Current Report Filing (8-k)
January 29 2015 - 5:02AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
January 28, 2015
IMPERIAL OIL LIMITED
(Exact name of
registrant as specified in its charter)
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Canada |
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0-12014 |
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98-0017682 |
(State or other jurisdiction
of incorporation) |
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(Commission File Number) |
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(IRS Employer Identification No.) |
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237 Fourth Avenue S.W., Calgary, Alberta |
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T2P 3M9 |
(Address of principal executive offices) |
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(Zip Code) |
Registrants telephone number, including area code:
(800) 567-3776
(Former name or former address, if changed since last report)
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 (see General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
On January 28, 2015, the Company announced that is evaluating the
potential transition of its remaining company-owned Esso retail sites to a branded wholesaler operating model. A copy of the Companys news release is attached as Exhibit 99.1 to this report.
Item 9.01 |
Financial Statements and Exhibits. |
The following exhibit is furnished as part of this report on Form 8-K:
99.1 News release of the Company on January 28, 2015 announcing that it is evaluating the
potential transition of its remaining company-owned Esso retail sites to a branded wholesaler operating model.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
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IMPERIAL OIL LIMITED |
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Date: January 28, 2015 |
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By: |
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/s/ Lara Pella |
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Name: |
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Lara Pella |
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Title: |
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Assistant General Counsel and |
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Corporate Secretary |
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By: |
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/s/ Cathryn Walker |
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Name: |
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Cathryn Walker |
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Assistant Corporate Secretary |
Exhibit 99.1
Imperial
evaluating operating model for remaining company-owned Esso stations
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Potential transition of remaining company-owned sites to branded wholesaler operating model is being assessed |
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Approximately two-thirds of Esso-branded locations in Canada already operate under the branded wholesaler model |
Calgary, AB January 28, 2015 Imperial Oil Limited (Imperial) is evaluating the potential transition of its remaining company-owned
Esso retail sites to a branded wholesaler operating model. Growth opportunities for the On the Run convenience store brand will also be evaluated.
Under the
branded wholesaler operating model, Imperial supplies fuel to independent third parties who own and/or operate the sites in alignment with Esso brand standards.
The majority of Imperials 1700 Esso-branded retail fuel sites in Canada operate under the branded wholesaler model. The remaining 500 sites are company-owned and
will be part of this evaluation.
This evaluation will include a non-binding bid process, which will begin in the coming weeks.
Esso has a long, successful history as a leading retailer of high-quality fuels, said Brad Merkel, vice president of fuels and lubricants at
Imperial. This evaluation will determine if strategic investments, through new business partnerships, can fuel further growth of the Esso brand in Canada.
Prospective buyers could include current or potential branded wholesalers who are aligned with Imperials intention to continue to grow the Esso brand. Interested
parties may contact the Imperial retail evaluation team via e-mail at: essoassetinquiries@esso.ca.
Regardless of the outcome of this evaluation, consumers will
still be able to purchase the same high-quality fuel and lubricant products and can continue to expect the same superior buying experience at Esso service stations.
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Contacts:
Investor Relations
Meredith Milne
587-476-4743
Media Relations
Killeen Kelly
403-237-2710
After more than a century, Imperial continues to be an industry leader in applying technology and innovation to responsibly develop Canadas
energy resources. As Canadas largest petroleum refiner, a major producer of crude oil and natural gas, a key petrochemical producer and a leading fuels marketer from coast to coast,
our company remains committed to high standards across all areas of our business.
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