CHEVRON CORP 8-K

What Happened
Chevron Corporation filed an 8‑K on January 27, 2026, reporting that the Board appointed Thomas W. Horton, age 64, as a member of the Board and as a member of the Board’s Audit Committee, effective January 27, 2026. Mr. Horton is a partner at Global Infrastructure Partners (since April 2019) and previously held senior leadership roles at American Airlines and AT&T; he currently serves on the boards of Walmart Inc. (since 2014) and GE Aerospace (since 2018).

Key Details

• Appointment effective: January 27, 2026; named to Board and Audit Committee.
• Background: Partner at Global Infrastructure Partners (since Apr 2019); former chairman, president & CEO of American Airlines/AMR (2011–2014); former CFO of AT&T (2002–2005).
• Compensation: prorated restricted stock unit award based on an annual grant value of $235,000 (fractional prorate by days remaining in the annual cycle divided by closing stock price on the effective date) and prorated annual cash retainer of $155,000.
• Filed via SEC Form 8‑K by Chevron Corporation on Jan 27, 2026.

Why It Matters
This is a governance/board composition update that adds an experienced executive with airline, finance and infrastructure investment experience to Chevron’s Board and Audit Committee. For investors, the change signals a reinforcement of financial and operational oversight on the Audit Committee; the compensation is a standard, prorated non‑employee director package and does not indicate a material cash outlay beyond routine director pay.