8-KLeadership Changes

EXXON MOBIL CORP 8-K Report, Executive Changes (Dec 2, 2022)

Filed December 2, 2022For Securities:XOM

Summary

ExxonMobil announced a strategic expansion of its Board of Directors with the election of two new non-employee directors, Lawrence W. "Larry" Kellner and John D. Harris II, both effective January 1, 2023. This move signals a potential reinforcement of the company's governance and strategic oversight as it navigates the evolving energy landscape. Both new directors will receive an initial grant of 8,000 shares of restricted ExxonMobil common stock, aligning their interests with shareholders. Further details regarding their specific committee assignments are expected to be disclosed in an amendment to this filing. Investors should monitor these appointments as they may indicate shifts in board focus or expertise relevant to ExxonMobil's future operational and strategic direction.

Key Highlights

  • 1ExxonMobil elected two new non-employee directors: Lawrence W. "Larry" Kellner and John D. Harris II.
  • 2The appointments are effective January 1, 2023.
  • 3New directors will receive an initial grant of 8,000 shares of restricted common stock each.
  • 4Compensation for the new directors will align with that of other non-employee directors.
  • 5Board committee assignments for the new directors are pending and will be disclosed in an amendment.
  • 6This action indicates a potential strengthening of the company's board governance and oversight.

Frequently Asked Questions

ExxonMobil has elected Lawrence W. "Larry" Kellner and John D. Harris II as new non-employee directors.

The appointments of Mr. Kellner and Mr. Harris are effective January 1, 2023.

Each new director will receive an initial one-time grant of 8,000 shares of ExxonMobil common stock. Subsequently, they will receive the same compensation as other non-employee directors.

Initial board committee assignments for Mr. Kellner and Mr. Harris have not been determined at the time of filing. This information will be provided in an amendment to the 8-K filing when available.