8-KEarnings & ResultsLeadership ChangesExhibits & Filings

CONOCOPHILLIPS 8-K Report, Financial Results (Apr 2, 2009)

Filed April 2, 2009For Securities:COP

Summary

ConocoPhillips (COP) filed an 8-K on April 2, 2009, to report on its first-quarter 2009 interim update and announce senior management changes. The press release, furnished as Exhibit 99, provides preliminary first-quarter results, though specific financial details are not detailed within the 8-K itself but are referenced as being in the separate press release. This filing also announces immediate appointments for two executive officers, effective April 1, 2009. Rand C. Berney moves to Senior Vice President of Corporate Shared Services, and Glenda M. Schwarz is appointed Vice President and Controller. These personnel changes are effective immediately and their compensation is tied to existing executive programs.

Key Highlights

  • 1ConocoPhillips issued a press release on April 2, 2009, providing a first-quarter 2009 interim update.
  • 2The 8-K filing incorporates this press release (Exhibit 99) by reference for detailed financial information.
  • 3Effective April 1, 2009, Rand C. Berney was appointed Senior Vice President, Corporate Shared Services.
  • 4Effective April 1, 2009, Glenda M. Schwarz was appointed Vice President and Controller.
  • 5Glenda M. Schwarz's prior roles included General Auditor and Chief Ethics Officer.
  • 6Executive officers' compensation is aligned with the compensation programs described in the company's 2009 Proxy Statement.
  • 7The filing also serves as an update on the company's financial condition and results of operations.

Frequently Asked Questions

This 8-K filing primarily serves to update investors on ConocoPhillips' preliminary first-quarter 2009 financial results through a furnished press release and to announce significant changes in senior management.

The detailed first-quarter 2009 financial results are provided in the press release issued by ConocoPhillips on April 2, 2009, which is furnished as Exhibit 99 to this 8-K filing and incorporated by reference.

The key management changes are the appointment of Rand C. Berney as Senior Vice President, Corporate Shared Services, and Glenda M. Schwarz as Vice President and Controller, both effective immediately as of April 1, 2009.

The compensation for these executive officers is determined under the same compensation programs as the company's named executive officers, as detailed in ConocoPhillips' 2009 Proxy Statement.