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) September 17, 2002 (September
17, 2002)
CHESAPEAKE ENERGY CORPORATION
-------------------------------------------------------------------------------
(Exact name of Registrant as specified in its Charter)
Oklahoma 1-13726 73-1395733
-------------------------------------------------------------------------------
(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification No.)
6100 North Western Avenue, Oklahoma City, Oklahoma 73118
-------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
(405) 848-8000
-------------------------------------------------------------------------------
(Registrant's telephone number, including area code)
INFORMATION TO BE INCLUDED IN THE REPORT
ITEM 5. OTHER EVENTS
On September 17, 2002, Chesapeake Energy Corporation (the "Company")
issued a press release announcing the election of Charles T. Maxwell to its
Board of Directors. The following was included in the press release:
CHESAPEAKE ENERGY CORPORATION ANNOUNCES THE
ELECTION OF CHARLES T. MAXWELL AS A NEW DIRECTOR
OKLAHOMA CITY, OKLAHOMA, September 17, 2002 - Chesapeake Energy Corporation
(NYSE: CHK) today announced that its Board of Directors has elected Charles T.
Maxwell to a term expiring in 2003. Maxwell is the senior energy analyst at
Weeden & Co., an institutional research and brokerage firm located in Greenwich,
Connecticut. He is the author of over 1,000 publications related to oil and
natural gas issues and has been a frequent energy commentator on numerous
television programs, including Wall Street Week and similar business programs on
CNBC, CNN, ABC, and Bloomberg TV.
Maxwell's education includes degrees in 1953 from Princeton University (where he
was a Jadwin Scholar) and in 1957 from Oxford University (where he was a
Marshall Scholar). His academic concentrations were in Middle Eastern languages,
political science and history.
Entering the oil and natural gas industry in 1957, Maxwell worked for Mobil Oil
Corporation for 11 years in the U.S., Europe and Africa. In 1968, Maxwell joined
C. J. Lawrence, an institutional research and brokerage firm, as an
international oil analyst. While there, he was ranked by Institutional Investor
magazine as the No. 1 analyst in his field on 10 occasions from 1972 through
1986. He rose to the position of Managing Director of C.J. Lawrence/Morgan
Grenfell and retired from the firm in 1997, several years after it was acquired
by Deutsche Bank. In 1999, Maxwell returned to energy industry analysis when he
joined Weeden and Co.
For the last 17 years Maxwell has been an active member of the Oxford Energy
Policy Club at St. Antony's College in Oxford, England, an organization
comprised of OPEC and energy industry executives from 30 countries who meet
twice a year to discuss trends within the energy industries.
Aubrey K. McClendon, Chairman and Chief Executive Officer of Chesapeake said of
Maxwell's appointment, "We are extremely pleased to have Charley Maxwell join
Chesapeake's board. We have followed his analytical work for a long time and
have come to know him personally over the past few years. Charley is a one of
the foremost experts on energy trends today and we especially appreciate his
extraordinary understanding of the political, cultural and industry developments
shaping the Middle East today. Charley has been a premier authority on our
industry for over 30 years and we should greatly benefit from his counsel in the
years ahead."
Maxwell's appointment increases the size of Chesapeake's Board to seven.
Management is represented by Aubrey K. McClendon and Tom L. Ward, the company's
co-founders. The other four members are Edgar F. Heizer, Jr. of Chicago; Breene
M. Kerr of Easton, Maryland; Shannon T. Self of Oklahoma City; and Frederick B.
Whittemore of New York City.
Chesapeake Energy Corporation is one of the 10 largest independent natural gas
producers in the U.S. Headquartered in Oklahoma City, the company's operations
are focused on exploratory and developmental drilling and producing property
acquisitions in the Mid-Continent region of the United States. The company's
Internet address is www.chkenergy.com.
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, thereunto duly authorized.
CHESAPEAKE ENERGY CORPORATION
By: /s/ Aubrey K. McClendon
---------------------------------
Aubrey K. McClendon
Chairman of the Board and
Chief Executive Officer
Dated: September 17, 2002