Current Report Filing (8-k)

Date : 05/10/2018 @ 4:56PM
Source : Edgar (US Regulatory)
Stock : Occidental Petroleum Corp. (OXY)
Quote : 79.38  0.0 (0.00%) @ 7:00AM

Current Report Filing (8-k)

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): May 4, 2018

 

 

OCCIDENTAL PETROLEUM CORPORATION

(Exact Name of Registrant as Specified in its Charter)

 

 

 

Delaware   1-9210   95-4035997

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

5 Greenway Plaza, Suite 110

Houston, Texas

  77046
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code: (713) 215-7000

Not Applicable

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company    ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.    ☐

 

 

 


Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

As described under Item 5.07 below, Occidental Petroleum Corporation (the “Company”) held its 2018 Annual Meeting of Stockholders (the “Annual Meeting”) on May 4, 2018. At the Annual Meeting, the Company’s stockholders approved the Second Amendment (“Second Amendment”) to the Occidental Petroleum Corporation 2015 Long-Term Incentive Plan (the “LTIP”) to increase the number of shares available for grant thereunder by an additional 45 million shares. A summary of the LTIP, as amended, is set forth in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on March 22, 2018 (the “Proxy Statement”). That summary, and the above description of the Second Amendment, are qualified in their entirety by reference to the actual terms of the LTIP, the First Amendment to the LTIP, and the Second Amendment, which are attached as Annex A, Annex B and Annex C, respectively, to the Proxy Statement, and incorporated herein by reference.

 

Item 5.07 Submission of Matters to a Vote of Security Holders.

The following actions were taken at the Company’s Annual Meeting on May 4, 2018, for which proxies were solicited pursuant to Regulation 14A under the Securities Exchange Act of 1934, as amended, and the final number of votes cast for, against or withheld, and broker non-votes for each matter are set forth below.

 

1. The eleven nominees proposed by the Board of Directors were elected by the following votes:

 

Nominee

   For      % For     Against      Abstain      Broker Non-
Votes
 

Spencer Abraham

     464,158,108        77.59     134,043,749        1,195,764        75,030,791  

Howard I. Atkins

     595,164,921        99.44     3,317,834        914,866        75,030,791  

Eugene L. Batchelder

     594,081,340        99.26     4,392,620        923,661        75,030,791  

John E. Feick

     584,303,956        97.62     14,186,776        906,889        75,030,791  

Margaret M. Foran

     590,604,962        98.67     7,935,455        857,204        75,030,791  

Carlos M. Gutierrez

     594,848,551        99.39     3,627,926        921,144        75,030,791  

Vicki Hollub

     596,452,326        99.65     2,084,016        861,279        75,030,791  

William R. Klesse

     592,937,358        99.07     5,545,025        915,238        75,030,791  

Jack B. Moore

     588,966,060        98.41     9,504,307        927,254        75,030,791  

Avedick B. Poladian

     587,660,245        98.19     10,786,718        950,658        75,030,791  

Elisse B. Walter

     596,361,034        99.63     2,169,426        867,161        75,030,791  

 

2. The advisory vote to approve named executive officer compensation was approved by the Company’s stockholders by the following vote:

 

For

  

% For

  

Against

  

Abstain

  

Broker Non-Votes

575,682,730

   96.04%    21,073,648    2,641,243    75,030,791

 

3. The proposal to approve the Second Amendment to the 2015 LTIP to increase the number of shares available for grant was approved by the Company’s stockholders by the following vote:

 

For

  

% For

  

Against

  

Abstain

  

Broker Non-Votes

561,489,931

   93.67%    36,228,092    1,679,598    75,030,791

 

4. The ratification of the selection of KPMG as independent auditor for the year ending December 31, 2018, was approved by the Company’s stockholders by the following vote:

 

For

  

% For

  

Against

  

Abstain

    

661,977,281

   98.15%    11,373,901    1,077,230   


Item 9.01 Financial Statements and Exhibits .

 

  (d) Exhibits.

 

Exhibit
No.
  

Description

99.1    Occidental Petroleum Corporation 2015 Long-Term Incentive Plan (incorporated by reference to Annex A to our Definitive Proxy Statement on Schedule 14A filed on March 22, 2018).
99.2    First Amendment to the Occidental Petroleum Corporation 2015 Long-Term Incentive Plan (incorporated by reference to Annex B to our Definitive Proxy Statement on Schedule 14A filed on March 22, 2018).
99.3    Second Amendment to the Occidental Petroleum Corporation 2015 Long-Term Incentive Plan (incorporated by reference to Annex C to our Definitive Proxy Statement on Schedule 14A filed on March 22, 2018).


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: May 10, 2018     OCCIDENTAL PETROLEUM CORPORATION
    By:   /s/ Jennifer M. Kirk
    Name:   Jennifer M. Kirk
    Title:  

Vice President, Controller and

Principal Accounting Officer

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