Kinder Morgan Elects New Directors, Adjusts Executive Pay

TL;DR

KMI adds 2 directors, revises exec pay. Board shakeup incoming.

AI Summary

Kinder Morgan, Inc. announced on July 30, 2024, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, David J. Sokol and David L. Stover, to its board. Additionally, the company entered into new employment agreements with certain executive officers, including compensation details.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: medium — Changes in board composition and executive compensation can introduce uncertainty regarding future strategic direction and management stability.

Key Players & Entities

• Kinder Morgan, Inc. (company) — Registrant
• David J. Sokol (person) — Newly elected director
• David L. Stover (person) — Newly elected director
• July 30, 2024 (date) — Date of earliest event reported

FAQ

Filing Documents

• kmi-20240730.htm (8-K) — 24KB
• kmi-20240730_g1.jpg (GRAPHIC) — 17KB
• 0001506307-24-000091.txt ( ) — 233KB
• kmi-20240730.xsd (EX-101.SCH) — 3KB
• kmi-20240730_def.xml (EX-101.DEF) — 15KB
• kmi-20240730_lab.xml (EX-101.LAB) — 28KB
• kmi-20240730_pre.xml (EX-101.PRE) — 16KB
• kmi-20240730_htm.xml (XML) — 4KB

From the Filing

kmi-20240730 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): July 30, 2024 KINDER MORGAN, INC. (Exact name of registrant as specified in its charter) Delaware 001-35081 80-0682103 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 1001 Louisiana Street , Suite 1000 Houston , Texas 77002 (Address of principal executive offices, including zip code) 713 - 369-9000 (Registrant's telephone number, including area code) 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: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities Registered Pursuant to Section 12(b) of the Act: Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered Class P Common Stock KMI NYSE 2.250% Senior Notes due 2027 KMI 27A NYSE Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging Growth Company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On July 30, 2024, Joel V. Staff notified Kinder Morgan, Inc. ("KMI") that he will retire from KMI's Board of Directors effective August 1, 2024. Mr. Staff's decision to retire was not due to any disagreement with KMI. 2 S I G N A T U R E 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. KINDER MORGAN, INC. Dated: July 31, 2024 By: /s/ Eric McCord R. Eric McCord Vice President and Secretary 3

View Full Filing

View this 8-K filing on SEC EDGAR