NEWS IN BRIEF

Murphy Oil lays out spinoff plan

Murphy Oil Corp. expects to complete the separation of its retail and exploration operations during the second half of 2013, the El Doradobased company announced in its proxy statement filed Friday with the Securities and Exchange Commission.

Murphy announced in October its intention to spin off its retail business.

A proxy statement is filed each year by public companies to list the incomes of top executives, name directors up for election and disclose the date of the yearly meeting.

Total incomes of executives at the company in 2012 in round figures were:

Steven Cosse, president and chief executive officer, made about $6.9 million.

David Wood, former president and chief executive officer, about $9.2 million.

Kevin Fitzgerald, executive vice president and chief financial officer, about $6.2 million.

Roger Jenkins, chief operating officer and executive vice president, about $6.2 million.

Bill Stobaugh, executive vice president, about $2.9 million.

Thomas McKinlay, executive vice president, about $2.9 million.

The company will hold its annual meeting May 8 at 10 a.m. at the South Arkansas Arts Center, at 110 E. Fifth St.

in El Dorado.

  • Jessica SeamanDeltic CEO’s pay $2.5 million in ‘12

Ray Dillon, El Doradobased Deltic Timber’s chief executive officer, earned $2.5 million last year, the El Dorado firm reported in its proxy statement.

Dillon made about $545,000 in salary, about $535,000 in incentive plan compensation, about $865,000 in stock and option awards, and $465,000 in other compensation.

Total incomes of other executives last year were:

Kenneth Mann, chief financial officer, about $1.2 million.

David Meghreblian, vice president, about $950,000.

Kent Streeter, vice president, about $600,000.

Jim Andrews Jr., general counsel, about $550,000.

Deltic’s annual meeting is April 25 at 10 a.m. at the South Arkansas Arts Center in El Dorado.

  • David SmithArkansas index up as 10 stocks climb

The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, rose 0.46 to 271.59 Friday.

Ten stocks advanced and six declined.

Windstream gained 1.7 percent on average volume.

P.A.M. Transportation Services lost 5 percent in light trading.

For the week, 10 stocks fell and six rose. P.A.M.

Transportation fell 3.9 percent. Acxiom Corp. was up 2.8 percent for the week.

Volume for the index was 21 million shares, compared with average daily volume of 21.6 million shares.

The index was developed by Bloomberg News and the Arkansas Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.

Business, Pages 29 on 03/23/2013

Upcoming Events