ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers
On September 6, 2022, Ovintiv Inc. (the "Corporation") issued a news release
announcing the appointment of Ralph Izzo to the Board of Directors of the
Corporation (the "Board"), effective September 6, 2022. Pursuant to a Board
resolution, the Board has fixed the number of directors at thirteen. The Board
has appointed Mr. Izzo to the Corporate Responsibility and Governance Committee
and the Human Resources and Compensation Committee effective September 6, 2022.
Mr. Izzo will enter into a customary indemnification agreement with the
Corporation in connection with his appointment as a director, consistent with
those entered into with the Corporation's other directors. Mr. Izzo will receive
compensation for his services on the Board in accordance with the Corporation's
non-employee director compensation practices as described in the Corporation's
Proxy Statement filed with the Securities and Exchange Commission on March 23,
2022. There are no arrangements or understandings between Mr. Izzo and any other
person pursuant to which Mr. Izzo was selected as a director. There are no
transactions involving Mr. Izzo that require disclosure under Item 404(a) of
Regulation S-K. A copy of the news release is attached as Exhibit 99.1 to this
Current Report on Form 8-K and is incorporated herein.
In its September 6, 2022 news release, the Corporation also announced that Bruce
G. Waterman will retire as a director of the Corporation effective December 31,
2022. Mr. Waterman's decision to retire was not based on any disagreement with
the Corporation on any matter relating to the Corporation's operations, policies
or practices.
ITEM 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Exhibit Description
Exhibit 99.1 News Release dated September 6, 2022.
Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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