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): January 22, 2015

 

 

APACHE CORPORATION

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   1-4300   41-0747868

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

2000 Post Oak Boulevard

Suite 100

Houston, Texas 77056-4400

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (713) 296-6000

 

 

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

On January 22, 2015, Apache Corporation (the “Company”) announced that Stephen J. Riney will be appointed as the Company’s Executive Vice President and Chief Financial Officer and is expected to commence employment with the Company in February. P. Anthony Lannie will cease service as our chief financial officer after Mr. Riney commences employment with the Company. Mr. Lannie, who served as interim Chief Financial Officer, will continue to serve as the Company’s Executive Vice President and General Counsel.

Prior to his appointment as Apache’s Chief Financial Officer, Mr. Riney, 54, served as the chief financial officer for BP exploration and production and oversaw all accounting, business development, planning and commercial operations for the upstream segment. Previously, he served as the global head of mergers and acquisitions and held several management positions in project finance, insurance, operations and planning. Prior to the merger with BP, Mr. Riney spent nine years with Amoco in various management roles in finance, mergers and acquisitions, planning and marketing. Mr. Riney holds a bachelor’s degree in accounting from the University of Notre Dame and a MBA from the University of Chicago.

In connection with his appointment as Chief Financial Officer, Mr. Riney will receive a grant of 45,000 restricted stock units.

Other than the grant of the RSUs discussed above, no material plan, contract, or arrangement was entered into or materially amended in connection with Mr. Riney’s appointment, and there was no other grant or award to Mr. Riney or modification thereto under any such plan, contract, or arrangement in connection with his appointment.

Mr. Riney has (i) no family relationship with any director or other executive officer of the Company or any person nominated or chosen by the Company to become a director or executive officer and (ii) is not a party to any related person transaction with the Company.

A copy of the press release announcing Mr. Riney’s upcoming appointment, dated January 22, 2015, is attached as an exhibit to this Form 8-K and incorporated herein by reference.

 

Item 9.01. Financial Statements and Exhibits

(d) Exhibits.

 

Exhibit No.    Description
99.1    Press Release of Apache Corporation, dated January 22, 2015.


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.

 

      APACHE CORPORATION
Date: January 22, 2015      

/s/ Cheri L. Peper

      Cheri L. Peper
      Corporate Secretary


INDEX TO EXHIBITS

 

Exhibit No.

  

Description

99.1    Press Release of Apache Corporation, dated January 22, 2015.


Exhibit 99.1

 

LOGO    NEWS RELEASE

APACHE ANNOUNCES APPOINTMENT OF NEW CHIEF FINANCIAL OFFICER

HOUSTON, Jan. 22, 2015 – Apache Corporation (NYSE, Nasdaq: APA) announced today Stephen Riney will be appointed as executive vice president and chief financial officer. He is scheduled to begin in February.

Riney brings over 30 years of financial and accounting experience to the position. He joins Apache following a distinguished career at BP, plc. where he worked following the merger with Amoco in 1998. Most recently, Riney served as the chief financial officer for BP exploration and production and oversaw all accounting, business development, planning and commercial operations for the upstream segment. Previously, he served as the global head of mergers and acquisitions and held several management positions in project finance, insurance, operations and planning. Prior to the merger with BP, Riney spent nine years with Amoco in various management roles in finance, mergers and acquisitions, planning and marketing.

“We are very excited to welcome Steve to the Apache executive team. He brings decades of experience and thoughtful leadership to Apache. His background in the upstream business complements both our operations and long-term growth objectives,” said John J. Christmann, IV, chief executive officer and president.

“It is an honor to join Apache, a company I have long admired for its strong operational reputation and its fiscal discipline. I look forward to working with management and serving Apache’s shareholders,” Riney said. “Apache has a strong finance team, and we are well positioned to continue the company’s commitment to delivering shareholder value through profitable growth and a disciplined financial approach.”

 

LOGO


APACHE ANNOUNCES NEW CHIEF FINANCIAL OFFICER

 

Riney holds an MBA from The University of Chicago Booth School of Business and a BBA in accounting and finance from the University of Notre Dame.

About Apache

Apache Corporation is an oil and gas exploration and production company with operations in the United States, Canada, Egypt, the United Kingdom and Australia. Apache posts announcements, operational updates, investor information and all press releases on its website, www.apachecorp.com.

Contacts

 

Investor:    (281) 302-2286 Gary Clark
Media:    (713) 296-7189 Castlen Kennedy
Website:    www.apachecorp.com

-end-

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