Phillips 66 Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Phillips 66 on June 4, 2014, reporting events occurring on June 1, 2014. The filing addresses a significant change in the company's executive leadership structure.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and personnel changes rather than financial performance.
Material Changes
- Appointment of President: Effective June 1, 2014, Tim G. Taylor was named President of Phillips 66.
- Background: Mr. Taylor previously served as Executive Vice President, Commercial, Marketing, Transportation and Business Development since April 30, 2012.
- CEO Role Continuity: Greg C. Garland, who has served as Chairman of the Board, President, and Chief Executive Officer since April 30, 2012, will continue to serve as Chairman of the Board and Chief Executive Officer.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items. The document is limited to the announcement of the officer appointment.
Key Facts for Investor Verification
- Confirm the effective date of Tim G. Taylor's appointment as President (June 1, 2014).
- Verify that Greg C. Garland retains the titles of Chairman and CEO while relinquishing the title of President.
- Review Mr. Taylor's full biography as referenced in the 2013 Annual Report on Form 10-K (page 26) for further background.