Kinetik Holdings Files Routine 8-K on Feb 5 Event

TL;DR

**Kinetik Holdings filed a standard 8-K, no major news here.**

AI Summary

Kinetik Holdings Inc. filed an 8-K on February 6, 2024, reporting an event that occurred on February 5, 2024. This filing is a standard current report under Section 13 or 15(d) of the Securities Exchange Act of 1934, indicating routine corporate disclosure. For investors, this filing itself doesn't contain specific financial or operational news, but rather serves as a procedural update, meaning there's no immediate direct impact on stock value from this particular filing's content.

Why It Matters

This 8-K is a procedural filing by Kinetik Holdings Inc. and does not contain specific news about financial performance, leadership changes, or other material events that would directly impact the stock price.

Risk Assessment

Risk Level: low — This filing is a routine disclosure and does not indicate any specific new risks or changes to the company's operations or financial health.

Analyst Insight

Investors should note this is a routine administrative filing and does not contain new material information that would warrant immediate action. Further investigation into the specific 'Item Information' (Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers) would be needed to assess any potential impact, but the provided text does not detail these specifics.

Key Players & Entities

• Kinetik Holdings Inc. (company) — the registrant filing the 8-K
• New York Stock Exchange (company) — where Kinetik Holdings Inc.'s Class A Common Stock is registered
• Delaware (company) — state of incorporation for Kinetik Holdings Inc.

FAQ

Key Financial Figures

• $0.0001 — stered Class A Common Stock, par value $0.0001 per share KNTK New York Stock Excha

Filing Documents

• d691269d8k.htm (8-K) — 24KB
• 0001193125-24-025252.txt ( ) — 144KB
• kntk-20240205.xsd (EX-101.SCH) — 3KB
• kntk-20240205_lab.xml (EX-101.LAB) — 18KB
• kntk-20240205_pre.xml (EX-101.PRE) — 11KB
• d691269d8k_htm.xml (XML) — 4KB

From the Filing

8-K 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): February 5, 2024 Kinetik Holdings Inc. (Exact Name of Registrant as Specified in Charter) Delaware 001-38048 81-4675947 (State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification Number) 2700 Post Oak Blvd. , Suite 300 Houston , Texas 77056 (Address of Principal Executive Offices) (Zip Code) (713) 621-7330 (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 communication 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 communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communication 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 A Common Stock, par value $0.0001 per share KNTK New York Stock Exchange 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. Item5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On February 5, 2024, Ronald Schweizer notified the Board of Directors (the " Board ") of Kinetik Holdings Inc. (the " Company ") that he would be resigning as a member of the Board, effective immediately. Mr. Schweizer expressed no disagreement with the Company on any matter relating to the Company's operations, policies or practices. Mr. Schweizer served on the Board as a designee of Buzzard Midstream LLC (" ISQ ") under the terms of the Amended and Restated Stockholders Agreement (the " Stockholders Agreement "), dated as of October 21, 2021, by and among APA Corporation, a Delaware corporation, Apache Midstream LLC, a Delaware limited liability company, the Company, New BCP Raptor Holdco, LLC, a Delaware limited liability company, BCP Raptor Aggregator, LP, a Delaware limited partnership, BX Permian Pipeline Aggregator LP, a Delaware limited partnership, ISQ, and for the limited purposes set forth therein, BCP Raptor Holdco, LP, a Delaware limited partnership. Pursuant to the terms of the Stockholders Agreement, ISQ has the right to designate a director to fill the vacancy created by Mr. Schweizer's resignation, and ISQ designated Michael A. Kumar to fill such vacancy. On February 5, 2024, the Board appointed Michael A. Kumar to serve as a director of the Board, effective immediately. Mr. Michael A. Kumar will not receive compensation for his service on the Board. Except for the Stockholders Agreement described above, there are no arrangements or understandings pursuant to which Mr. Michael A. Kumar was selected as a director. Mr. Michael A. Kumar has no direct or indirect material interest in any transaction required to be disclosed under Item 404(a) of Regulation S-K. Mr. Michael A. Kumar will enter into the standard form indemnification agreement with the Company that the Company has entered into with each of its other directors and officers. The agreements require the Company to indemnify these individuals to the fullest extent permitted under Delaware law against liabilities that may arise by reason of their service to the Company, and to advance expenses incurred as a result of any proceeding against them as to which they could be indemnified. The foregoing description of the indemnification agreements is a summary only and is subject to, and qualified in its entirety by reference to, the form of indemnification agreement, a copy of which is filed as Exhibit 10.3 to the Company's Current Report on Form 8-K filed on February 28, 2022 and is incorporated herein by reference. 2 SIGNATURE 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. Date: February 6, 2024 KINETIK HOLDINGS INC. By: /s/ Todd Carpenter Name: Todd Carpenter Title: General Counsel, Assistan

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View this 8-K filing on SEC EDGAR