Form S-8 - Securities to be offered to employees in employee benefit plans

 

As filed with the Securities and Exchange Commission on October 11, 2024

 

Registration No. 333-

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM S-8

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

 

 

 

Murphy Oil Corporation

(Exact Name of Registrant as Specified in Its Charter)

 

Delaware		71-0361522
(State or Other Jurisdiction  of Incorporation or Organization)		(I.R.S. Employer  Identification No.)

 

9805 Katy Freeway, G-200  Houston, Texas		77024-1269
(Address of Principal Executive Offices)		(Zip Code)

 

Murphy Oil Corporation 2020 Long-Term Incentive Plan 

(Full Title of the Plans)

 

 

 

E. Ted Botner, Esq. 

Executive Vice President, General Counsel & Corporate Secretary 

Murphy Oil Corporation 

9805 Katy Freeway, G-200 

Houston, TX 77024-1269
(Name and Address of Agent For Service)

 

[phone] 

(Telephone Number, including area code, of agent for service)

 

 

 

Copies to:

 

Travis Triano, Esq. 

Davis Polk & Wardwell LLP 

450 Lexington Avenue 

New York, New York 10017 

[phone]

 

 

 

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer	x	Accelerated filer	¨
Non-accelerated filer	¨	Smaller reporting company	¨
		Emerging growth company	¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act.            ¨

 

 

REGISTRATION OF ADDITIONAL SHARES

 

PURSUANT TO GENERAL INSTRUCTION E

 

Pursuant to General Instruction E of Form S-8, Murphy Oil Corporation (the “Registrant”) is filing this Registration Statement on Form S-8 with the U.S. Securities and Exchange Commission (the “Commission”) to register (i) 1,173,998 shares of the Registrant’s common stock, par value $1.00 per share (“Common Stock”) that may be issued pursuant to awards under the Murphy Oil Corporation 2020 Long-Term Incentive Plan, as amended and restated (the “Plan”) as a result of the share “recycling” provisions under the Plan and (ii) pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the “Securities Act”), any additional Shares that may become issuable under the Plan by reason of any share dividend, share split or other similar transaction.

 

This Registration Statement hereby incorporates by reference the contents of the Registrant’s registration statement on Form S-8 filed with the Commission on August 6, 2020 (Registration No. 333-241837). In accordance with the instructional note to Part I of Form S-8 as promulgated by the Commission, the information specified by Part I of Form S-8 has been omitted from this Registration Statement.

 

 

 

PART II

 

Information Required in the Registration Statement

 

Item 3. Incorporation of Documents by Reference.

 

The following documents filed by the Registrant with the Commission pursuant to the Securities Act of 1933, as amended (the “Securities Act”), and the Securities Exchange Act of 1934, as amended (the “Exchange Act”), are incorporated herein by reference:

 

(a)

the Registrant’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, filed with the Commission on February 23, 2024;

 

(b)

the Registrant’s definitive proxy statement on Schedule 14A (subject to the provisions thereof which provide that they are not incorporated by reference into Securities Act filings), file with the Commission on March 21, 2024;

 

(c)

the Registrant’s Quarterly Reports on Form 10-Q for the fiscal quarters ended March 31, 2024 and June 30, 2024, as filed with the Commission on May 2, 2024 and August 8, 2024, respectively;

 

(d)

the Registrant’s Current Reports on Form 8-K, as filed with the Commission on each of January 25, 2024, February 7, 2024, May 10, 2024, October 2, 2024, October 2, 2024, October 3, 2024 and October 7, 2024;

 

(e)

all other reports filed with the Commission by the Registrant pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act subsequent to the date hereof and prior to the filing of a post-effective amendment which indicates that all securities offered herein have been sold or which deregisters all securities then remaining unsold; and

 

(f)

the description of the Registrant’s Common Stock contained in Exhibit 4.9 to the Registrant’s Annual Report on Form 10-K filed with the Commission February 27, 2020, including any amendments or reports filed for the purpose of updating such description.

 

All documents filed by the Registrant pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act subsequent to the filing of this Registration Statement and prior to the filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference into this Registration Statement and to be a part hereof from the date of filing such documents, except as to specific sections of such documents as set forth therein. Unless expressly incorporated into this Registration Statement, a report furnished on Form 8-K prior or subsequent to the filing of this Registration Statement shall not be deemed incorporated by reference into this Registration Statement. Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained in any subsequently filed document that also is deemed to be incorporated by reference herein modifies or supersedes such statement.

 

Item 5. Interests of Named Experts and Counsel.

 

The validity of the shares of original issuance common stock offered under this Registration Statement is being passed upon for the Company by E. Ted Botner, Esq., Executive Vice President, General Counsel and Corporate Secretary of the Company. Mr. Botner is an officer and employee of the Company and is eligible to participate in the Plan. As of the date of this Registration Statement, Mr. Botner beneficially owns securities of the Registrant, including options to acquire such securities and restricted stock units in respect of such securities, with a fair market value in excess of $50,000.

 

 

 

Item 8. Exhibits.

 

Exhibit Number		Exhibit Description
4.1		Certificate of Incorporation of the Registrant, as amended effective May 11, 2005 (filed as Exhibit 3.1 to the Registrant’s Form 10-K filed February 28, 2011 (Commission File No. 001-08590) and included herein by reference).
4.2		Bylaws of the Registrant, as amended effective August 5, 2020 (filed as Exhibit 3.2 to the Registrant’s Form 10-Q filed August 6, 2020 and included herein by reference).
5.1		Opinion of E. Ted Botner, Executive Vice President, General Counsel and Corporate Secretary of Murphy Oil Corporation, with respect to the original issuance of Registrant common stock under the Plan (filed herewith).
23.1		Consent of Independent Registered Public Accounting Firm KPMG LLP (filed herewith).
23.2		Consent of E. Ted Botner, Executive Vice President, General Counsel and Corporate Secretary of Murphy Oil Corporation, with respect to the original issuance of Registrant common stock under the Plan (contained in Exhibit 5.1).
24.1		Power of Attorney (included on the signature page of this Registration Statement).
99.1		Murphy Oil Corporation 2020 Long-Term Incentive Plan as amended (filed as Exhibit A to the Registrant’s Proxy Statement filed March 30, 2020 (Commission File No. 001-08590) and included herein by reference).
107		Filing Fee Table (filed herewith).

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Houston, State of Texas, on this 11^th day of October 2024.

 

	Murphy Oil Corporation
	/s/ E. Ted Botner
	E. Ted Botner
	Executive Vice President, General Counsel & Corporate Secretary

 

 

 

POWER OF ATTORNEY AND SIGNATURES

 

KNOW ALL PERSONS BY THESE PRESENTS, that the undersigned hereby constitutes and appoints E. Ted Botner and Eric M. Hambly, and each of them, the true and lawful attorneys-in-fact of the undersigned, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign this registration statement and any or all amendments to this registration statement, including post-effective amendments, and registration statements filed pursuant to Rules 413 or 462 under the Securities Act of 1933, and to file or cause to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys or attorneys-in-fact or any of them or their substitute or substitutes may lawfully do or cause to be done by virtue hereof.

 

Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed below by the following persons on October 11, 2024 in the capacities indicated.

 

Signature		Title
/s/ Claiborne P. Deming		Chairman and Director
Claiborne P. Deming
/s/ Roger W. Jenkins		Chief Executive Officer and Director
Roger W. Jenkins		(Principal Executive Officer)
/s/ Lawrence R. Dickerson		Director
Lawrence R. Dickerson
/s/ Michelle A. Earley		Director
Michelle A. Earley
/s/ Elisabeth W. Keller		Director
Elisabeth W. Keller
/s/ James V. Kelley		Director
James V. Kelley
/s/ R. Madison Murphy		Director
R. Madison Murphy
/s/ Jeffrey W. Nolan		Director
Jeffery W. Nolan
/s/ Robert N. Ryan, Jr.		Director
Robert N. Ryan Jr.
/s/ Laura A. Sugg		Director
Laura A. Sugg
/s/Robert B. Tudor, III		Director
Robert B. Tudor, III
/s/ Thomas J. Mireles		Chief Financial Officer
Thomas J. Mireles		(Principal Financial Officer)
/s/ Paul D. Vaughan		Vice President & Controller
Paul D. Vaughan		(Principal Accounting Officer)

 

 

 

Exhibit 5.1

 

			9805 KATY FREEWAY, G-200  HOUSTON, TEXAS 77024-1269
E. TED BOTNER  EXECUTIVE VICE PRESIDENT, GENERAL COUNSEL & CORPORATE SECRETARY			DIRECT DIAL [phone]  [e-mail]

 

October 11, 2024

 

Murphy Oil Corporation 

9805 Katy Freeway, G-200 

Houston, Texas 77024-1269

 

Re: Murphy Oil Corporation 2020 Long-Term Incentive Plan

 

Ladies and Gentlemen:

 

As Executive Vice President, General Counsel and Corporate Secretary of Murphy Oil Corporation, (the “Company”), I advise you as follows in connection with the filing by the Company of a registration statement on Form S-8 under the Securities Act of 1933, as amended (the “Registration Statement”), with respect to 1,173,998 shares of common stock, $1.00 par value per share (“Common Stock”) issuable pursuant to the Murphy Oil Corporation 2020 Long-Term Incentive Plan (the “Plan”).

 

As Executive Vice President, General Counsel and Corporate Secretary for the Company, I, or attorneys under my supervision, have participated in the preparation of the Registration Statement and have examined and relied upon such documents, opinions, precedents, records and other materials as I have deemed necessary or appropriate to provide a basis for the opinion set forth below. In this examination, I have assumed the genuineness of all signatures, the authenticity of all documents submitted to me as original documents and conformity to original documents of all documents submitted to me as certified or photostatic copies.

 

Based on the foregoing, I am of the opinion that shares of original issuance Common Stock deliverable pursuant to the Plan, when delivered in accordance with the Plan upon receipt by the Company of adequate consideration therefor, will be duly authorized, validly issued, fully paid and nonassessable.

 

I hereby consent to the filing of this opinion with the Securities and Exchange Commission as an exhibit to the Registration Statement.

 

	Sincerely,
	/s/ E. Ted Botner
	E. Ted Botner Executive Vice President, General Counsel and Corporate Secretary

 

 

 

 

Exhibit 23.1

 

 

KPMG LLP

811 Main Street

Houston, TX 77002

 

 

Consent of Independent Registered Public Accounting Firm

 

We consent to the use of our reports dated February 23, 2024, with respect to the consolidated financial statements of Murphy Oil Corporation and subsidiaries, and the effectiveness of internal control over financial reporting, incorporated herein by reference.

 

 

 

 

Houston, Texas

October 11, 2024 

 

Ex-Filing Fees

CALCULATION OF FILING FEE TABLES

S-8

Murphy Oil Corporation

Table 1: Newly Registered and Carry Forward Securities

Line Item Type		Security Type		Security Class Title		Notes		Fee Calculation Rule		Amount Registered		Proposed Maximum Offering Price Per Unit			Maximum Aggregate Offering Price			Fee Rate		Amount of Registration Fee
Newly Registered Securities
Fees to be Paid		Equity		Common Stock, par value $1.00 per share		(1)		Other		1,173,998		$	34.67		$	40,702,510.66		0.0001531		$	6,231.55
Total Offering Amounts:															$	40,702,510.66					6,231.55
Total Fees Previously Paid:
Total Fee Offsets:
Net Fee Due:																				$	6,231.55

 

__________________________________________
Offering Note(s)

(1)

This Registration Statement on Form S-8 (this “Registration Statement”) covers (i) 1,173,998 shares of common stock, par value $1.00 per share (“Common Stock”) of Murphy Oil Corporation (the “Registrant”) that may be issued pursuant to awards under the Murphy Oil Corporation 2020 Long-Term Incentive Plan, as amended and restated (the “Plan”), as a result of the share “recycling” provisions under the Plan and (ii) pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the “Securities Act”), any additional shares of Common Stock that may become issuable under the Plan by reason of any share dividend, share split or other similar transaction. The proposed maximum offering price per unit, maximum aggregate offering price and registration fee are rounded up to the nearest whole cent. The proposed maximum offer price per unit is estimated solely for the purpose of calculating the registration fee pursuant to Rules 457(c) and 457(h) under the Securities Act on the basis of the average of the high and low prices per share of Common Stock on the New York Stock Exchange on October 9, 2024, which date is within five business days prior to filing this Registration Statement.

Submission	Oct. 11, 2024
Submission [Line Items]
Central Index Key	0000717423
Registrant Name	Murphy Oil Corporation
Form Type	S-8
Submission Type	S-8
Fee Exhibit Type	EX-FILING FEES

Offerings - Offering: 1	Oct. 11, 2024 USD ($) shares
Offering:
Fee Previously Paid	false
Other Rule	true
Security Type	Equity
Security Class Title	Common Stock, par value $1.00 per share
Amount Registered | shares	1,173,998
Proposed Maximum Offering Price per Unit	34.67
Maximum Aggregate Offering Price	$ 40,702,510.66
Fee Rate	0.01531%
Amount of Registration Fee	$ 6,231.55
Offering Note	This Registration Statement on Form S-8 (this “Registration Statement”) covers (i) 1,173,998 shares of common stock, par value $1.00 per share (“Common Stock”) of Murphy Oil Corporation (the “Registrant”) that may be issued pursuant to awards under the Murphy Oil Corporation 2020 Long-Term Incentive Plan, as amended and restated (the “Plan”), as a result of the share “recycling” provisions under the Plan and (ii) pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the “Securities Act”), any additional shares of Common Stock that may become issuable under the Plan by reason of any share dividend, share split or other similar transaction. The proposed maximum offering price per unit, maximum aggregate offering price and registration fee are rounded up to the nearest whole cent. The proposed maximum offer price per unit is estimated solely for the purpose of calculating the registration fee pursuant to Rules 457(c) and 457(h) under the Securities Act on the basis of the average of the high and low prices per share of Common Stock on the New York Stock Exchange on October 9, 2024, which date is within five business days prior to filing this Registration Statement.

Fees Summary	Oct. 11, 2024 USD ($)
Fees Summary [Line Items]
Total Offering	$ 40,702,510.66
Total Fee Amount	6,231.55
Net Fee	$ 6,231.55

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