AI English summary of an SEC filing — figures as filed

Phillips 66 said on February 13, 2024 it increased the size of its board from 13 to 14 members and appointed Robert W. Pease as a director, effective immediately.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Feb 15, 2024Period of report Feb 13, 2024Summary published (UTC) Oct 28, 2026

Key points

AI summary

Phillips 66 said on February 13, 2024 it increased the size of its board from 13 to 14 members and appointed Robert W. Pease as a director, effective immediately.
The company said Pease was placed in the class of directors whose term expires at its 2025 annual shareholder meeting and that he meets the requirements for an independent director.
Phillips 66 said it assigned Pease to the Audit and Finance Committee, the Nominating and Governance Committee and the Public Policy and Sustainability Committee.
Phillips 66 said Pease, who is 65, previously held executive roles at Cenovus Energy and served as chief executive of Motiva Enterprises LLC, and that he will receive a pro-rated award under the company's standard compensation arrangements for non-employee directors.

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 from 13 to 14 members

Phillips 66 said on February 13, 2024 it increased the size of its board from 13 to 14 members and appointed Robert W. Pease as a director, effective immediately.

Source · Based on the filing body and exhibits

Pease's term and independent director status

The company said Pease was placed in the class of directors whose term expires at its 2025 annual shareholder meeting and that he meets the requirements for an independent director.

Source · Based on the filing body and exhibits

Pease assigned to board committees

Phillips 66 said it assigned Pease to the Audit and Finance Committee, the Nominating and Governance Committee and the Public Policy and Sustainability Committee.

Source · Based on the filing body and exhibits

Pease's background and compensation terms

Phillips 66 said Pease, who is 65, previously held executive roles at Cenovus Energy and served as chief executive of Motiva Enterprises LLC, and that he will receive a pro-rated award under the company's standard compensation arrangements for non-employee directors.

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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