8-KOther Events

CONOCOPHILLIPS 8-K Report (Jul 15, 2004)

Filed July 15, 2004For Securities:COP

Summary

This 8-K filing from ConocoPhillips (COP) on July 15, 2004, primarily announces the retirement of Archie W. Dunham from the company's Board of Directors, effective September 30, 2004. The filing includes an amendment to his Employment Agreement related to this retirement, signaling a significant leadership transition. While the filing is brief and focuses on the retirement, it's important for investors to note the timing and the associated contractual changes. Mr. Dunham's departure marks the end of an era for a key figure within ConocoPhillips, and the amended employment agreement will outline the terms of his separation, which could include severance, benefits, or consulting arrangements. Investors should review the referenced exhibits for detailed terms of this transition.

Key Highlights

  • 1Archie W. Dunham to retire from ConocoPhillips Board of Directors.
  • 2Retirement effective date is September 30, 2004.
  • 3An amendment to Mr. Dunham's Employment Agreement has been executed in conjunction with his retirement.
  • 4The amendment to the Employment Agreement is dated July 2, 2004.
  • 5A press release regarding the retirement was issued on July 15, 2004.
  • 6The filing incorporates by reference the press release and the amendment to the employment agreement as exhibits.

Frequently Asked Questions

Archie W. Dunham is a departing member of ConocoPhillips' Board of Directors. His retirement, effective September 30, 2004, signifies a change in the company's governance and leadership structure. The specific significance to investors would depend on his tenure, role on the board, and any strategic influence he may have wielded.

The 8-K filing states that Mr. Dunham's Employment Agreement was amended in connection with his retirement. The specific terms of this amendment are not detailed within the 8-K itself but are incorporated by reference as Exhibit 10. Investors interested in the financial implications for Mr. Dunham (e.g., severance, benefits, post-employment arrangements) should refer to the Amendment dated July 2, 2004.

The filing incorporates by reference two key documents: Exhibit 99, which is the press release issued by ConocoPhillips on July 15, 2004, and Exhibit 10, the Amendment to the Employment Agreement dated July 2, 2004. Investors should consult these exhibits for a more comprehensive understanding of the retirement and its terms.