Murphy USA Files 8-K on Officer Changes and Compensation
Ticker: MUSA · Form: 8-K · Filed: Feb 21, 2024 · CIK: 1573516
Sentiment: neutral
Topics: corporate-governance, executive-compensation, 8-K, officer-changes
TL;DR
**Murphy USA just filed an 8-K about changes to its executive team and their pay.**
AI Summary
Murphy USA Inc. filed an 8-K on February 21, 2024, reporting on the departure or election of directors or officers and compensatory arrangements for certain officers. The filing also covers financial statements and exhibits. The company, based in El Dorado, Arkansas, operates in the retail-auto dealers & gasoline stations sector.
Why It Matters
This filing signals potential shifts in leadership and executive compensation at Murphy USA, which could impact the company's strategic direction and financial performance.
Risk Assessment
Risk Level: low — The 8-K is a routine disclosure of corporate governance and compensation matters, not indicating immediate financial distress or major operational changes.
Key Numbers
- 001-35914 — Commission File Number (Identifies the company's filing with the SEC)
- 46-2279221 — IRS Employer Identification No. (Identifies the company for tax purposes)
- 870-875-7600 — Business Phone (Contact number for Murphy USA Inc.)
- 20240221 — Filing Date (Date the 8-K was filed with the SEC)
Key Players & Entities
- Murphy USA Inc. (company) — Registrant
- Delaware (company) — State of incorporation
- El Dorado, Arkansas (company) — Principal executive offices
- February 21, 2024 (date) — Date of report
- 001-35914 (dollar_amount) — Commission File Number
FAQ
What is the primary purpose of this 8-K filing by Murphy USA Inc.?
The primary purpose of this 8-K filing is to report on the departure or election of directors or certain officers, appointment of certain officers, and compensatory arrangements of certain officers, as well as financial statements and exhibits, as of February 21, 2024.
When was the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing was February 21, 2024.
What is Murphy USA Inc.'s Commission File Number?
Murphy USA Inc.'s Commission File Number is 001-35914.
Where are Murphy USA Inc.'s principal executive offices located?
Murphy USA Inc.'s principal executive offices are located at 200 Peach Street, El Dorado, Arkansas 71730-5836.
What is the Standard Industrial Classification (SIC) for Murphy USA Inc.?
Murphy USA Inc.'s Standard Industrial Classification (SIC) is RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500].
Filing Stats: 1,187 words · 5 min read · ~4 pages · Grade level 9.5 · Accepted 2024-02-20 21:19:28
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 Par Value MUSA New York Stock Exchange
- $800,000 — pensation will include a base salary of $800,000, an annual incentive program target opp
- $2,000,000 — g-term incentive target award valued at $2,000,000, consistent with the terms of the MUSA
- $600,000 — Mr. Jeff will receive a base salary of $600,000, an annual incentive program target opp
- $900,000 — g-term incentive target award valued at $900,000, The mix of Mr. Jeff's LTI awards is th
- $420,000 — r. Jeff will receive a sign-on bonus of $420,000 within 30 days of his hire date and wil
- $750,000 — incentive grant with a target value of $750,000 in line with terms and practices of the
- $550,000 — Mr. Click will receive a base salary of $550,000, an annual incentive program target opp
- $825,000 — g-term incentive target award valued at $825,000, consistent with terms of the MUSA Long
Filing Documents
- musa-20240221.htm (8-K) — 31KB
- exhibit991executiveleaders.htm (EX-99.1) — 7KB
- musa-20240221_g1.jpg (GRAPHIC) — 160KB
- 0001573516-24-000013.txt ( ) — 592KB
- musa-20240221.xsd (EX-101.SCH) — 2KB
- musa-20240221_lab.xml (EX-101.LAB) — 23KB
- musa-20240221_pre.xml (EX-101.PRE) — 13KB
- musa-20240221_htm.xml (XML) — 3KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits Exhibit Index Exhibit Number Description 99.1* News release issued by Murphy USA Inc., dated February 21, 2024, announcing executive leadership changes 104 Cover Page Interactive Data File - the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document *Furnished herewith Signature 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. MURPHY USA INC. Date: February 21, 2024 By: /s/ Donald R. Smith, Jr. Donald R. Smith, Jr. Vice President and Controller