Summary
Chesapeake Energy Corporation (the "Company") filed an 8-K on October 6, 2010, primarily detailing two key events. Firstly, Kathleen Eisbrenner was appointed to the Board of Directors, effective December 1, 2010, and is expected to serve on the Nominating and Corporate Governance Committee and the Compensation Committee. Her compensation will align with that of other non-employee directors, with her 2010 retainer pro-rated. This appointment appears to be standard with no pre-existing arrangements or material interests disclosed. Secondly, the 8-K reports on several press releases, including the company's corporate band, "Shaleplay," winning first place in FORTUNE magazine's 10th Annual Battle of the Corporate Bands. Additionally, the Company announced the date for its 2010 third-quarter financial and operational results release and provided details for accessing the associated conference call, signaling upcoming financial disclosures to investors.
Key Highlights
- 1Kathleen Eisbrenner appointed to Chesapeake Energy's Board of Directors, effective December 1, 2010.
- 2Ms. Eisbrenner is expected to join the Nominating and Corporate Governance Committee and the Compensation Committee.
- 3Director compensation for Ms. Eisbrenner will be commensurate with other non-employee directors, with a pro-rated retainer for 2010.
- 4No undisclosed arrangements or material interests associated with Ms. Eisbrenner's directorship were reported.
- 5Chesapeake Energy's corporate band, "Shaleplay," won first place in FORTUNE magazine's 10th Annual Battle of the Corporate Bands.
- 6The Company announced the release date for its 2010 third-quarter financial and operational results and provided conference call access information.