Form 8-K MARATHON OIL CORP For: Sep 23
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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
Date of Report (Date of Earliest Event Reported): | September 23, 2015 | |
Marathon Oil Corporation
__________________________________________
(Exact name of registrant as specified in its charter)
Delaware | 1-5153 | 25-0996816 | ||
_____________________ (State or other jurisdiction | _____________ (Commission | ______________ (I.R.S. Employer | ||
of incorporation) | File Number) | Identification No.) | ||
5555 San Felipe Street, Houston, Texas | 77056 | |||
_________________________________ (Address of principal executive offices) | ___________ (Zip Code) | |||
Registrant's telephone number, including area code: | (713) 629-6600 | |||
Not Applicable
______________________________________________
Former name or former address, if changed since last report
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 Principal Officers; Election of Directors; Appointment of Principal Officers
On September 23, 2015, the Board of Directors (the “Board”) of Marathon Oil Corporation elected Gaurdie E. Banister, Jr., as a member of the Board, effective October 1, 2015. At this time, no determination has been made with respect to committee appointments for Mr. Banister.
Mr. Banister will receive compensation for his 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 Mr. Banister and any other person pursuant to which he was elected as a director.
On September 23, 2015, we announced the election of Mr. Banister to the Board. A copy of the press release is attached as Exhibit 99.1 to this report.
9.01. Financial Statements and Exhibits
99.1 Press release of Marathon Oil Corporation, dated September 23, 2015
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.
Marathon Oil Corporation | ||||
September 24, 2015 | By: | /s/ Gary E. Wilson | ||
Name: Gary E. Wilson | ||||
Title: Vice President, Controller and Chief Accounting Officer | ||||
Exhibit Index
99.1 Press release of Marathon Oil Corporation, dated September 23, 2015
Exhibit 99.1
Gaurdie Banister elected to Marathon Oil Corporation Board of Directors
HOUSTON, Sept. 23, 2015 -- Marathon Oil Corporation (NYSE: MRO) announced today that Gaurdie E. Banister, Jr., has been elected to the Company's board of directors, effective Oct. 1, 2015.
Banister, 57, recently retired after serving eight years as president and CEO of Aera Energy LLC, an oil and gas exploration and production company jointly owned by Shell Oil Company and ExxonMobil, headquartered in California. Banister has 35 years of oil and gas experience, and prior to Aera served in executive level positions at Shell including technical vice president Upstream Asia Pacific and technical vice president Upstream Americas.
“We welcome Gaurdie Banister to Marathon Oil’s board of directors,” said Dennis H. Reilley, Marathon Oil’s non-executive chairman of the board. “Gaurdie brings deep E&P experience, including most recently in the U.S. onshore, a track record of operational excellence and astute business insights. His principled leadership, integrity and attention to safety align perfectly with Marathon Oil’s core values. We look forward to his contributions.”
Banister joined Shell Oil in 1980 as an offshore facilities engineer in New Orleans, and throughout his career served in various production management assignments based in Louisiana, California, Texas and Asia. He became president USA and executive vice president of Shell Services EP Gas and Power in 1998. From 2001 to 2003 Banister served as vice president of Business Development and Technology. In 2003 he was named technical vice president, Upstream Americas and championed innovative capital cost approaches to major projects. From 2005 until 2007 Banister was technical vice president, Upstream Asia Pacific. In this role he oversaw drilling and development activities in Southeast Asia, Australia and New Zealand, and established milestones and processes to safely execute major projects both onshore and offshore.
In 2007 Banister became president and CEO of Aera Energy. Aera is one of California’s largest producers delivering 25 percent of the state’s oil and operating more than 14,000 wells.
Banister was named to the board of Tyson Foods, Inc. (NYSE: TSN) in 2011 and currently serves as the lead independent director.
He also serves as trustee of the South Dakota School of Mines and Technology foundation. Banister previously served on the executive committee of the California Chamber of Commerce, the advisory board of the Chancellor of the California State University System and the board of the Western States Petroleum Association, and is a past chair of the board of the United Way of Kern County.
Banister holds a bachelor’s degree in metallurgical engineering from the South Dakota School of Mines and Technology. He is a native of Casper, Wyoming.
Marathon Oil Corporation is a global exploration and production company. Based in Houston, Texas, the Company had net proved reserves at the end of 2014 of 2.2 billion barrels of oil equivalent in North America, Europe and Africa. For more information, please visit the website at http://www.marathonoil.com.
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Media Relations Contacts:
Lee Warren: 713-296-4103
Lisa Singhania: 713-296-4101
Investor Relations Contacts:
Chris Phillips: 713-296-3213
Zach Dailey: 713-296-4140
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