Short answer
Phillips 66 (PSX) filed an 8-K current report with the SEC on March 9, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). Board expanded from 14 to 16 directors; two independent directors added effective March 6, 2026.
Phillips 66 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Board expanded from 14 to 16 directors; two independent directors added effective March 6, 2026
- Kevin Meyers (age 72): deep upstream energy background, ex-ConocoPhillips SVP E&P, 20+ years at ARCO; assigned to Audit & Finance and Public Policy committees
- Howard Ungerleider (age 57): ex-Dow Inc. President & CFO (2018–2023); currently Operating Advisor at Clayton Dubilier & Rice; adds large-cap industrial CFO expertise
- Both appointments signal board-level push for stronger financial oversight and energy transition credentials amid ongoing activist pressure on PSX
- No special arrangements or related-party interests disclosed; compensation pro-rated per standard non-employee director schedule
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