In a handful of new filings with the U.S. Securities Exchange Commission, Oklahoma City-based Chesapeake Energy announced an amended employment agreement with President and CEO Robert D. Lawler.
In effect, the Dec. 31, 2018 agreement extended the term of his existing agreement dated May 20, 2013 until Dec. 31, 2021. His minimum base salary will be $1.3 million annually.
The company also stated in the SEC filing that it entered into new three-year employment agreements with each of its four executive vice presidents: Domenic J. (“Nick”) Dell’Osso, Jr., Executive Vice President and Chief Financial Officer; (2) James R. Webb, Executive Vice President – General Counsel and Corporate Secretary; (3) Frank J. Patterson, Executive Vice President – Exploration and Production; and (4) M. Jason Pigott, Executive Vice President, Operations – Operations and Technical Services.
As explained in the SEC filing, the amended agreements provided for the following salaries:
Executive Officer
|
Minimum Annual
Base Salary
|
|
Robert D. (“Doug”) Lawler
|
$ 1,300,000
|
|
Domenic J. (“Nick”) Dell’Osso, Jr.
|
$ 725,000
|
|
James R. Webb
|
$ 625,000
|
|
Frank J. Patterson
|
$ 660,000
|
|
M. Jason Pigott
|
$ 575,000
|