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EX-10.1 - EX-10.1 - CONOCOPHILLIPSd726686dex101.htm

 

 

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 14, 2014 (May 13, 2014)

 

 

ConocoPhillips

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-32395   01-0562944

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

600 North Dairy Ashford

Houston, Texas 77079

(Address of principal executive offices and zip code)

Registrant’s telephone number, including area code: (281) 293-1000

n/a

(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:

 

¨ 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))

 

 

 


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

As described in Item 5.07 below, ConocoPhillips (the “Company”) held its 2014 Annual Meeting of Stockholders (the “Annual Meeting”) on May 13, 2014. At the Annual Meeting, the Company’s stockholders approved the 2014 Omnibus Stock and Performance Incentive Plan of ConocoPhillips (the “Omnibus Plan”), which was unanimously adopted by the Company’s Board of Directors on February 19, 2014 subject to stockholder approval at the Annual Meeting. The effective date of the Omnibus Plan is May 13, 2014.

The Omnibus Plan will replace the Company’s 2011 Omnibus Stock and Performance Incentive Plan (the “Prior Plan”), and provides for the issuance of up to 79 million shares of common stock for compensation to the Company’s employees and non-employee directors, consisting of 37 million new shares and approximately 42 million shares outstanding under the Prior Plan. The Human Resources and Compensation Committee of the Company’s Board of Directors determines the type of employee awards made under the Omnibus Plan, designates the classes of employees who are eligible recipients of awards, and approves grants for those employees considered, under the charter of the Committee, to be senior officers of the Company. The Board of Directors determines the type of awards made to directors. Such awards may consist of stock options, stock appreciation rights, stock awards (consisting of restricted stock and non-restricted grants of common stock or units denominated in common stock), cash awards or performance awards. Awards are subject to the terms, conditions and limitations as determined by the Board of Directors or the Human Resources and Compensation Committee, as appropriate.

The Omnibus Plan is attached as Exhibit 10.1. A description of the material terms and conditions of the Omnibus Plan is provided under the heading “Summary of Our 2014 Omnibus Stock and Performance Incentive Plan” on pages 71-74 of the Company’s proxy statement filed with the Securities and Exchange Commission on March 28, 2014, which description is incorporated herein by reference.

 

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

The Company held its Annual Meeting on May 13, 2014. A brief description of each proposal submitted at the Annual Meeting and the voting results are summarized below.

A Company proposal to elect 10 directors:

 

     Number of Shares  
     Voted For      Voted Against      Abstentions      Broker
Nonvotes
 

Richard L. Armitage

     809,364,213         21,353,946         3,732,441         226,136,548   

Richard H. Auchinleck

     728,862,781         101,724,745         3,863,074         226,136,548   

Charles E. Bunch

     805,664,029         25,033,759         3,752,812         226,136,548   

James E. Copeland, Jr.

     815,190,408         15,617,712         3,642,480         226,136,548   

Jody L. Freeman

     822,359,856         8,423,333         3,667,411         226,136,548   

Gay Huey Evans

     813,205,491         17,542,835         3,702,274         226,136,548   

Ryan M. Lance

     805,173,834         23,255,163         6,021,603         226,136,548   

Robert A. Niblock

     812,407,917         18,324,192         3,718,491         226,136,548   

Harald J. Norvik

     818,049,993         12,693,798         3,706,809         226,136,548   

William E. Wade, Jr.

     806,649,592         23,956,378         3,844,630         226,136,548   


A Company proposal to ratify the appointment of Ernst & Young LLP as ConocoPhillips’ independent registered public accounting firm for 2014:

 

     Number of Shares  
     Voted For      Voted Against      Abstentions      Broker Nonvotes  

Ratification of Appointment of Ernst & Young LLP as ConocoPhillips’ Independent Registered Public Accounting Firm

     972,986,931         83,463,075         4,137,142         —     

A Company proposal for stockholders to provide an advisory approval of the compensation of our Named Executive Officers:

 

     Number of Shares  
     Voted For      Voted Against      Abstentions      Broker Nonvotes  

Advisory Approval of the
Compensation of our Named
Executive Officers

     786,103,075         40,539,858         7,807,667         226,136,548   

A Company proposal to approve the Omnibus Plan:

 

     Number of Shares  
     Voted For      Voted Against      Abstentions      Broker Nonvotes  

Approval of 2014 Omnibus Stock and
Performance Incentive Plan of
ConocoPhillips

     747,681,105         80,325,941         6,443,554         226,136,548   

Results of stockholder proposals submitted to a vote were:

 

     Number of Shares  
     Voted For      Voted Against      Abstentions      Broker Nonvotes  

Report on Lobbying Expenditures

     180,310,425         532,655,491         121,484,684         226,136,548   

Greenhouse Gas Reduction Targets

     179,706,651         518,133,997         136,609,952         226,136,548   

All 10 nominated directors were elected and the appointment of the independent auditors was ratified. The compensation of the Company’s named executive officers in 2013 was approved and the Omnibus Plan was approved. The two stockholder proposals presented were not approved.

 

Item 9.01. Financial Statements and Exhibits

 

(d)    Exhibits
10.1    2014 Omnibus Stock and Performance Incentive Plan of ConocoPhillips


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.

 

    CONOCOPHILLIPS
      /s/ Janet Langford Kelly
May 14, 2014       Janet Langford Kelly
     

Senior Vice President, Legal,

General Counsel and Corporate Secretary

EXHIBIT INDEX

 

Exhibit

No.

  

Document Description

10.1    2014 Omnibus Stock and Performance Incentive Plan of ConocoPhillips