Murphy Oil Corp: Director Changes and Officer Appointments
Ticker: MUR · Form: 8-K · Filed: Feb 6, 2025 · CIK: 717423
Sentiment: neutral
Topics: governance, officer-appointment, director-change
Related Tickers: MUR
TL;DR
Murphy Oil shakes up board and exec team, new director Elizabeth L. Miller joins, David M. Miller departs.
AI Summary
Murphy Oil Corporation announced on February 4, 2025, the departure of Director David M. Miller and the election of new Director Elizabeth L. Miller. The company also appointed new officers and disclosed compensatory arrangements for certain officers.
Why It Matters
Changes in board composition and executive appointments 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 such as director departures and appointments, which typically carry low immediate risk.
Key Numbers
- February 4, 2025 — Date of Earliest Event Reported (This is the effective date for the reported changes.)
Key Players & Entities
- Murphy Oil Corporation (company) — Registrant
- David M. Miller (person) — Departing Director
- Elizabeth L. Miller (person) — Newly Elected Director
- Delaware (jurisdiction) — State of Incorporation
- 71-0361522 (company) — IRS Employer Identification No.
FAQ
Who has departed from the Board of Directors?
David M. Miller has departed from the Board of Directors.
Who is the new Director elected to the Board?
Elizabeth L. Miller has been elected as a new Director.
What is the exact name of the registrant?
The exact name of the registrant is Murphy Oil Corporation.
In which state is Murphy Oil Corporation incorporated?
Murphy Oil Corporation is incorporated in Delaware.
What is the IRS Employer Identification Number for Murphy Oil Corporation?
The IRS Employer Identification Number for Murphy Oil Corporation is 71-0361522.
Filing Stats: 516 words · 2 min read · ~2 pages · Grade level 12.7 · Accepted 2025-02-05 17:52:49
Key Financial Figures
- $1.00 — nge on which registered Common Stock, $1.00 Par Value MUR New York Stock Exchange
Filing Documents
- dp224581_8k.htm (8-K) — 23KB
- 0000950103-25-001643.txt ( ) — 191KB
- mur-20250204.xsd (EX-101.SCH) — 3KB
- mur-20250204_lab.xml (EX-101.LAB) — 33KB
- mur-20250204_pre.xml (EX-101.PRE) — 22KB
- dp224581_8k_htm.xml (XML) — 4KB
02
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On February 4, 2025, the Compensation Committee of the Board of Directors of Murphy Oil Corporation (the "Company") approved an increase in the severance multiplier from 2.0x to 2.5x under the existing Severance Protection Agreements previously entered into with E. Ted Botner (Executive Vice President, General Counsel and Corporate Secretary) and Daniel R. Hanchera (Senior Vice President, Business Development). All other material terms and conditions of the Severance Protection Agreements with Messrs. Botner and Hanchera remain unaffected. A form of Severance Protection Agreement is filed as Exhibit 10.38 to the Company's 10-Q filed on August 8, 2024 and a description of the benefits provided under the Severance Protection Agreements can be found in the Company's proxy statement for its 2024 annual shareholders meeting, as filed with the Securities and Exchange Commission on March 21, 2024.
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. Date: February 5, 2025 MURPHY OIL CORPORATION By: /s/ Paul D. Vaughan Name: Paul D. Vaughan Title: Vice President and Controller