Skip to content
ChickenStockChickenStock
ResearchFilings

AI English summary of an SEC filing — figures as filed

APA logoAPA APA

The company said its Management Development and Compensation Committee appointed Stephen J. Riney (age 63) as president and chief financial officer, effective January 1, 2024, and that the appointment was made on January 7, 2024.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said its Management Development and Compensation Committee appointed Stephen J. Riney (age 63) as president and chief financial officer, effective January 1, 2024, and that the appointment was made on January 7, 2024.

  2. APA said John J. Christmann IV, who previously held the president role, continues as chief executive officer and a member of the Board. The company said it issued a press release announcing the appointment on January 9, 2024.

  3. The company said it approved for Riney an annual base salary of $900,000, a target annual incentive opportunity of 120% of his base salary, and a target long-term incentive opportunity of 600%, all effective from January 1, 2024.

  4. The company said Riney was appointed executive vice president on February 18, 2015 and chief financial officer effective March 3, 2015. He served as chief financial officer of BP Exploration and Production from July 2012 to January 2015.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Stephen J. Riney Appointed President and Chief Financial Officer

The company said its Management Development and Compensation Committee appointed Stephen J. Riney (age 63) as president and chief financial officer, effective January 1, 2024, and that the appointment was made on January 7, 2024.

Source · Based on the filing body and exhibits

John J. Christmann IV Remains Chief Executive Officer and Director

APA said John J. Christmann IV, who previously held the president role, continues as chief executive officer and a member of the Board. The company said it issued a press release announcing the appointment on January 9, 2024.

Source · Based on the filing body and exhibits

Riney Pay Terms: Base Salary $900,000, Target Annual Incentive 120%

The company said it approved for Riney an annual base salary of $900,000, a target annual incentive opportunity of 120% of his base salary, and a target long-term incentive opportunity of 600%, all effective from January 1, 2024.

Source · Based on the filing body and exhibits

Riney Career: Joined APA in 2015, Prior BP Experience

The company said Riney was appointed executive vice president on February 18, 2015 and chief financial officer effective March 3, 2015. He served as chief financial officer of BP Exploration and Production from July 2012 to January 2015.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.