Form 8-K · Current Report · Filed 2025-02-18
Phillips 66 Announces Board Member Departures
On February 12, 2025, Gary K. Adams and Denise L. Ramos informed the Board of Directors of Phillips 66 of their intent not to stand for reelection to the Board at the Company's 2025 Annual Meeting. This decision was part of the Board's ongoing refreshment activities, as described in the Company's 2024 definitive proxy statement, and was not due to any disagreements. Both directors will continue to serve until the Annual Meeting, after which the Board size will be reduced from 14 to 12 directors.
- Filer
- Phillips 66 PSX · NYSE
- Filed
- Accession
- 0001193125-25-028041
- CIK
- 0001534701
- Signal
- Medium impactEnergy
- Source
- Official filing on sec.gov ↗
Items reported
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Market reaction
Close before filing
$128.04
Next session
+1.5%
Since filing
+65.3%
Latest close
$211.68
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from PSX reporting the same item, with the next session's move:
About Phillips 66
Phillips 66 is a renowned American multinational energy company involved in refining, transporting, and marketing petroleum products. Engaging primarily as a downstream sector entity, Phillips 66 operates an extensive network of refineries, pipelines, and retail stations across the globe. The company's main function is to refine crude oil into marketable fuels such as gasoline, diesel, and jet fuel, as well as petrochemical products that serve as building blocks for various industrial applications. Additionally, Phillips 66 is known for its logistics and midstream operations, which include pipelines and trucking services that facilitate efficient energy distribution. The company plays a critical role in the energy sector, impacting industries ranging from transportation to manufacturing. By maintaining a strategic focus on safety, environmental stewardship, and operational excellence, Phillips 66 contributes significantly to the global energy supply chain. Established in 1875 and headquartered in Houston, Texas, Phillips 66 continues to provide essential energy solutions while adapting to evolving market dynamics and sustainability demands.
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