AI English summary of an SEC filing — figures as filed

The company said its Board appointed President and Chief Executive Officer and director Mark E. Lashier as Chairman of the Board on March 8, 2024.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Mar 12, 2024Period of report Mar 8, 2024Summary published (UTC) Oct 28, 2026

Key points

AI summary

The company said its Board appointed President and Chief Executive Officer and director Mark E. Lashier as Chairman of the Board on March 8, 2024.
The company said Mark E. Lashier's appointment as Chairman of the Board takes effect immediately before the 2024 Annual Meeting of Shareholders, scheduled for May 15, 2024.
Greg C. Garland, the current Executive Chairman and former President and Chief Executive Officer, will step down from the Board at that time, and the Board will be reduced from 14 directors to 13, the company said.
Phillips 66 said Glenn F. Tilton will continue as Lead Independent Director. The company explained that these actions are part of the Board's multi-year succession planning process and will be described in more detail in the Proxy Statement for the 2024 Annual Meeting of Shareholders.

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.

Mark E. Lashier Named Chairman of the Board

The company said its Board appointed President and Chief Executive Officer and director Mark E. Lashier as Chairman of the Board on March 8, 2024.

Source · Based on the filing body and exhibits

Timing of Chairman Appointment

The company said Mark E. Lashier's appointment as Chairman of the Board takes effect immediately before the 2024 Annual Meeting of Shareholders, scheduled for May 15, 2024.

Source · Based on the filing body and exhibits

Greg C. Garland Leaves Board; Board Size Reduced

Greg C. Garland, the current Executive Chairman and former President and Chief Executive Officer, will step down from the Board at that time, and the Board will be reduced from 14 directors to 13, the company said.

Source · Based on the filing body and exhibits

Glenn F. Tilton Remains Lead Independent Director; Succession Planning

Phillips 66 said Glenn F. Tilton will continue as Lead Independent Director. The company explained that these actions are part of the Board's multi-year succession planning process and will be described in more detail in the Proxy Statement for the 2024 Annual Meeting of Shareholders.

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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