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The company said its board of directors appointed Ben C. Rodgers as executive vice president and chief financial officer on April 11, 2025, effective May 12, 2025.

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

Key points

AI summary
  1. The company said its board of directors appointed Ben C. Rodgers as executive vice president and chief financial officer on April 11, 2025, effective May 12, 2025.

  2. The company said Stephen J. Riney, who currently serves as president and chief financial officer, will continue as president after the effective date on May 12, 2025. It explained that Riney will oversee asset development and operations.

  3. The company said the MD&C Committee approved an annual base salary of $625,000 for Rodgers, a target annual incentive of 100% of base salary, and a target long-term incentive of 350%. The base salary and annual incentive apply from May 12, 2025, and the long-term incentive applies from January 1, 2026.

  4. APA Corporation said Shad Frazier joined as senior vice president, U.S. Onshore Operations, effective immediately, and Donald Martin will join as vice president, Decommissioning, effective May 26, 2025. It said both executives were added to Riney's team.

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.

Ben C. Rodgers Named Chief Financial Officer

The company said its board of directors appointed Ben C. Rodgers as executive vice president and chief financial officer on April 11, 2025, effective May 12, 2025.

Source · Based on the filing body and exhibits

Stephen J. Riney Continues as President

The company said Stephen J. Riney, who currently serves as president and chief financial officer, will continue as president after the effective date on May 12, 2025. It explained that Riney will oversee asset development and operations.

Source · Based on the filing body and exhibits

Rodgers Compensation Terms Approved

The company said the MD&C Committee approved an annual base salary of $625,000 for Rodgers, a target annual incentive of 100% of base salary, and a target long-term incentive of 350%. The base salary and annual incentive apply from May 12, 2025, and the long-term incentive applies from January 1, 2026.

Source · Based on the filing body and exhibits

2 Operations Executives Added

APA Corporation said Shad Frazier joined as senior vice president, U.S. Onshore Operations, effective immediately, and Donald Martin will join as vice president, Decommissioning, effective May 26, 2025. It said both executives were added to Riney's team.

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.