SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
of Report (Date of earliest event reported): April 20, 2009
(Exact name of registrant as specified in its charter)
|(State or other jurisdiction
2000 Post Oak Boulevard
Houston, Texas 77056-4400
(Address of principal executive offices) (Zip Code)
Registrants telephone number, including area code: (713) 296-6000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain Officers.
The Management Development and Compensation Committee of Apache Corporations board of
directors has implemented two compensation policies.
First, multi-year grants to the Chief Executive Officer will be made no more frequently than
once every five years. For purposes of this policy, a multi-year grant is a grant of restricted
stock, restricted stock units and/or stock options that exceeds in value the annual grants made to
named executive officers as described in the companys prior proxy statements. A named executive
officer is the companys principal executive officer, principal financial officer, and the other
executive officers listed in the Summary Compensation Table of the companys proxy statement. This
policy does not affect the boards ability to set executive officers annual grants.
Second, the company will no longer reimburse named executive officers for payment of taxes on
personal use of company aircraft, except to the former chairman of the company pursuant to the
terms of his previously existing binding contract.