01—Abstract
Summary
Summary of the 8-K filed November 10, 2025. Cited figures are marked; the original filing is the authoritative source.
APA Corporation filed a Current Report on Form 8-K dated November 10, 2025, disclosing the appointment of Robert P.
Rayphole as vice president, Chief Accounting Officer, and Controller, effective November 15, 2025. The Board of Directors made the appointment on November 6, 2025. Rayphole succeeds Rebecca A.
Hoyt, who currently holds the role and will remain with the Company until her previously disclosed retirement. Rayphole, 51, previously served as the Company's Assistant Controller since 2011, and he is a certified public accountant. The Management Development and Compensation Committee approved his compensation package, which includes an annual base salary of $355,000a effective on the Effective Date, a target annual incentive opportunity of 50% of base salary effective on the Effective Date, and a target long-term incentive opportunity of 225% effective January 1, 2026.
The filing states he has no family relationship with any director or executive officer, is not a party to any related person transaction with the Company, and was not selected under any arrangement with another person. The filing also furnishes a press release dated November 10, 2025 (Exhibit 99.1) announcing the appointment.
According to that release, Rayphole will lead the accounting department, overseeing financial reporting, accounting operations, and compliance with U.S. GAAP and SEC requirements. The release describes APA as a company that explores for and produces oil and natural gas in the United States, Egypt, and the United Kingdom, and explores offshore Suriname.
02—Key points
Key Highlights
- Robert P. Rayphole appointed vice president, Chief Accounting Officer, and Controller, effective November 15, 2025, with Board approval on November 6, 2025.
- Rebecca A. Hoyt, the current senior vice president, Chief Accounting Officer, and Controller, will remain with the Company until her previously disclosed retirement.
- Rayphole's annual base salary is set at $355,000, with a target annual incentive of 50% of base salary.
- Target long-term incentive opportunity for Rayphole is 225%, effective January 1, 2026.
- Rayphole has served at APA since 2002, most recently as Assistant Controller since 2011, and is a certified public accountant.
- The filing states Rayphole has no family relationships with directors or executive officers and is not party to any related person transaction with the Company.
- A press release dated November 10, 2025 (Exhibit 99.1) furnished under Item 7.01 announces the appointment and describes the scope of the role.
03—Questions
Frequently Asked Questions
Who is taking over the Chief Accounting Officer and Controller role at APA?
Robert P. Rayphole, 51, is being appointed vice president, Chief Accounting Officer, and Controller, effective November 15, 2025. He previously served as the Company's Assistant Controller since 2011.
What happens to the current Chief Accounting Officer, Rebecca A. Hoyt?
Rebecca A. Hoyt, who currently holds the role of senior vice president, Chief Accounting Officer, and Controller, will remain with the Company on the Effective Date until her previously disclosed retirement.
What compensation has been approved for Rayphole in his new role?
The Management Development and Compensation Committee approved an annual base salary of $355,000 effective November 15, 2025, a target annual incentive of 50% of base salary effective on the same date, and a target long-term incentive opportunity of 225% effective January 1, 2026.
What responsibilities come with the role?
According to the accompanying press release, Rayphole will lead APA's Accounting department, providing global oversight of the accounting organization and overseeing financial reporting, accounting operations, and compliance with U.S. GAAP and SEC requirements.
04—Continue