UNITED 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): January 22, 2015
APACHE CORPORATION
(Exact name of registrant as specified in its charter)
Delaware | 1-4300 | 41-0747868 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
2000 Post Oak Boulevard
Suite 100
Houston, Texas 77056-4400
(Address of principal executive offices) (Zip Code)
Registrants telephone number, including area code: (713) 296-6000
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 |
On January 22, 2015, Apache Corporation (the Company) announced that Stephen J. Riney will be appointed as the Companys Executive Vice President and Chief Financial Officer and is expected to commence employment with the Company in February. P. Anthony Lannie will cease service as our chief financial officer after Mr. Riney commences employment with the Company. Mr. Lannie, who served as interim Chief Financial Officer, will continue to serve as the Companys Executive Vice President and General Counsel.
Prior to his appointment as Apaches Chief Financial Officer, Mr. Riney, 54, served as the chief financial officer for BP exploration and production and oversaw all accounting, business development, planning and commercial operations for the upstream segment. Previously, he served as the global head of mergers and acquisitions and held several management positions in project finance, insurance, operations and planning. Prior to the merger with BP, Mr. Riney spent nine years with Amoco in various management roles in finance, mergers and acquisitions, planning and marketing. Mr. Riney holds a bachelors degree in accounting from the University of Notre Dame and a MBA from the University of Chicago.
In connection with his appointment as Chief Financial Officer, Mr. Riney will receive a grant of 45,000 restricted stock units.
Other than the grant of the RSUs discussed above, no material plan, contract, or arrangement was entered into or materially amended in connection with Mr. Rineys appointment, and there was no other grant or award to Mr. Riney or modification thereto under any such plan, contract, or arrangement in connection with his appointment.
Mr. Riney has (i) no family relationship with any director or other executive officer of the Company or any person nominated or chosen by the Company to become a director or executive officer and (ii) is not a party to any related person transaction with the Company.
A copy of the press release announcing Mr. Rineys upcoming appointment, dated January 22, 2015, is attached as an exhibit to this Form 8-K and incorporated herein by reference.
Item 9.01. | Financial Statements and Exhibits |
(d) Exhibits.
Exhibit No. | Description | |||
99.1 | Press Release of Apache Corporation, dated January 22, 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.
APACHE CORPORATION | ||||||
Date: January 22, 2015 | /s/ Cheri L. Peper | |||||
Cheri L. Peper | ||||||
Corporate Secretary |
INDEX TO EXHIBITS
Exhibit No. |
Description | |
99.1 | Press Release of Apache Corporation, dated January 22, 2015. |
Exhibit 99.1
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NEWS RELEASE |
APACHE ANNOUNCES APPOINTMENT OF NEW CHIEF FINANCIAL OFFICER
HOUSTON, Jan. 22, 2015 Apache Corporation (NYSE, Nasdaq: APA) announced today Stephen Riney will be appointed as executive vice president and chief financial officer. He is scheduled to begin in February.
Riney brings over 30 years of financial and accounting experience to the position. He joins Apache following a distinguished career at BP, plc. where he worked following the merger with Amoco in 1998. Most recently, Riney served as the chief financial officer for BP exploration and production and oversaw all accounting, business development, planning and commercial operations for the upstream segment. Previously, he served as the global head of mergers and acquisitions and held several management positions in project finance, insurance, operations and planning. Prior to the merger with BP, Riney spent nine years with Amoco in various management roles in finance, mergers and acquisitions, planning and marketing.
We are very excited to welcome Steve to the Apache executive team. He brings decades of experience and thoughtful leadership to Apache. His background in the upstream business complements both our operations and long-term growth objectives, said John J. Christmann, IV, chief executive officer and president.
It is an honor to join Apache, a company I have long admired for its strong operational reputation and its fiscal discipline. I look forward to working with management and serving Apaches shareholders, Riney said. Apache has a strong finance team, and we are well positioned to continue the companys commitment to delivering shareholder value through profitable growth and a disciplined financial approach.
APACHE ANNOUNCES NEW CHIEF FINANCIAL OFFICER
Riney holds an MBA from The University of Chicago Booth School of Business and a BBA in accounting and finance from the University of Notre Dame.
About Apache
Apache Corporation is an oil and gas exploration and production company with operations in the United States, Canada, Egypt, the United Kingdom and Australia. Apache posts announcements, operational updates, investor information and all press releases on its website, www.apachecorp.com.
Contacts
Investor: | (281) 302-2286 Gary Clark | |
Media: | (713) 296-7189 Castlen Kennedy | |
Website: | www.apachecorp.com |
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