AI English summary of an SEC filing — figures as filed

The company said the board increased its size to 13 members on January 26, 2024, and the increase takes effect on March 1, 2024.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Jan 31, 2024Period of report Jan 26, 2024Summary published (UTC) Oct 31, 2026

Key points

AI summary

The company said the board increased its size to 13 members on January 26, 2024, and the increase takes effect on March 1, 2024.
Marathon Petroleum said the board elected Eileen P. Drake and Kimberly N. Ellison-Taylor as directors, and their elections take effect on March 1, 2024.
The company said it assigned Drake to the Compensation and Organization Development Committee and the Sustainability and Public Policy Committee, and Ellison-Taylor to the Audit Committee and the Corporate Governance and Nominating Committee. All assignments take effect on March 1, 2024.
Marathon Petroleum said the two new directors, as non-employee directors, will be compensated in the same manner as its other non-employee directors. It said it had already disclosed the terms of that director compensation in its Schedule 14A definitive proxy statement filed on March 13, 2023.

Summary

AI-written

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

Board Expanded to 13 Members

The company said the board increased its size to 13 members on January 26, 2024, and the increase takes effect on March 1, 2024.

Source · Based on the filing body and exhibits

Election of 2 New Directors

Marathon Petroleum said the board elected Eileen P. Drake and Kimberly N. Ellison-Taylor as directors, and their elections take effect on March 1, 2024.

Source · Based on the filing body and exhibits

Committee Assignments

The company said it assigned Drake to the Compensation and Organization Development Committee and the Sustainability and Public Policy Committee, and Ellison-Taylor to the Audit Committee and the Corporate Governance and Nominating Committee. All assignments take effect on March 1, 2024.

Source · Based on the filing body and exhibits

Compensation Method for Non-Employee Directors

Marathon Petroleum said the two new directors, as non-employee directors, will be compensated in the same manner as its other non-employee directors. It said it had already disclosed the terms of that director compensation in its Schedule 14A definitive proxy statement filed on March 13, 2023.

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.

View the original filing on SEC EDGAR ↗

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