Archrock 8-K: Leadership/Compensation Changes Reported Jan 25

TL;DR

**Archrock filed an 8-K on Jan 26, reporting executive changes and compensation arrangements from Jan 25.**

AI Summary

Archrock, Inc. filed an 8-K on January 26, 2024, reporting an event that occurred on January 25, 2024, related to the departure or election of directors or officers and their compensatory arrangements. This filing, under Commission File Number 001-33666, indicates changes in leadership or executive compensation, which could impact the company's strategic direction and financial performance. For investors, understanding these changes is crucial as they can signal shifts in corporate governance or future operational strategies, potentially affecting stock valuation.

Why It Matters

Changes in executive leadership or compensation can signal strategic shifts or financial health, directly influencing investor confidence and the company's future performance.

Risk Assessment

Risk Level: medium — Changes in leadership or compensation can introduce uncertainty, but without specific details, the immediate risk is moderate.

Analyst Insight

Investors should monitor subsequent filings or company announcements for specific details regarding the reported executive changes and compensation arrangements to assess their potential impact on Archrock's future strategy and financial outlook.

Key Players & Entities

• Archrock, Inc. (company) — registrant filing the 8-K
• 001-33666 (other) — Commission File Number
• New York Stock Exchange (other) — exchange where AROC common stock is registered
• AROC (other) — trading symbol for Archrock, Inc. common stock

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common stock, $0.01 par value per share AROC New York S

Filing Documents

• tm244189d1_8k.htm (8-K) — 27KB
• tm244189d1_ex10-1.htm (EX-10.1) — 32KB
• tm244189d1_ex10-1img001.jpg (GRAPHIC) — 5KB
• 0001104659-24-007241.txt ( ) — 244KB
• aroc-20240125.xsd (EX-101.SCH) — 3KB
• aroc-20240125_lab.xml (EX-101.LAB) — 33KB
• aroc-20240125_pre.xml (EX-101.PRE) — 22KB
• tm244189d1_8k_htm.xml (XML) — 3KB

02 Departure of Directors or Certain Officers; Election

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 25, 2024 (the "Effective Date"), Archrock, Inc. (the "Company") entered into a Retention Incentive Agreement (the "Retention Agreement") with D. Bradley Childers, the Company's President and Chief Executive Officer. Under the Retention Agreement, the Company agreed to provide certain retirement benefits to Mr. Childers, who is currently 59 years old, if he remains employed with the Company until the age of 62 and thereafter retires, subject to certain exceptions set forth therein. The Retention Agreement provides, in the event of Mr. Childers' qualifying retirement (including on account of death or disability) after reaching age 62, that (i) any outstanding equity, equity-based or cash awards based in common stock of the Company ("Equity Awards") will continue to vest pursuant to their terms generally on the same basis as if Mr. Childers had remained employed (and performance-based awards will remain subject to achievement of all relevant performance goals), (ii) Mr. Childers may request cash settlement for time-based Equity Awards granted on or after the Effective Date (which awards will be granted in the form of restricted stock units with dividend equivalent rights), (iii) Mr. Childers will receive a prorated annual short-term incentive payment for the year of his retirement, with such payment determined based on actual performance relative to applicable Company performance metrics for the year (except that Mr. Childers' individual performance percentage for the year will be deemed achieved at 100% of the target level), and (iv) Mr. Childers and his covered dependents will be eligible to continue to receive medical, dental and vision coverage at active employee rates through the date of Medicare eligibility (or, with respect to Mr. Childers' covered dependents, through the end of the scheduled v

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits 10.1 Retention Incentive Agreement, dated January 25, 2024, by and between Archrock, Inc. and D. Bradley Childers. 10.2 Form of Severance Benefit Agreement applicable to Messrs. Childers and Ingersoll, incorporated by reference to Exhibit 10.9 to the Registrant's Current Report on Form 8–K filed on November 5, 2015. 10.3 Form of Change of Control Agreement applicable to Messrs. Childers and Ingersoll, incorporated by reference to Exhibit 10.10 to the Registrant's Current Report on Form 8–K filed on November 5, 2015 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

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. ARCHROCK, INC. By: /s/ Stephanie C. Hildebrandt Stephanie C. Hildebrandt Senior Vice President, General Counsel and Secretary January 26, 2024

View Full Filing

View this 8-K filing on SEC EDGAR