8-KLeadership ChangesRegulation FDExhibits & Filings

EXPAND ENERGY Corp 8-K Report, Executive Changes (Oct 6, 2010)

Filed October 6, 2010For Securities:EXEEXEELEXEEWEXEEZ

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.

Frequently Asked Questions

Kathleen Eisbrenner has been appointed to the Board of Directors of Chesapeake Energy, effective December 1, 2010. The filing does not provide specific background information on Ms. Eisbrenner beyond her expected committee assignments, but her appointment is presented as a standard addition to the board.

Ms. Eisbrenner will receive compensation that is standard for the Company's non-employee directors. Her annual retainer will be pro-rated to reflect her service period in 2010. Further details on director compensation can be found by referencing the Company's "2009 Directors’ Compensation" in its April 30, 2010, proxy statement.

The 8-K filing announces that Chesapeake Energy will issue its 2010 third-quarter financial and operational results on a date to be specified in a press release. The filing also mentions information for accessing the related conference call.

No, the filing explicitly states that there are no arrangements or understandings between Ms. Eisbrenner and any other person related to her election as a director. Furthermore, she has had no direct or indirect material interest in any transactions contemplated by Item 404(a) of Regulation S-K.