8-KLeadership ChangesExhibits & Filings

EXPAND ENERGY Corp 8-K Report, Executive Changes (Sep 12, 2017)

Filed September 12, 2017For Securities:EXEEXEELEXEEWEXEEZ

Summary

Chesapeake Energy Corporation (CHK) announced a significant addition to its Board of Directors with the appointment of Leslie Starr Keating, effective September 11, 2017. Ms. Keating brings her expertise to the Board and will actively participate in key committees, including the Audit Committee and the Compensation Committee. This appointment is a strategic move to enhance the board's oversight capabilities, particularly in financial and executive compensation matters. As a non-employee director, Ms. Keating will receive standard compensation designed to align her interests with those of shareholders. This includes an annual retainer of $100,000 and a restricted stock unit grant valued at approximately $250,000, with prorated awards for the remainder of 2017. The company will also enter into a standard indemnity agreement. The filing confirms that Ms. Keating's appointment is independent and free from any conflicts of interest or related-party transactions requiring disclosure.

Key Highlights

  • 1Leslie Starr Keating appointed to Chesapeake Energy Corporation's Board of Directors.
  • 2Ms. Keating will serve on the Audit Committee and Compensation Committee.
  • 3Appointment of a new director suggests a focus on strengthening board oversight.
  • 4Ms. Keating's compensation includes an annual retainer of $100,000.
  • 5She will receive an annual restricted stock unit grant valued at approximately $250,000.
  • 6Compensation for 2017 will be prorated for cash and restricted stock units.
  • 7The company has confirmed no related-party transactions or undisclosed arrangements concerning Ms. Keating's appointment.

Frequently Asked Questions

Leslie Starr Keating has been appointed as a new non-employee director to the Board of Directors of Chesapeake Energy Corporation. While the filing does not detail her specific professional background, her appointment to the Audit and Compensation committees suggests a focus on strengthening financial oversight and executive compensation practices.

Ms. Keating will receive the standard compensation package for non-employee directors, which includes an annual cash retainer of $100,000, paid quarterly, and an annual grant of restricted stock units valued at approximately $250,000. For the remainder of 2017, these awards will be prorated.

No, the filing explicitly states that there are no arrangements or understandings between Ms. Keating and the Company or any other person related to her appointment. Furthermore, she is not related to any officer or director, and there are no transactions or relationships requiring disclosure under Item 404(a) of Regulation S-K.

Her placement on the Audit Committee indicates a focus on financial reporting integrity and internal controls, while her membership on the Compensation Committee suggests a direct role in overseeing executive pay and incentive structures. These are critical areas for investor confidence and corporate governance.