secwatch.observer — SEC 8-K summary
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Issuer:     Phillips 66 (PSX)
CIK:        0001534701
Form:       8-K
Filed at:   2022-04-12T23:59:59+00:00
Accession:  0001193125-22-103000
Event type: leadership
Sentiment:  positive
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Phillips 66 CEO Greg Garland to retire July 1; Mark Lashier named successor
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- Greg Garland retires as CEO effective July 1, 2022, remains Executive Chairman until 2024.
- Mark Lashier, current President and COO, appointed President and CEO effective July 1, 2022.
- Garland's base salary reduced to $1M from $1.675M; Lashier's base salary set at $1.5M.
- Under Garland, company returned $29B to shareholders, raised dividend 10 times (CAGR 17%).
- Lashier previously served as President and CEO of Chevron Phillips Chemical from 2017 to 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534701/000119312522103000/0001193125-22-103000-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534701/000119312522103000/d297719d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-103000

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