SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
July 16, 2018
Date of Report (Date of earliest event reported)
DEVON ENERGY CORPORATION
(Exact Name of Registrant as Specified in its Charter)
(State or Other Jurisdiction of
|(Commission File Number)|| |
|333 W. SHERIDAN AVE., OKLAHOMA CITY, OK||73102-5015|
|(Address of Principal Executive Offices)||(Zip Code)|
Registrants telephone number, including area code: (405) 235-3611
(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))|
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.|
On July 16, 2018, Devon Energy Corporation (the Company) decided to eliminate the position of Executive Vice President, Administration, effective August 1, 2018 (the Effective Date). As a result, R. Alan Marcum, who currently serves in such capacity, will leave the Company on the Effective Date. Mr. Marcum is expected to continue in his role through the Effective Date to assist with the transition of his roles and responsibilities.
Pursuant to Mr. Marcums previously disclosed compensation arrangements, Mr. Marcum is eligible to receive a severance package including, among other things, a lump-sum cash payment equal to three times the sum of his annual base salary and bonus, as well as the acceleration or continued vesting, as applicable, of outstanding long-term incentive awards.
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 thereunto duly authorized.
|DEVON ENERGY CORPORATION|
|Date: July 20, 2018||/s/ Carla D. Brockman|
|Carla D. Brockman|
|Vice President Corporate Governance and Secretary|