<< Back |
In accordance with the Company’s commitment to separate the positions of
Chairman and Chief Executive Officer, the Board elected Dr.
In addition, pursuant to the agreement between the Company and
“The Hess Board of Directors would like to welcome each of our new
directors. Over the past several months, we have received constructive
feedback from our shareholders, and our new Board looks forward to
continuing that dialogue. We remain focused on the execution of our
transformation plan and are committed to working with all our Directors
to create meaningful long-term value for all Hess shareholders," said
The Hess Board will continue to consist of 14 persons as a result of the
retirements of
Mr. Hess continued, “On behalf of the entire
Hess also announced the results for the other proposals presented at the Annual Meeting:
-
Stockholders ratified the selection by the audit committee of
Ernst & Young LLP as independent auditors; - Stockholders approved the Company’s advisory “say on pay” proposal;
- Stockholders approved the proposed amendment of Hess’ restated certificate of incorporation and bylaws to declassify the board of directors;
- Stockholders approved an advisory shareholder proposal to eliminate the supermajority provision in the Company’s charter and by-laws;
- Stockholders rejected an advisory shareholder proposal regarding political contributions.
As soon as the inspectors of election have completed the final tally of
the exact results, the Company will report those results in a Form 8-K
filed with the
Cautionary Statements
This document contains projections and other forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These projections
and statements reflect the Company’s current views with respect to
future events and financial performance. No assurances can be given,
however, that these events will occur or that these projections will be
achieved, and actual results could differ materially from those
projected as a result of certain risk factors. A discussion of these
risk factors is included in the Company’s periodic reports filed with
the
Source:
Investors:
Hess Corporation
Jay Wilson, 212-536-8940
or
MacKenzie
Partners, Inc.
Dan Burch/Bob Marese
212-929-5748 / 212-929-5405
or
Media:
Hess
Corporation
Jon Pepper, 212-536-8550
or
Sard Verbinnen &
Co
Michael Henson/Patrick Scanlan
212-687-8080