Chesapeake Energy 2015 Annual Report Download - page 165

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ITEM 9. Changes In and Disagreements with Accountants on Accounting and Financial Disclosure
Not applicable.
ITEM 9A. Controls and Procedures
Evaluation of Disclosure Controls and Procedures
We maintain disclosure controls and procedures designed to ensure that information required to be disclosed in
reports we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time
periods specified in SEC rules and forms, and that such information is accumulated and communicated to management,
including our principal executive and principal financial officers, as appropriate, to allow timely decisions regarding
required disclosure. As of the end of the period covered by this report, we carried out an evaluation, under the supervision
and with the participation of management, including our Chief Executive Officer and Chief Financial Officer, of the
effectiveness of the design and operation of Chesapeake’s disclosure controls and procedures pursuant to Exchange
Act Rule 13a–15(b). Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded
that our disclosure controls and procedures were effective as of December 31, 2015.
Changes in Internal Control Over Financial Reporting
There was no change in our internal control over financial reporting during the quarter ended December 31, 2015,
which materially affected, or was reasonably likely to materially affect, our internal control over financial reporting.
ITEM 9B. Other Information
On February 22, 2016, Louis A. Raspino informed the Company of his decision to resign from his position as a
director effective March 10, 2016 in order to devote more time to his new position as Chairman of Clarion Offshore
Partners, a global investment platform formed in partnership with Blackstone. Mr. Raspino has served as a director of
Chesapeake since March 2013. Mr. Raspino served as Chairman of the Audit Committee of the Board of Directors.
Mr. Raspino’s decision to resign from the Board of Directors was not the result of any disagreement with the Company
on any matter relating to its operations, policies or practices.
PART III
ITEM 10. Directors, Executive Officers and Corporate Governance
The names of executive officers and certain other senior officers of the Company and their ages, titles and
biographies as of the date hereof are incorporated by reference from Item 1 of Part I of this report. The other information
called for by this Item 10 is incorporated herein by reference to the definitive proxy statement to be filed by Chesapeake
pursuant to Regulation 14A of the General Rules and Regulations under the Securities Exchange Act of 1934 not later
than April 30, 2016 (the “2016 Proxy Statement”).
ITEM 11. Executive Compensation
The information called for by this Item 11 is incorporated herein by reference to the 2016 Proxy Statement.
ITEM 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder
Matters
The information called for by this Item 12 is incorporated herein by reference to the 2016 Proxy Statement.
ITEM 13. Certain Relationships and Related Transactions and Director Independence
The information called for by this Item 13 is incorporated herein by reference to the 2016 Proxy Statement.
ITEM 14. Principal Accountant Fees and Services
The information called for by this Item 14 is incorporated herein by reference to the 2016 Proxy Statement.