8-KOther Events

DEVON ENERGY CORP/DE 8-K Report (Aug 14, 2002)

Filed August 14, 2002For Securities:DVN

Summary

Devon Energy Corporation filed an 8-K on August 14, 2002, primarily to disclose sworn statements from its CEO, J. Larry Nichols, and CFO, William T. Vaughn. These statements were made in response to the SEC's order requiring sworn affidavits concerning the accuracy of the company's financial statements and discussions with the audit committee. The filing does not provide new financial results or operational updates but addresses a specific regulatory requirement following an SEC order. Investors should note that this 8-K is focused on procedural compliance rather than new business developments. The attached exhibits (99.1 and 99.2) contain the sworn statements from the CEO and CFO, respectively, detailing their perspectives on the company's financial reporting accuracy and their interactions with the audit committee. While not offering forward-looking guidance, these statements are important in the context of the SEC's scrutiny on financial reporting during that period.

Key Highlights

  • 1Devon Energy filed an 8-K on August 14, 2002, as required by the SEC.
  • 2The filing primarily contains sworn statements from CEO J. Larry Nichols and CFO William T. Vaughn.
  • 3These statements are in response to the SEC's order regarding the accuracy of financial statements and consultations with the audit committee.
  • 4The sworn statements are attached as exhibits 99.1 and 99.2.
  • 5The filing does not disclose new financial results or operational performance.
  • 6This 8-K focuses on regulatory compliance with SEC disclosure requirements.

Frequently Asked Questions

The main purpose of this 8-K filing is to report sworn statements from Devon Energy's CEO and CFO, J. Larry Nichols and William T. Vaughn, respectively. These statements are made in accordance with an SEC order requiring officers to provide affidavits regarding the accuracy of the company's financial statements and their consultations with the audit committee.

No, this 8-K filing does not contain new financial results, operational updates, or forward-looking guidance. It is solely focused on disclosing the sworn statements required by the SEC's regulatory order.

Exhibit 99.1 is the sworn statement from J. Larry Nichols, Chief Executive Officer of Devon Energy, and Exhibit 99.2 is the sworn statement from William T. Vaughn, Chief Financial Officer. Both statements address facts and circumstances relating to the accuracy of the company's financial reporting and their engagement with the audit committee.

These sworn statements were required by the Securities and Exchange Commission's order (File No. 4-460, June 27, 2002), which mandated company executives to provide sworn affidavits concerning the accuracy of their company's financial statements and their interactions with the audit committee, particularly in light of heightened scrutiny on financial reporting during that period.