Marathon Petroleum Corp. Announces Board and Executive Changes
Ticker: MPC · Form: 8-K · Filed: Dec 18, 2025 · CIK: 1510295
| Field | Detail |
|---|---|
| Company | Marathon Petroleum CORP (MPC) |
| Form Type | 8-K |
| Filed Date | Dec 18, 2025 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $800,000, $2,400,000, $275,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-changes
Related Tickers: MPC
TL;DR
MPC board shakeup and exec comp changes announced.
AI Summary
Marathon Petroleum Corporation (MPC) announced on December 12, 2025, changes in its board of directors and executive compensation arrangements. Specifically, the company reported the departure of a director and the election of a new director, along with updates to its compensatory arrangements for certain officers.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing details routine corporate governance changes and executive compensation adjustments, which are common and typically do not represent significant new risks.
Key Players & Entities
- Marathon Petroleum Corporation (company) — Registrant
- December 12, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- Findlay, Ohio (location) — Principal executive offices
FAQ
What specific changes were made to the board of directors?
The filing indicates the departure of a director and the election of a new director, though their names are not specified in this excerpt.
What is the date of the earliest event reported in this 8-K?
The date of the earliest event reported is December 12, 2025.
What is Marathon Petroleum Corporation's state of incorporation?
Marathon Petroleum Corporation is incorporated in Delaware.
Where are Marathon Petroleum Corporation's principal executive offices located?
The principal executive offices are located at 539 South Main Street, Findlay, Ohio.
What specific items are being reported under Item Information?
The filing reports on the Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers; Other Events; and Financial Statements and Exhibits.
Filing Stats: 1,040 words · 4 min read · ~3 pages · Grade level 11.2 · Accepted 2025-12-18 06:50:23
Key Financial Figures
- $800,000 — Ms. Khoury's annual base salary will be $800,000, and her target bonus opportunity under
- $2,400,000 — ("LTI") award program for 2026 will be $2,400,000. Descriptions of the ACB and LTI progra
- $275,000 — stock units with a grant date value of $275,000. This grant will be made under the Mara
Filing Documents
- mpc-20251212.htm (8-K) — 32KB
- mpcex991mpcdec12.htm (EX-99.1) — 10KB
- image_0.jpg (GRAPHIC) — 28KB
- 0001510295-25-000070.txt ( ) — 200KB
- mpc-20251212.xsd (EX-101.SCH) — 2KB
- mpc-20251212_lab.xml (EX-101.LAB) — 21KB
- mpc-20251212_pre.xml (EX-101.PRE) — 12KB
- mpc-20251212_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events. A copy of the press release announcing certain of the matters described under Item 5.02 of this Current Report on Form 8-K is filed herewith as Exhibit 99.1 and is incorporated by reference in this Item 8.01.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Press release issued by Marathon Petroleum Corporation on December 18, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
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 Petroleum Corporation Date: December 18, 2025 By: /s/ Molly R. Benson Name: Molly R. Benson Title: Chief Legal Officer and Corporate Secretary