Occidental Petroleum Corporation

 

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported) July 16, 2009

 

OCCIDENTAL PETROLEUM CORPORATION

(Exact name of registrant as specified in its charter)

 

Delaware

1-9210

95-4035997

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

 

10889 Wilshire Boulevard

Los Angeles, California

90024

(Address of principal executive offices)

(ZIP code)

 

Registrant’s telephone number, including area code:

(310) 208-8800

 

 

 

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions (see General Instruction A.2. below):

 

[   ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

[   ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

[   ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

[   ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Section 5 – Corporate Governance and Management

 

Item 5.02.  Election of Directors

 

On July 16, 2009, the Board of Directors of Occidental Petroleum Corporation increased the size of its Board from 12 to 13 directors in order to elect former U.S. Secretary of Commerce Carlos M. Gutierrez, 55, to the Board. Prior to his government service, Secretary Gutierrez was Chairman and CEO of Kellogg Company. He currently serves as a director of United Technologies and Corning Inc. A copy of the press release of Occidental announcing Secretary Gutierrez's election is attached as Exhibit 99.1 and is incorporated herein by reference.

 

The Board has determined that Secretary Gutierrez is independent under the New York Stock Exchange listing standards and Occidental's Director Independence Standards. There is no arrangement or understanding between Secretary Gutierrez and any other persons pursuant to which Secretary Gutierrez was selected as a director, and there are no related party transactions involving Secretary Gutierrez that are reportable under Item 404(a) of Regulation S-K.

 

Secretary Gutierrez has not been appointed to any Board Committees.

 

 

Section 9 – Financial Statements and Exhibits

 

Item 9.01.  Financial Statements and Exhibits

 

(d)  Exhibits

 

 

99.1

Press release dated July 16, 2009.

 

 

1

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

OCCIDENTAL PETROLEUM CORPORATION

 

(Registrant)

 

 

 

 

 

 

 

 

DATE:  July 20, 2009

/s/ ROY PINECI

 

Roy Pineci, Vice President, Controller

and Principal Accounting Officer

 

 

2

 

EXHIBIT INDEX

 

 

99.1

 

Press release dated July 16, 2009.