Devon Energy Reports Board and Officer Changes
Ticker: DVN · Form: 8-K · Filed: Jan 13, 2025 · CIK: 1090012
Sentiment: neutral
Topics: management-change, board-of-directors, executive-compensation
Related Tickers: DVN
TL;DR
Devon Energy shakes up its board and exec team.
AI Summary
Devon Energy Corp/DE announced on January 10, 2025, changes in its board of directors and executive officers. Specifically, the company reported the departure of certain officers and directors, the election of new directors, and adjustments to compensatory arrangements for certain officers.
Why It Matters
Changes in a company's leadership and board can signal shifts in strategy, governance, or operational focus, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in key leadership roles can introduce uncertainty regarding future strategy and operational direction.
Key Players & Entities
- Devon Energy Corp/DE (company) — Registrant
- January 10, 2025 (date) — Date of earliest event reported
- 333 W. SHERIDAN AVE. (address) — Principal executive offices
- OKLAHOMA CITY (city) — Principal executive offices
- OKLAHOMA (state) — Principal executive offices
- 73102-5015 (zip_code) — Principal executive offices
FAQ
What specific roles have seen departures or appointments?
The filing indicates departures of certain officers and directors, the election of new directors, and changes to compensatory arrangements for certain officers, but does not specify individual names or exact roles in this summary.
When did these changes become effective?
The earliest event reported in this filing occurred on January 10, 2025.
What is Devon Energy's principal executive office address?
Devon Energy's principal executive offices are located at 333 W. SHERIDAN AVE., OKLAHOMA CITY, OKLAHOMA 73102-5015.
What is the company's IRS Employer Identification Number?
The IRS Employer Identification Number for Devon Energy Corp/DE is 73-1567067.
What is the SIC code for Devon Energy?
The Standard Industrial Classification (SIC) code for Devon Energy is 1311, which corresponds to Crude Petroleum & Natural Gas.
Filing Stats: 1,352 words · 5 min read · ~5 pages · Grade level 12.2 · Accepted 2025-01-13 07:20:02
Key Financial Figures
- $0.10 — ich registered Common Stock, par value $0.10 per share DVN The New York Stock Ex
- $475,000 — salary at an annualized rate of pay of $475,000, and (ii) a target percentage for the a
- $1,500,000 — warded by the Compensation Committee of $1,500,000. Mr. Raines is already a party to a sev
Filing Documents
- d817262d8k.htm (8-K) — 29KB
- 0001193125-25-004949.txt ( ) — 146KB
- dvn-20250110.xsd (EX-101.SCH) — 3KB
- dvn-20250110_lab.xml (EX-101.LAB) — 17KB
- dvn-20250110_pre.xml (EX-101.PRE) — 11KB
- d817262d8k_htm.xml (XML) — 4KB
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. DEVON ENERGY CORPORATION By: /s/ Christopher J. Kirt Christopher J. Kirt Vice President Corporate Governance and Secretary Date:January 13, 2025