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WPX > SEC Filings for WPX > Form 8-K on 24-Jan-2014All Recent SEC Filings

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Form 8-K for WPX ENERGY, INC.


24-Jan-2014

Change in Directors or Principal Officers


Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 23, 2014, the Board of Directors (the "Board") of WPX Energy, Inc. (the "Company" or "WPX Energy") approved compensation for James J. Bender, the Company's interim President and Chief Executive Officer. Mr. Bender, whose annual base salary was $488,000 while serving as General Counsel and Senior Vice President of the Company, will receive an additional $25,000 per month in base salary effective January 1, 2014. In addition, Mr. Bender's target bonus percentage for his annual cash incentive award will be increased from 65% to 80% for 2014.


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