APA Corp Elects New Directors, Updates Executive Compensation
Ticker: APA · Form: 8-K · Filed: Jan 10, 2025 · CIK: 1841666
Sentiment: neutral
Topics: board-changes, executive-compensation, acquisition
Related Tickers: CPE
TL;DR
APA Corp adds 2 directors, updates exec pay ahead of Callon deal.
AI Summary
APA Corporation announced on January 9, 2025, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, John B. Emerson and Timothy J. C. Parker, to its Board. Additionally, the company entered into new employment agreements with its named executive officers, including CEO John B. Hollerbach, which will become effective upon the closing of the company's previously announced acquisition of Callon Petroleum Company.
Why It Matters
This filing signals significant governance changes and potential shifts in executive compensation strategies as APA Corp prepares for its acquisition of Callon Petroleum.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can indicate strategic shifts or potential integration challenges related to the upcoming acquisition.
Key Players & Entities
- APA Corporation (company) — Registrant
- John B. Emerson (person) — Newly Elected Director
- Timothy J. C. Parker (person) — Newly Elected Director
- John B. Hollerbach (person) — CEO
- Callon Petroleum Company (company) — Acquisition Target
- January 9, 2025 (date) — Date of earliest event reported
FAQ
Who are the newly elected directors to APA Corporation's Board?
John B. Emerson and Timothy J. C. Parker were elected as new directors to APA Corporation's Board.
When do the new employment agreements for named executive officers become effective?
The new employment agreements for named executive officers will become effective upon the closing of the acquisition of Callon Petroleum Company.
What is the primary business of APA Corporation?
APA Corporation is primarily involved in the crude petroleum and natural gas industry.
What is the SEC file number for APA Corporation?
The SEC file number for APA Corporation is 001-40144.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing is January 9, 2025.
Filing Stats: 663 words · 3 min read · ~2 pages · Grade level 12.8 · Accepted 2025-01-10 09:44:54
Key Financial Figures
- $0.625 — nge on which registered Common Stock, $0.625 par value APA Nasdaq Global Select
Filing Documents
- d836159d8k.htm (8-K) — 27KB
- d836159dex101.htm (EX-10.1) — 138KB
- d836159dex102.htm (EX-10.2) — 72KB
- g836159g0103022821907.jpg (GRAPHIC) — 48KB
- 0001193125-25-004197.txt ( ) — 466KB
- apa-20250109.xsd (EX-101.SCH) — 3KB
- apa-20250109_lab.xml (EX-101.LAB) — 18KB
- apa-20250109_pre.xml (EX-101.PRE) — 11KB
- d836159d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Form of 2025 Performance Share Program Agreement (2016 Omnibus Compensation Plan), dated January 9, 2025. 10.2 Form of 2025 Stock Option Award Agreement (2016 Omnibus Compensation Plan), dated January 9, 2025. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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. APA CORPORATION Date: January 10, 2025 By: /s/ Rajesh Sharma Rajesh Sharma Corporate Secretary