Phillips 66 Announces Executive and Board Changes
Ticker: PSX · Form: 8-K · Filed: Oct 11, 2024 · CIK: 1534701
| Field | Detail |
|---|---|
| Company | Phillips 66 (PSX) |
| Form Type | 8-K |
| Filed Date | Oct 11, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-changes, board-changes, governance
Related Tickers: PSX
TL;DR
PSX shakes up exec team & adds directors. New EVP Midstream, two new board members elected.
AI Summary
Phillips 66 announced on October 10, 2024, changes in its executive leadership. The company appointed Kevin J. McCarthy as the new Executive Vice President, Midstream, effective October 11, 2024. Additionally, the company reported that its Board of Directors elected two new directors, Steven J. Williams and David L. Stover, to serve until the 2025 annual meeting of stockholders.
Why It Matters
These changes in executive and board leadership can signal shifts in strategic direction or operational focus for Phillips 66, potentially impacting its future performance and investor outlook.
Risk Assessment
Risk Level: low — The filing reports routine executive and board changes, which are common corporate governance events and do not inherently indicate significant financial or operational risks.
Key Players & Entities
- Phillips 66 (company) — Registrant
- Kevin J. McCarthy (person) — Appointed Executive Vice President, Midstream
- Steven J. Williams (person) — Elected Director
- David L. Stover (person) — Elected Director
- October 10, 2024 (date) — Date of Report
- October 11, 2024 (date) — Effective date for new EVP
- 2025 (date) — Year of annual meeting for new directors
FAQ
Who has been appointed as the new Executive Vice President, Midstream at Phillips 66?
Kevin J. McCarthy has been appointed as the new Executive Vice President, Midstream, effective October 11, 2024.
When was the report filed with the SEC?
The Form 8-K was filed on October 11, 2024.
What is the effective date for Kevin J. McCarthy's new role?
The appointment of Kevin J. McCarthy is effective October 11, 2024.
Who were the two new directors elected to the Board of Directors?
Steven J. Williams and David L. Stover were elected as new directors.
Until when will the newly elected directors serve?
The newly elected directors, Steven J. Williams and David L. Stover, will serve until the 2025 annual meeting of stockholders.
Filing Stats: 671 words · 3 min read · ~2 pages · Grade level 11.5 · Accepted 2024-10-11 09:04:58
Key Financial Figures
- $0.01 — ange on which registered Common stock, $0.01 par value PSX New York Stock Exchange
Filing Documents
- psx-20241010.htm (8-K) — 23KB
- 0001534701-24-000151.txt ( ) — 147KB
- psx-20241010.xsd (EX-101.SCH) — 2KB
- psx-20241010_lab.xml (EX-101.LAB) — 22KB
- psx-20241010_pre.xml (EX-101.PRE) — 13KB
- psx-20241010_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 By: /s/ Vanessa Allen Sutherland Vanessa Allen Sutherland Executive Vice President Date: October 11, 2024 2