Form 8-K MARATHON OIL CORP For: Nov 10
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E-mailUNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section�13 or 15(d) of the Securities Exchange Act of 1934
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Date of Report (Date of Earliest Event Reported): | � | November 10, 2014 |
Marathon Oil Corporation
__________________________________________
(Exact name of registrant as specified in its charter)
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Delaware | 1-5153 | 25-0996816 | ||
_____________________ �(State or other jurisdiction | _____________ �(Commission | ______________ �(I.R.S. Employer | ||
of incorporation) | File Number) | Identification No.) | ||
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5555 San Felipe Street, Houston, Texas | � | 77056 | ||
_________________________________ �(Address of principal executive offices) | � | ___________ �(Zip Code) | ||
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Registrant's telephone number, including area code: | � | (713) 629-6600 | ||
Not Applicable
______________________________________________
Former name or former address, if changed since last report
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[��]�Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[��]��Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[��]��Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[��]��Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Election of Director
On November 10, 2014, the Board of Directors (the Board ) of Marathon Oil Corporation elected Marcela E. Donadio as a member of the Board, effective December 1, 2014. At this time, no determination has been made with respect to committee appointments for Ms. Donadio.
Ms. Donadio will receive compensation for her services as a director consistent with that provided to our other non-employee directors, as previously disclosed in our annual proxy statement. There are no arrangements or understandings between Ms. Donadio and any other person pursuant to which she was elected as a director.
On November 12, we announced the election of Ms. Donadio to the Board. A copy of the press release is attached as Exhibit 99.1 to this report.
Designation of Principal Accounting Officer
On November 10, 2014, Gary E. Wilson, 52, Vice President, Controller and Chief Accounting Officer, was designated as our principal accounting officer, effective November 12, 2014. Mr. Wilson has served as our Vice President, Controller and Chief Accounting Officer since October 1, 2014. Prior to joining us, Mr. Wilson served in various finance and accounting positions of increasing responsibility at Noble Energy, Inc. since 2001, including as International Finance Manager from September 2009 through March 2011, Director Controls and Reporting from April 2011 through September 2012, Director Global Operations Services Finance from October 2012 through February 2014, and most recently as Director Corporate Accounting. Mr. Wilson earned a Bachelor in Accounting from the University of Arkansas and an MBA from the University of Texas and is a licensed CPA.
Other than as disclosed herein, we do not have any other agreement with Mr.�Wilson, either written or oral, that guarantees salaries, salary increases, bonuses or benefits. There are no other arrangements or understandings between Mr.�Wilson and any other person pursuant to which he was selected as an officer. There are no family relationships between Mr.�Wilson and any of our other executive officers or directors.
Upon Mr. Wilsons designation as our principal accounting officer, John R. Sult, Executive Vice President and Chief Financial Officer, ceased serving as our principal accounting officer. Mr. Sult will continue serving as our principal financial officer.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
99.1����Press release of Marathon Oil Corporation, dated November 12, 2014
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.
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� | � | Marathon Oil Corporation | ||
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November 12, 2014 | � | By: | � | /s/ John R. Sult |
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� | � | � | � | Name: John R. Sult |
� | � | � | � | Title: Executive Vice President and Chief Financial Officer |
Exhibit Index
Exhibit No. ����Description
99.1��������Press release of Marathon Oil Corporation, dated November 12, 2014
Exhibit 99.1
PRESS RELEASE
Marcela E. Donadio�elected to Marathon Oil Corporation Board of Directors
HOUSTON, Nov. 12, 2014 -- Marathon Oil Corporation (NYSE: MRO) announced today that Marcela E. Donadio�has been elected to the Company's board of directors, effective Dec. 1, 2014.
Donadio, 60, previously served as Americas Oil & Gas Sector Leader of Ernst & Young LLP, until her retirement this year after a nearly four-decade career.
"Marathon Oil welcomes Marcela E. Donadio to our Company's board of directors," said Dennis H. Reilley, non-executive chairman of Marathon Oils board of directors. "Marcelas many years of experience and leadership in the energy sector, as well as her strong background in accounting and audit, will be of great benefit to our board, and we look forward to working with her.
As Americas Oil & Gas Sector Leader from 2007 until her retirement, Donadio oversaw more than 3,300 oil and gas professionals across the Americas, directing firm oil and gas industry initiatives involving assurance, tax transactions and advisory services. She also sat on Ernst & Youngs Global Oil and Gas Leadership Committee, helping set global strategy in connection with the firms oil and gas clients.
Donadio joined Ernst & Young in 1976 as a staff auditor and served as a senior manager before being made an audit partner in 1989. In 2003, she was named leader for the energy trading and risk management practice, managing professionals serving Gulf Coast-area clients in the trading, electricity, exploration and production, and transmission segments of the energy industry.
Donadio currently serves on the board of National Oilwell Varco. She is also a trustee for the Great Commission Foundation of the Episcopal Diocese of Texas and a member of the Massachusetts Institute of Technologys Corporation Development Committee. Donadio served a six-year term as a member of the Texas State Board of Public Accountancy, chairing its Enforcement Committee.
A graduate of Louisiana State University, Donadio holds a bachelors degree in accounting.
Marathon Oil Corporation is a global exploration and production company. Based in Houston, Texas, the Company had net proved reserves at the end of 2013 of approximately 2.2 billion barrels of oil equivalent in North America, Europe and Africa.
CONTACT:
Media Relations Contacts
Lee Warren: 713-296-4103
Lisa Singhania: 713-296-4101
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Investor Relations Contacts
Chris Phillips: 713-296-3213
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