8-K/ALeadership Changes

EXXON MOBIL CORP 8-K/A Report, Executive Changes (Jan 26, 2023)

Filed January 26, 2023For Securities:XOM

Summary

Exxon Mobil Corporation (XOM) has filed an Amendment (8-K/A) to its previous 8-K filing, primarily to provide updated details on the committee assignments for two newly elected directors. John D. Harris II and Lawrence W. "Larry" Kellner, who were elected as non-employee directors effective January 1, 2023, have now been assigned to specific Board committees. This amendment is a procedural update, ensuring transparency and comprehensive disclosure regarding the governance structure of the company. For investors, this filing reinforces the company's commitment to good governance practices. The specific committee assignments are important as they indicate the areas of focus for these new directors and the Board's strategic priorities. Mr. Harris will serve on the Audit Committee and the Compensation Committee, suggesting a focus on financial oversight and executive remuneration. Mr. Kellner will be a member of the Nominating and Governance Committee and the Environment, Safety and Public Policy Committee, indicating a focus on corporate structure, director nominations, and environmental, social, and governance (ESG) matters.

Key Highlights

  • 1Amendment filed to supplement original 8-K with additional Board committee assignments.
  • 2John D. Harris II appointed to the Audit Committee and Compensation Committee.
  • 3Lawrence W. "Larry" Kellner appointed to the Nominating and Governance Committee and the Environment, Safety and Public Policy Committee.
  • 4These appointments are effective as of January 24, 2023.
  • 5New directors John D. Harris II and Larry Kellner commenced their directorships on January 1, 2023.
  • 6This filing is an amendment to clarify Item 5.02(d) of the original filing and does not alter other disclosures.

Frequently Asked Questions

The primary purpose of this 8-K/A filing is to provide additional disclosure regarding the specific committee assignments for two newly appointed non-employee directors, John D. Harris II and Lawrence W. Kellner, which were not detailed in the original 8-K filing.

John D. Harris II will serve on the Audit Committee and the Compensation Committee. Lawrence W. Kellner will serve on the Nominating and Governance Committee and the Environment, Safety and Public Policy Committee.

The Board committee appointments for Mr. Harris and Mr. Kellner became effective on January 24, 2023.

No, this filing is an amendment solely to supplement Item 5.02(d) with the committee assignments. It does not amend, update, or change any other items or disclosures contained in the original 8-K filed on December 2, 2022.