Phillips 66 Announces CEO Transition and Compensation Changes
Ticker: PSX · Form: 8-K · Filed: Mar 12, 2024 · CIK: 1534701
| Field | Detail |
|---|---|
| Company | Phillips 66 (PSX) |
| Form Type | 8-K |
| Filed Date | Mar 12, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: leadership-change, executive-compensation, management-transition
Related Tickers: PSX
TL;DR
Phillips 66 CEO Mark Lashier takes the helm, new pay package in tow.
AI Summary
Phillips 66 announced on March 8, 2024, changes to its board of directors and executive compensation. Specifically, Mark E. Lashier has been appointed as President and Chief Executive Officer, and he will also serve on the Board of Directors. Additionally, the company has entered into a new employment agreement with Mr. Lashier.
Why It Matters
This filing signals a leadership change at Phillips 66, which could impact the company's strategic direction and operational focus moving forward.
Risk Assessment
Risk Level: medium — Leadership changes and executive compensation adjustments can introduce uncertainty and affect investor confidence.
Key Players & Entities
- Phillips 66 (company) — Registrant
- Mark E. Lashier (person) — Appointed President and Chief Executive Officer
- March 8, 2024 (date) — Date of earliest event reported
FAQ
Who has been appointed as the new President and Chief Executive Officer of Phillips 66?
Mark E. Lashier has been appointed as the new President and Chief Executive Officer of Phillips 66.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on March 8, 2024.
Will the new CEO also serve on the Board of Directors?
Yes, Mark E. Lashier will also serve on the Board of Directors.
What is the principal executive office address for Phillips 66?
The principal executive office address for Phillips 66 is 2331 CityWest Boulevard, Houston, Texas 77042.
What is the telephone number for Phillips 66?
The telephone number for Phillips 66 is (832) 765-3010.
Filing Stats: 506 words · 2 min read · ~2 pages · Grade level 12.3 · Accepted 2024-03-12 16:31:05
Key Financial Figures
- $0.01 — ange on which registered Common stock, $0.01 par value PSX New York Stock Exchan
Filing Documents
- d762915d8k.htm (8-K) — 22KB
- 0001193125-24-065930.txt ( ) — 137KB
- psx-20240308.xsd (EX-101.SCH) — 3KB
- psx-20240308_lab.xml (EX-101.LAB) — 17KB
- psx-20240308_pre.xml (EX-101.PRE) — 11KB
- d762915d8k_htm.xml (XML) — 3KB
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. Phillips 66 Dated: March 12, 2024 By: /s/ Vanessa Allen Sutherland Vanessa Allen Sutherland Executive Vice President 3