Phillips 66 Adds New Director to Board
Ticker: PSX · Form: 8-K · Filed: Apr 30, 2024 · CIK: 1534701
| Field | Detail |
|---|---|
| Company | Phillips 66 (PSX) |
| Form Type | 8-K |
| Filed Date | Apr 30, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-appointment, governance
Related Tickers: PSX
TL;DR
PSX adds Karen Davidson to board, she'll sit on Audit & Comp committees.
AI Summary
Phillips 66 announced on April 26, 2024, that its Board of Directors elected Ms. Karen G. Davidson as a new Class III director, effective immediately. Ms. Davidson will serve on the Audit and Compensation Committees. She previously held executive positions at TPG Capital and has extensive experience in the energy and infrastructure sectors.
Why It Matters
The addition of a new director with relevant industry experience can bring fresh perspectives and expertise to the company's strategic decision-making and oversight.
Risk Assessment
Risk Level: low — The appointment of a new director is a routine corporate governance event with minimal immediate risk.
Key Players & Entities
- Phillips 66 (company) — Registrant
- Karen G. Davidson (person) — Newly elected director
- TPG Capital (company) — Former employer of new director
FAQ
Who is the new director appointed to the Phillips 66 Board?
Ms. Karen G. Davidson was elected as a new Class III director.
When was the election of the new director effective?
The election was effective immediately upon her election.
Which committees will Ms. Davidson serve on?
Ms. Davidson will serve on the Audit Committee and the Compensation Committee.
What is Ms. Davidson's relevant experience?
Ms. Davidson has extensive experience in the energy and infrastructure sectors, having held executive positions at TPG Capital.
What is the filing date of this 8-K report?
The filing date is April 30, 2024, reporting an event on April 26, 2024.
Filing Stats: 491 words · 2 min read · ~2 pages · Grade level 12.4 · Accepted 2024-04-30 17:19:04
Key Financial Figures
- $0.01 — nge on which registered Common stock, $0.01 par value PSX New York Stock Exchan
Filing Documents
- d817696d8k.htm (8-K) — 23KB
- 0001193125-24-125350.txt ( ) — 138KB
- psx-20240426.xsd (EX-101.SCH) — 3KB
- psx-20240426_lab.xml (EX-101.LAB) — 17KB
- psx-20240426_pre.xml (EX-101.PRE) — 11KB
- d817696d8k_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: April 30, 2024 By: /s/ Vanessa Allen Sutherland Vanessa Allen Sutherland Executive Vice President 3