Form 8-K TESORO CORP /NEW/ 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
Date of Report (Date of earliest event reported): November 10, 2016
Tesoro Corporation
(Exact name of registrant as specified in its charter)
Delaware | 1-3473 | 95-0862768 | ||
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||
19100 Ridgewood Pkwy San Antonio, Texas | 78259-1828 | |
(Address of principal executive offices) | (Zip Code) | |
(210) 626-6000
(Registrant’s telephone number,
including area code)
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 (see General Instruction A.2.):
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
o | 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. | |
(d) Election of Directors.
Effective November 11, 2016, Mr. William H. Schumann, III, became a member of the Board of Directors (the "Board") of Tesoro Corporation (the "Company") and concurrently the Board increased the number of directors from ten to eleven. The Board determined that Mr. Schumann meets the independence requirements under the rules of the New York Stock Exchange and the Company’s independence standards and that there are no transactions between Mr. Schumann and the Company that would require disclosure under Item 404(a) of Regulation S-K. Mr. Schumann will immediately serve on the Board’s Governance and Audit Committees. The Press Release announcing Mr. Schumann's election is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01 | Financial Statements and Exhibits. | |
(d) Exhibits.
99.1 | Press release issued on November 10, 2016. | ||
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.
Date: November 14, 2016
TESORO CORPORATION | ||||
By: | /s/ STEVEN M. STERIN | |||
Steven M. Sterin | ||||
Executive Vice President and Chief Financial Officer | ||||
Index to Exhibit
Exhibit Number | Description | |
99.1 | Press release issued on November 10, 2016. | |
Exhibit 99.1
Tesoro Corporation Announces Election of William H. Schumann, III, to Board of Directors
SAN ANTONIO - November 10, 2016 - Tesoro Corporation (NYSE: TSO) announced that William H. Schumann, III, has been elected to the Company's Board of Directors, effective November 11, 2016.
Mr. Schumann served as Executive Vice President of FMC Technologies (NYSE: FTI), a global provider of technology solutions for the energy industry, from 2007 until his retirement in 2012. Prior to that, he held various management positions of increasing responsibility during his 31-year career at FMC and its predecessor, FMC Corporation, including Executive Vice President and Chief Financial Officer; Vice President, Corporate Development; and Vice President and General Manager, Agricultural Products Group.
“Bill’s financial expertise and global operations experience will be valuable to the Board as we focus on executing our strategy and driving long-term growth,” said Greg Goff, Chairman, President and CEO of Tesoro. “We are pleased to welcome Bill and expect him to make many valuable contributions to our Board.”
Mr. Schumann serves on the boards of directors of Avnet, Inc. (NYSE: AVT) and McDermott International (NYSE: MDR), and previously served on the boards of AMCOL International, URS Corporation, UAP Holding Corp. and Great Lakes Advisors, a registered investment advisor. Mr. Schumann also serves on the board of the Lake Forest-Lake Bluff Historical Society.
About Tesoro Corporation
Tesoro Corporation, a Fortune 100 company, is an independent refiner and marketer of petroleum products. Tesoro, through its subsidiaries, operates seven refineries in the western United States with a combined capacity of over 895,000 barrels per day and ownership in a logistics business, which includes an interest in Tesoro Logistics LP (NYSE: TLLP) and ownership of its general partner. Tesoro's retail-marketing system includes over 2,400 retail stations under the ARCO®, Shell®, Exxon®, Mobil®, USA Gasoline(TM), Rebel(TM) and Tesoro® brands.
Contact:
Investors:
Sam Ramraj, Vice President, Investor Relations, (210) 626-4757
Media:
Tesoro Media Relations, [email protected], (210) 626-7702
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