Item 15. Exhibits and Financial Statement Schedules
29K characters. Original on sec.gov ·
Item 15. Exhibits and Financial Statement Schedules
| (a) | The following financial statements, financial statement schedules and exhibits are filed as a part of this report: |
| 1. | Financial Statements. Chesapeake's consolidated financial statements are included in Item 8 of Part II of this report. Reference is made to the accompanying Index to Financial Statements. |
| 2. | Financial Statement Schedules. No financial statement schedules are applicable or required. |
| 3. | Exhibits. The exhibits listed below in the Index of Exhibits (following the signatures page) are filed, furnished or incorporated by reference pursuant to the requirements of Item 601 of Regulation S-K. |
Signatures
Pursuant to the requirements of Section 13 or 15(d) 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 | |||
| Date: March 3, 2017 | By: | /s/ ROBERT D. LAWLER | |
| Robert D. Lawler | |||
| President and Chief Executive Officer |
POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints Robert D. Lawler and Domenic J. Dell'Osso, Jr., and each of them, either one of whom may act without joinder of the other, his true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him and in his name, place and stead, in any and all capacities, to sign any or all amendments to this Annual Report on Form 10-K, and 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 and agents, and each of them, 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 might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, and each of them, or the substitute or substitutes of any or all of them, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
| Signature | Capacity | Date | ||
| /s/ ROBERT D. LAWLER | President and Chief Executive Officer (Principal Executive Officer) | March 3, 2017 | ||
| Robert D. Lawler | ||||
| /s/ DOMENIC J. DELL'OSSO, JR. | Executive Vice President and Chief Financial Officer (Principal Financial Officer) | March 3, 2017 | ||
| Domenic J. Dell'Osso, Jr. | ||||
| /s/ MICHAEL A. JOHNSON | Senior Vice President – Accounting, Controller and Chief Accounting Officer (Principal Accounting Officer) | March 3, 2017 | ||
| Michael A. Johnson | ||||
| /s/ R. BRAD MARTIN | Chairman of the Board | March 3, 2017 | ||
| R. Brad Martin | ||||
| /s/ ARCHIE W. DUNHAM | Director and Chairman Emeritus | March 3, 2017 | ||
| Archie W. Dunham | ||||
| /s/ GLORIA R. BOYLAND | Director | March 3, 2017 | ||
| Gloria R. Boyland | ||||
| /s/ LUKE R. CORBETT | Director | March 3, 2017 | ||
| Luke R. Corbett | ||||
| /s/ MERRILL A. MILLER, JR. | Director | March 3, 2017 | ||
| Merrill A. Miller, Jr. | ||||
| /s/ THOMAS L. RYAN | Director | March 3, 2017 | ||
| Thomas L. Ryan |
INDEX OF EXHIBITS
| Incorporated by Reference | ||||||||||||
| Exhibit Number | Exhibit Description | Form | SEC File Number | Exhibit | Filing Date | Filed or Furnished Herewith | ||||||
| 2.1.1* | Purchase and Sale Agreement by and between Chesapeake Appalachia, L.L.C. and Southwestern Energy Production Company dated October 14, 2014. | 10-K | 001-13726 | 2.1.1 | 2/27/2015 | |||||||
| 2.1.2* | Amendment to Purchase and Sale Agreement by and between Chesapeake Appalachia, L.L.C. and SWN Production Company, LLC (formerly Southwestern Energy Production Company) dated December 22, 2014. | 10-K | 001-13726 | 2.1.2 | 2/27/2015 | |||||||
| 2.1.3 | Settlement Agreement by and between Chesapeake Appalachia, L.L.C. and SWN Production Company, LLC (formerly Southwestern Energy Production Company) dated December 22, 2014. | 10-K | 001-13726 | 2.1.3 | 2/27/2015 | |||||||
| 3.1.1 | Chesapeake’s Restated Certificate of Incorporation. | 10-Q | 001-13726 | 3.1.1 | 8/6/2014 | |||||||
| 3.1.2 | Certificate of Amendment to Restated Certificate of Incorporation. | 8-K | 001-13726 | 3.1.2 | 5/20/2016 | |||||||
| 3.1.3 | Certificate of Designation of 5% Cumulative Convertible Preferred Stock (Series 2005B), as amended. | 10-Q | 001-13726 | 3.1.4 | 11/10/2008 | |||||||
| 3.1.4 | Certificate of Designation of 4.5% Cumulative Convertible Preferred Stock, as amended. | 10-Q | 001-13726 | 3.1.6 | 8/11/2008 | |||||||
| 3.1.5 | Certificate of Designation of 5.75% Cumulative Non-Voting Convertible Preferred Stock (Series A). | 8-K | 001-13726 | 3.2 | 5/20/2010 | |||||||
| 3.1.6 | Certificate of Designation of 5.75% Cumulative Non-Voting Convertible Preferred Stock, as amended. | 10-Q | 001-13726 | 3.1.5 | 8/9/2010 | |||||||
| 3.2 | Chesapeake’s Amended and Restated Bylaws. | 8-K | 001-13726 | 3.2 | 6/19/2014 | |||||||
| 4.1** | Indenture dated as of November 8, 2005 among Chesapeake, as issuer, the subsidiaries signatory thereto, as Subsidiary Guarantors and The Bank of New York Mellon Trust Company, N.A., as Trustee, with respect to 6.875% Senior Notes due 2020. | 8-K | 001-13726 | 4.12.1 | 11/15/2005 | |||||||
| 4.2** | Indenture dated as of December 6, 2006 among Chesapeake, as issuer, the subsidiaries signatory thereto, as Subsidiary Guarantors, The Bank of New York Mellon Trust Company, N.A., as Trustee, AIB/BNY Fund Management (Ireland) Limited, as Irish Paying Agent and Transfer Agent, and The Bank of New York, London Branch, as Registrar, Transfer Agent and Paying Agent, with respect to 6.25% Senior Notes due 2017. | 8-K | 001-13726 | 4.1 | 12/6/2006 | |||||||
| 4.3** | Indenture dated as of May 15, 2007 among Chesapeake, as issuer, the subsidiaries signatory thereto, as Subsidiary Guarantors and The Bank of New York Mellon Trust Company, N.A., as Trustee, with respect to 2.5% Contingent Convertible Senior Notes due 2037. | 8-K | 001-13726 | 4.1 | 5/15/2007 | |||||||
| 4.4** | Indenture dated as of May 27, 2008 among Chesapeake, as issuer, the subsidiaries signatory thereto, as Subsidiary Guarantors and The Bank of New York Mellon Trust Company, N.A., as Trustee, with respect to 7.25% Senior Notes due 2018. | 8-K | 001-13726 | 4.1 | 5/29/2008 | |||||||
| 4.5** | Indenture dated as of May 27, 2008 among Chesapeake, as issuer, the subsidiaries signatory thereto, as Subsidiary Guarantors and The Bank of New York Mellon Trust Company, N.A., as Trustee, with respect to 2.25% Contingent Convertible Senior Notes due 2038. | 8-K | 001-13726 | 4.2 | 5/29/2008 | |||||||
| 4.6.1** | Indenture dated as of August 2, 2010 among Chesapeake, as issuer, the subsidiaries signatory thereto, as Subsidiary Guarantors, and the Bank of New York Mellon Trust Company, N.A., as Trustee. | S-3 | 333-168509 | 4.1 | 8/3/2010 | |||||||
| 4.6.2 | First Supplemental Indenture dated as of August 17, 2010 to Indenture dated as of August 2, 2010 with respect to 6.875% Senior Notes due 2018. | 8-A | 001-13726 | 4.2 | 9/24/2010 | |||||||
| 4.6.3 | Second Supplemental Indenture, dated as of August 17, 2010 to Indenture dated as of August 2, 2010 with respect to 6.625% Senior Notes due 2020. | 8-A | 001-13726 | 4.3 | 9/24/2010 | |||||||
| 4.6.4 | Fifth Supplemental Indenture dated February 11, 2011 to Indenture dated as of August 2, 2010 with respect to 6.125% Senior Notes due 2021. | 8-A | 001-13726 | 4.2 | 2/22/2011 | |||||||
| 4.6.5 | Fourteenth Supplemental Indenture dated March 18, 2013 among Chesapeake, as issuer, the subsidiaries signatory thereto, as Subsidiary Guarantors, and Deutsche Bank Trust Company Americas, as Trustee, to Indenture dated as of August 2, 2010. | S-3 | 333-168509 | 4.17 | 3/18/2013 | |||||||
| 4.6.6 | Sixteenth Supplemental Indenture dated April 1, 2013 to Indenture dated as of August 2, 2010 with respect to 5.375% Senior Notes due 2021. | 8-A | 001-13726 | 4.3 | 4/8/2013 | |||||||
| 4.6.7 | Seventeenth Supplemental Indenture dated April 1, 2013 to Indenture dated as of August 2, 2010 with respect to 5.75% Senior Notes due 2023. | 8-A | 001-13726 | 4.4 | 4/8/2013 | |||||||
| 4.7.1** | Indenture dated as of April 24, 2014 by and among Chesapeake, as Issuer, the subsidiaries signatory thereto, as Subsidiary Guarantors, and Deutsche Bank Trust Company Americas, as Trustee. | 8-K | 001-13726 | 4.1 | 4/29/2014 | |||||||
| 4.7.2 | First Supplemental Indenture dated as of April 24, 2014 to Indenture dated as of April 24, 2014 with respect to Floating Rate Senior Notes due 2019. | 8-K | 001-13726 | 4.2 | 4/29/2014 | |||||||
| 4.7.3 | Second Supplemental Indenture dated as of April 24, 2014 to Indenture dated as of April 24 2014 with respect to 4.875% Senior Notes due 2022. | 8-K | 001-13726 | 4.3 | 4/29/2014 | |||||||
| 4.8 | Indenture dated as of December 23, 2015 among Chesapeake, as Issuer, the subsidiaries signatory thereto, as Subsidiary Guarantors, and Deutsche Bank Trust Company Americas, as Trustee and Collateral Trustee with respect to 8.00% Senior Secured Second Lien Notes due 2022. | 8-K | 001-13726 | 4.1 | 12/23/2015 | |||||||
| 4.9.1 | Credit Agreement dated December 15, 2014 by and among: Chesapeake Energy Corporation, as borrower; MUFG Union Bank N.A., as administrative agent, co-syndication agent, a swingline lender and a letter of credit issuer; Wells Fargo Bank and National Association, as co-syndication agent, a swingline lender and a letter of credit issuer; Bank of America, N.A., Crédit Agricole Corporate and Investment Bank and JPMorgan Chase Bank, N.A., as co-documentation agents and letter of credit issuers; and certain other lenders named therein. | 10-Q | 001-13726 | 4.1 | 8/14/2016 | |||||||
| 4.9.2 | First Amendment to Credit Agreement dated September 30, 2015 among Chesapeake, as borrower, MUFG Union Bank N.A., as administrative agent, co-syndication agent, a swingline lender and a letter of credit issuer; Wells Fargo Bank, National Association, as co-syndication agent, a swingline lender and a letter of credit issuer; and certain other lenders named therein. | 10-Q | 001-13726 | 4.1 | 11/4/2015 | |||||||
| 4.9.3 | Second Amendment to Credit Agreement dated December 15, 2015 among Chesapeake, as borrower, MUFG Union Bank N.A., as administrative agent, co-syndication agent, a swingline lender and a letter of credit issuer; Wells Fargo Bank, National Association, as co-syndication agent, a swingline lender and a letter of credit issuer; and certain other lenders named therein. | 8-K | 001-13726 | 10.1 | 12/16/2015 | |||||||
| 4.9.4†† | Third Amendment to Credit Agreement dated April 8, 2016 among Chesapeake Energy Corporation, as borrower; MUFG Union Bank N.A., as administrative agent, a swingline lender and a letter of credit issuer; and certain other lenders named therein. | 10-Q | 001-13726 | 4.2 | 8/4/2016 | |||||||
| 4.10 | Intercreditor Agreement dated as of December 23, 2015 between MUFG Bank, N.A., as Priority Lien Agent, and Deutsche Bank Trust Company Americas, as Second Lien Collateral Trustee, and acknowledged by Chesapeake and certain of its subsidiaries. | 8-K | 001-13726 | 10.1 | 12/23/2015 | |||||||
| 4.11 | Collateral Trust Agreement, dated as of December 23, 2015, by and among Chesapeake, the guarantors named therein, and Deutsche Bank Trust Company Americas as the representative of the holders of the Second Lien Notes and as collateral trustee. | 8-K | 001-13726 | 10.2 | 12/23/2015 | |||||||
| 4.12 | Term Loan Agreement dated August 23, 2016 among Chesapeake Energy Corporation, the lenders party thereto and Deutsche Bank Trust Company Americas, as term agent. | 8-K | 001-13726 | 4.1 | 8/24/2016 | |||||||
| 4.13 | Class A Term Loan Supplement dated August 23, 2016 among Chesapeake Energy Corporation, the lenders party thereto and Deutsche Bank Trust Company Americas, as term agent. | 8-K | 001-13726 | 4.2 | 8/24/2016 | |||||||
| 4.14 | Indenture dated as of October 5, 2016, among Chesapeake Energy Corporation, the subsidiary guarantors named therein and Deutsche Bank Trust Company Americas, as trustee, with respect to the 5.5% Convertible Senior Notes due 2026. | 8-K | 001-13726 | 10.1 | 8/24/2016 | |||||||
| 4.15 | Collateral Trust Agreement, dated as of August 23, 2016 by and among MUFG Union Bank, N.A., as collateral trustee and revolver agent, and Deutsche Bank Trust Company Americas, as term loan agent, and acknowledged and agreed by Chesapeake Energy Corporation and certain of its subsidiaries. | 8-K | 001-13726 | 4.1 | 10/5/2016 | |||||||
| 4.16 | Sixth Supplemental indenture dated as of December 20, 2016 to indenture dated as of April 24, 2014 with respect to 8.00% Senior Notes due 2025. | 8-K | 001-13726 | 4.2 | 12/20/2016 | |||||||
| 4.17 | Registration Rights Agreement dated as of December 20, 2016, among Chesapeake Energy Corporation, the subsidiary guarantors named therein and Deutsche Bank Securities, Inc. | 8-K | 001-13726 | 4.4 | 12/20/2016 | |||||||
| 10.1.1† | Chesapeake's 2003 Stock Incentive Plan, as amended. | 10-Q | 001-13726 | 10.1.1 | 11/9/2009 | |||||||
| 10.1.2† | Form of 2013 Restricted Stock Award Agreement for Chesapeake's 2003 Stock Incentive Plan. | 10-K | 001-13726 | 10.1.3 | 3/1/2013 | |||||||
| 10.2.1† | Chesapeake's 2005 Amended and Restated Long Term Incentive Plan. | 8-K | 001-13726 | 10.1 | 6/20/2013 | |||||||
| 10.2.2† | Form of 2013 Restricted Stock Award Agreement for 2005 Amended and Restated Long Term Incentive Plan. | 8-K | 001-13726 | 10.3 | 2/4/2013 | |||||||
| 10.2.3† | Form of Nonqualified Stock Option Agreement for 2005 Amended and Restated Long Term Incentive Plan. | 8-K | 001-13726 | 10.1 | 2/4/2013 | |||||||
| 10.2.4† | Form of Retention Nonqualified Stock Option Agreement for 2005 Amended and Restated Long Term Incentive Plan. | 8-K | 001-13726 | 10.2 | 2/4/2013 | |||||||
| 10.2.5† | Form of 2013 Non-Employee Director Restricted Stock Award Agreement for 2005 Amended and Restated Long Term Incentive Plan. | 10-K | 001-13726 | 10.13.7 | 3/1/2013 | |||||||
| 10.2.6† | Form of 2013 Performance Share Unit Award Agreement for 2005 Amended and Restated Long Term Incentive Plan. | 10-K | 001-13726 | 10.13.9 | 3/1/2013 | |||||||
| 10.2.7† | Form of 2014 Performance Share Unit Award Agreement for 2005 Amended and Restated Long Term Incentive Plan. | 10-K | 001-13726 | 10.4.7 | 2/27/2014 | |||||||
| 10.2.8† | Form of Restricted Stock Unit Award Agreement for 2005 Amended and Restated Long Term Incentive Plan. | 10-Q | 001-13726 | 10.8 | 8/6/2013 | |||||||
| 10.2.9† | Form of Non-Employee Director Restricted Stock Unit Award Agreement for 2005 Amended and Restated Long Term Incentive Plan. | 10-Q | 001-13726 | 10.9 | 8/6/2013 | |||||||
| 10.2.10† | Form of Pension and Equity Makeup Restricted Stock Award Agreement for 2005 Amended and Restated Long Term Incentive Plan for Robert D. Lawler. | 10-Q | 001-13726 | 10.10 | 8/6/2013 | |||||||
| 10.3.1† | Chesapeake Energy Corporation Deferred Amended and Restated Deferred Compensation Plan, effective January 1, 2016. | 10-K | 001-13726 | 10.3 | 2/25/2016 | |||||||
| 10.3.2† | Amendment to the Chesapeake Energy Corporation Deferred Compensation Plan for Non-Employee Directors, effective January 1, 2017. | X | ||||||||||
| 10.4† | Chesapeake Energy Corporation Deferred Compensation Plan for Non-Employee Directors. | 10-K | 001-13726 | 10.16 | 3/1/2013 | |||||||
| 10.5† | Employment Agreement dated as of May 20, 2013 between Robert D. Lawler and Chesapeake Energy Corporation. | 8-K | 001-13726 | 10.1 | 5/23/2013 | |||||||
| 10.6† | Employment Agreement dated as of January 1, 2016 between Domenic J. Dell'Osso, Jr. and Chesapeake Energy Corporation. | 8-K | 001-13726 | 10.1 | 1/6/2016 | |||||||
| 10.7† | Employment Agreement dated as of January 1, 2016 between James R. Webb and Chesapeake Energy Corporation. | 8-K | 001-13726 | 10.2 | 1/6/2016 | |||||||
| 10.8† | Employment Agreement dated as of January 1, 2016 between M. Christopher Doyle and Chesapeake Energy Corporation. | 8-K | 001-13726 | 10.3 | 1/6/2016 | |||||||
| 10.9† | Employment Agreement dated as of January 1, 2016 between Mikell Jason Pigott and Chesapeake Energy Corporation. | 8-K | 001-13726 | 10.4 | 1/6/2016 | |||||||
| 10.10† | Employment Agreement dated as of May 21, 2015 between Frank Patterson and Chesapeake Energy Corporation. | 10-Q | 001-13726 | 10.1 | 8/5/2015 | |||||||
| 10.11† | Form of Employment Agreement dated as of January 1, 2016 between Executive Vice President/Senior Vice President and Chesapeake Energy Corporation. | 8-K | 001-13726 | 10.5 | 1/6/2016 | |||||||
| 10.12† | Form of Indemnity Agreement for officers and directors of Chesapeake Energy Corporation and its subsidiaries. | 8-K | 001-13726 | 10.3 | 6/27/2012 | |||||||
| 10.13† | Chesapeake Energy Corporation 2013 Annual Incentive Plan. | DEF 14A | 001-13726 | Exhibit G | 5/3/2013 | |||||||
| 10.13.1† | Chesapeake Energy Corporation 2014 Long Term Incentive Plan. | DEF 14A | 001-13726 | Exhibit F | 4/30/2014 | |||||||
| 10.13.2† | Form of Restricted Stock Unit Award Agreement for 2014 Long Term Incentive Plan. | 10-Q | 001-13726 | 10.2 | 8/6/2014 | |||||||
| 10.13.3† | Form of Restricted Stock Award Agreement for 2014 Long Term Incentive Plan. | 10-Q | 001-13726 | 10.3 | 8/6/2014 | |||||||
| 10.13.4† | Form of Nonqualified Stock Option Agreement for 2014 Long Term Incentive Plan. | 10-Q | 001-13726 | 10.4 | 8/6/2014 | |||||||
| 10.13.5† | Form of Performance Share Unit Award Agreement for 2014 Long Term Incentive Plan. | 10-Q | 001-13726 | 10.5 | 8/6/2014 | |||||||
| 10.13.6† | Form of Director Restricted Stock Unit Award Agreement for 2014 Long Term Incentive Plan. | 10-Q | 001-13726 | 10.6 | 8/6/2014 | |||||||
| 12 | Ratios of Earnings to Fixed Charges and Combined Fixed Charges and Preferred Dividends. | X | ||||||||||
| 21 | Subsidiaries of Chesapeake Energy Corporation. | X | ||||||||||
| 23.1 | Consent of PricewaterhouseCoopers LLP. | X | ||||||||||
| 23.2 | Consent of Software Integrated Solutions, Division of Schlumberger Technology Corporation. | X | ||||||||||
| 31.1 | Robert D. Lawler, President and Chief Executive Officer, Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. | X | ||||||||||
| 31.2 | Domenic J. Dell'Osso, Jr., Executive Vice President and Chief Financial Officer, Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. | X | ||||||||||
| 32.1 | Robert D. Lawler, President and Chief Executive Officer, Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. | X | ||||||||||
| 32.2 | Domenic J. Dell'Osso, Jr., Executive Vice President and Chief Financial Officer, Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. | X | ||||||||||
| 99 | Report of Software Integrated Solutions, Division of Schlumberger Technology Corporation. | X | ||||||||||
| 101 INS | XBRL Instance Document. | X | ||||||||||
| 101 SCH | XBRL Taxonomy Extension Schema Document. | X | ||||||||||
| 101 CAL | XBRL Taxonomy Extension Calculation Linkbase Document. | X | ||||||||||
| 101 DEF | XBRL Taxonomy Extension Definition Linkbase Document. | X | ||||||||||
| 101 LAB | XBRL Taxonomy Extension Labels Linkbase Document. | X | ||||||||||
| 101 PRE | XBRL Taxonomy Extension Presentation Linkbase Document. | X | ||||||||||
| * | The Company agrees to furnish supplementally a copy of omitted exhibits and schedules to the Securities and Exchange Commission upon request. |
| ** | The Company agrees to furnish a copy of any of its unfiled long-term debt instruments to the Securities and Exchange Commission upon request. | |||||||||||
| † | Management contract or compensatory plan or arrangement. | |||||||||||
| †† | Confidential treatment has been requested for portions of this exhibit. These portions have been omitted and submitted separately to the Securities and Exchange Commission. | |||||||||||
| PLEASE NOTE: Pursuant to the rules and regulations of the Securities and Exchange Commission, we have filed or incorporated by reference the agreements referenced above as exhibits to this Annual Report on Form 10-K. The agreements have been filed to provide investors with information regarding their respective terms. The agreements are not intended to provide any other factual information about Chesapeake Energy Corporation or its business or operations. In particular, the assertions embodied in any representations, warranties and covenants contained in the agreements may be subject to qualifications with respect to knowledge and materiality different from those applicable to investors and may be qualified by information in confidential disclosure schedules not included with the exhibits. These disclosure schedules may contain information that modifies, qualifies and creates exceptions to the representations, warranties and covenants set forth in the agreements. Moreover, certain representations, warranties and covenants in the agreements may have been used for the purpose of allocating risk between the parties, rather than establishing matters as facts. In addition, information concerning the subject matter of the representations, warranties and covenants may have changed after the date of the respective agreement, which subsequent information may or may not be fully reflected in our public disclosures. Accordingly, investors should not rely on the representations, warranties and covenants in the agreements as characterizations of the actual state of facts about Chesapeake Energy Corporation or its business or operations on the date hereof. |
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