EXXON MOBIL CORP 8-K

What Happened Exxon Mobil Corp (XOM) filed an 8‑K (Item 5.02) reporting that on February 18, 2026, director Jeffrey W. Ubben announced he will not stand for re‑election to the Board at the company’s annual meeting of shareholders on May 27, 2026. Mr. Ubben said his decision is for reasons unrelated to the company. He will remain on the Board and continue to serve until the annual meeting. CEO Darren Woods thanked Mr. Ubben for his five years of service and noted his contributions to returns‑driven, environmentally focused investing and strategic discussions.

Key Details

• Announcement date: February 18, 2026 (8‑K filed February 20, 2026).
• Annual meeting date: May 27, 2026 — Mr. Ubben will serve through that meeting.
• Tenure: Five years on ExxonMobil’s Board.
• Reason given: Decision unrelated to the company; no successor or replacement announced in the filing.

Why It Matters A director choosing not to seek re‑election affects ExxonMobil’s board composition and governance going into the May 2026 shareholder vote. Because the filing does not name a replacement, investors should watch for subsequent announcements about board nominations or changes that could influence oversight of strategy and ESG-related initiatives—areas Mr. Ubben was noted for contributing to. There is no indication in the filing of any operational or financial impact from this announcement.