Summary
EOG Resources Inc. (EOG) filed an 8-K on April 18, 2006, to address shareholder inquiries concerning disclosures made in their March 30, 2006, Definitive Proxy Statement. The primary focus of this filing is to clarify the attendance record of a board member, William D. Stevens, for the fiscal year 2005. Mr. Stevens, a director since July 2004 and nominated for reelection, attended 60% of the board and committee meetings in 2005. The company explains this lower attendance was due to an extended, pre-planned trip that caused him to miss one set of board and committee meetings held in February 2005. EOG normally schedules four board meetings annually, with associated committee meetings held as needed over two-day periods. The company notes that absence from a single set of these meetings can result in attendance falling below 75%, depending on the committee meeting schedule.
Key Highlights
- 1EOG Resources is clarifying board meeting attendance disclosures from its Proxy Statement.
- 2Director William D. Stevens attended 60% of board and committee meetings in 2005.
- 3The reduced attendance was due to a pre-planned extended trip by Mr. Stevens.
- 4Mr. Stevens missed one set of board and committee meetings held on February 23-24, 2005.
- 5EOG typically holds four scheduled board meetings per year, with additional committee meetings.
- 6The company explains that missing one set of meetings can lead to attendance below 75%.