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This excerpt taken from the DVN DEF 14A filed Apr 24, 2009. Introduction
We depend on the performance of highly-trained, experienced and
committed executive officers who have the skills, education,
experience and personal qualities necessary to lead an oil and
gas business. In the uncertainty and volatility of the current
economic climate, we believe our executive compensation programs
should continue to attract and retain effective leaders in what
is still a competitive market for personnel with proven track
records in the oil and gas industry. At the same time, our
programs will continue to adapt to unexpected industry
developments and volatility in the commodities markets.
This Compensation Discussion and Analysis (CD&A) describes
the overall executive compensation approach at the Company and
specifically discusses total compensation for the following
named executive officers:
In addition to the term “named executive officers,” we
will use one other term in this CD&A to identify a group of
our senior level managers. The term “senior executive
officers” refers to Messrs. Nichols and Richels as
well as our executive vice presidents. Six employees, including
Messrs. Hadden and Smette, were executive vice presidents
at the end of 2008. Mr. Hadden left the Company in March
2009.
We include Mr. Heatly as a named executive officer because
the SEC requires us to provide information about the
compensation of the principal financial officer of the Company.
Because Mr. Heatly was not a senior executive officer in
2008, his compensation arrangements are more in line with other
non-senior executive officers.
These excerpts taken from the DVN 10-K filed Feb 27, 2009. Introduction
The following discussion and analysis presents management’s
perspective of our business, financial condition and overall
performance. This information is intended to provide investors
with an understanding of our past performance, current financial
condition and outlook for the future and should be reviewed in
conjunction with our “Selected Financial Data” and
“Financial Statements and Supplementary Data.” Our
discussion and analysis relates to the following subjects:
31
Table of Contents
Introduction
The following discussion and analysis presents management’s
perspective of our business, financial condition and overall
performance. This information is intended to provide investors
with an understanding of our past performance, current financial
condition and outlook for the future and should be reviewed in
conjunction with our “Selected Financial Data” and
“Financial Statements and Supplementary Data.” Our
discussion and analysis relates to the following subjects:
31
Table of Contents
Introduction The following discussion and analysis presents management’s perspective of our business, financial condition and overall performance. This information is intended to provide investors with an understanding of our past performance, current financial condition and outlook for the future and should be reviewed in conjunction with our “Selected Financial Data” and “Financial Statements and Supplementary Data.” Our discussion and analysis relates to the following subjects:
Table of Contents
Introduction The following discussion and analysis presents management’s perspective of our business, financial condition and overall performance. This information is intended to provide investors with an understanding of our past performance, current financial condition and outlook for the future and should be reviewed in conjunction with our “Selected Financial Data” and “Financial Statements and Supplementary Data.” Our discussion and analysis relates to the following subjects:
Table of Contents
These excerpts taken from the DVN 10-K filed Jun 9, 2008. Introduction
The following discussion and analysis presents management’s
perspective of our business, financial condition and overall
performance. This information is intended to provide investors
with an understanding of our past performance, current financial
condition and outlook for the future and should be reviewed in
conjunction with our “Selected Financial Data” and
“Financial Statements and Supplementary Data.” Our
discussion and analysis relates to the following subjects:
Table of Contents
Introduction The following discussion and analysis presents management’s perspective of our business, financial condition and overall performance. This information is intended to provide investors with an understanding of our past performance, current financial condition and outlook for the future and should be reviewed in conjunction with our “Selected Financial Data” and “Financial Statements and Supplementary Data.” Our discussion and analysis relates to the following subjects:
Table of ContentsThis excerpt taken from the DVN DEF 14A filed Apr 28, 2008. Introduction
We depend on the performance of highly-trained, experienced and
committed executive officers who have the skill sets, education,
experience, and personal qualities necessary to manage an oil
and gas business to the benefit of its stockholders.
Accordingly, our executive compensation program is designed and
administered to attract and retain such individuals in a
competitive market for talent. At the same time, we must be
flexible enough to adapt to unexpected developments in the oil
and gas industry and volatility in the commodities markets.
These excerpts taken from the DVN 10-K filed Feb 28, 2008. Introduction
The following discussion and analysis presents management’s
perspective of our business, financial condition and overall
performance. This information is intended to provide investors
with an understanding of our past performance, current financial
condition and outlook for the future and should be reviewed in
conjunction with our “Selected Financial Data” and
“Financial Statements and Supplementary Data.” Our
discussion and analysis relates to the following subjects:
Table of Contents
Introduction The following discussion and analysis presents management’s perspective of our business, financial condition and overall performance. This information is intended to provide investors with an understanding of our past performance, current financial condition and outlook for the future and should be reviewed in conjunction with our “Selected Financial Data” and “Financial Statements and Supplementary Data.” Our discussion and analysis relates to the following subjects:
Table of ContentsThis excerpt taken from the DVN DEF 14A filed Apr 27, 2007. Introduction
Our success is dependent on the performance of highly-trained,
experienced and committed employees in all positions and at all
levels. The skill sets, education, experience and personal
qualities of the executives needed to successfully manage the
business and develop managers over the long-term are especially
coveted by many of our competitors. The competition for
executive talent in the oil and gas industry is considerable. In
addition, the oil and gas business is cyclical, and,
accordingly, our compensation program must be flexible.
Therefore, our executive compensation programs are designed and
administered to support our strategic objectives as well as to
address the realities of the competitive market for talent.
This excerpt taken from the DVN 10-K filed Feb 28, 2007. Introduction
The following discussion and analysis presents management’s
perspective of our business, financial condition and overall
performance. This information is intended to provide investors
with an understanding of our past performance, current financial
condition and outlook for the future. Reference is made to
“Item 6. Selected Financial Data” and
“Item 8. Financial Statements and Supplementary
Data.” Our discussion and analysis will relate to the
following subjects:
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