Ladhani that would be reportable under Item 404(a) of Regulation S-K.
A copy of the press release announcing Ms. Ladhani’s election to the Board is attached to this report on Form 8-K as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits. The following exhibit is furnished as part of this report on Form 8-K.
99.1Press release dated October 30, 2017.
NOBLE ENERGY INC ExhibitEX-99.1 2 holli_cxladhanixdirectorxe.htm EXHIBIT 99.1 Exhibit NEWS RELEASE NOBLE ENERGY ANNOUNCES ELECTION OF HOLLI C. LADHANI TO BOARD OF DIRECTORSHOUSTON (October 30,…To view the full exhibit click here
About NOBLE ENERGY, INC. (NYSE:NBL)
Noble Energy, Inc. is an independent energy company engaged in crude oil, natural gas and natural gas liquids (NGLs) exploration and production. The Company’s portfolio is diversified between short-term and long-term projects, domestic and international and a balanced production mix among crude oil, natural gas and NGLs. The Company operates in over seven core areas, including the DJ Basin (onshore United States), the Marcellus Shale (onshore United States), Eagle Ford Shale (onshore United States), Permian Basin (onshore United States), the deepwater Gulf of Mexico (offshore United States), offshore West Africa and offshore Eastern Mediterranean. Its sanctioned projects include DJ Basin (onshore United States), Marcellus Shale (onshore United States), Eagle Ford Shale (onshore United States), Permian Basin (onshore United States), Gunflint (deepwater Gulf of Mexico) and Tamar Southwest (offshore Israel). Its proved reserves are approximately 1,420 million barrels oil equivalent.
