UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): | August 14, 2019 | (August 11, 2019) |
Marathon Oil Corporation
__________________________________________
(Exact name of registrant as specified in its charter)
Delaware | 1-1513 | 25-0996816 | |||||
_____________________________________________ (State or other jurisdiction | _______________________________ (Commission | __________________________________ (I.R.S. Employer | |||||
of incorporation) | File Number) | Identification No.) | |||||
5555 San Felipe Street, | Houston, | TX | 77056-2723 | ||||
____________________________________________________________ (Address of principal executive offices) | ___________________________________________ (Zip Code) | ||||||
Registrant’s telephone number, including area code: | (713) | 629-6600 |
Not Applicable
________________________________________________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol | Name of each exchange on which registered | ||
Common Stock, par value $1.00 | MRO | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company | ☐ | ||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. | ☐ |
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Mr. Hedgebeth will become executive vice president, general counsel, secretary and chief administrative officer, effective August 24, 2019. Mr. Hedgebeth, a named executive officer of Marathon Oil, is currently the Company’s senior vice president, general counsel and secretary.
Due to the change to Mr. Hedgebeth’s appointment and increased responsibilities, Mr. Hedgebeth’s annual cash bonus target for 2019 will increase by ten percent, with his target bonus opportunity increasing to $489,000, effective as of August 24, 2019. In addition, Mr. Hedgebeth’s 2020 long-term incentive award target value will be increased from $1,700,000 to $1,800,000. Mr. Hedgebeth’s base salary for 2019 will remain unchanged at $575,000.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Marathon Oil Corporation | ||||
August 14, 2019 | By: | /s/ Gary E. Wilson | ||
Name: Gary E. Wilson | ||||
Title: Vice President, Controller and Chief Accounting Officer |