ConocoPhillips Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by ConocoPhillips on May 10, 2006. The report addresses a specific corporate governance event regarding the Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to a personnel change and does not contain financial performance data.
Material Changes
Effective May 10, 2006, Mr. Larry D. Horner retired from the Company's Board of Directors. This departure was executed in accordance with the Company's By-laws and Corporate Governance Guidelines, which mandate that a director's term automatically terminates following the annual shareholder meeting after the director attains the age of 72.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies beyond the standard retirement provision.
Key Facts for Investor Verification
- Mr. Larry D. Horner retired from the Board of Directors effective May 10, 2006.
- The retirement was triggered by the mandatory age limit of 72 under the Company's governance guidelines.
- No financial results or operational updates are included in this specific filing.