secwatch.observer — SEC 8-K summary
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Issuer:     Marathon Petroleum Corp (MPC)
CIK:        0001510295
Form:       8-K
Filed at:   2024-05-13T23:59:59+00:00
Accession:  0001510295-24-000052
Event type: leadership
Sentiment:  positive
Materiality: 0.90
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marathon Petroleum appoints Maryann Mannen as CEO, effective Aug 1, 2024
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- Maryann Mannen, current President, becomes CEO and joins the Board on August 1, 2024, succeeding Michael Hennigan.
- Michael Hennigan transitions from CEO to Executive Chairman; Board waives mandatory retirement policy for him.
- John Surma elected Lead Director; Board expands to 14 members with Mannen's election to the Board.
- Mannen's 2024 target LTI award is $5,000,000 with base salary $1,050,000; Hennigan's target LTI was $14,800,000.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1510295/000151029524000052/0001510295-24-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1510295/000151029524000052/mpc-20240511.htm
  HTML page:      https://secwatch.observer/filing/0001510295-24-000052

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