Kinetik Holdings Inc. Announces Director Changes and Shareholder Votes
Ticker: KNTK · Form: 8-K · Filed: May 23, 2024 · CIK: 1692787
Sentiment: neutral
Topics: governance, board-changes, shareholder-vote
Related Tickers: KNTK
TL;DR
Kinetik's board is changing, and they're holding a shareholder vote.
AI Summary
Kinetik Holdings Inc. announced on May 20, 2024, the departure of director Michael P. McGovern and the election of new director Carlos E. R. Garcia. The company also reported on compensatory arrangements for certain officers and submitted matters to a vote of security holders. The filing includes financial statements and exhibits.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, while shareholder votes directly impact corporate decisions.
Risk Assessment
Risk Level: low — This filing primarily concerns routine corporate governance matters and does not appear to involve significant financial risks or operational changes.
Key Players & Entities
- Kinetik Holdings Inc. (company) — Registrant
- Michael P. McGovern (person) — Departing Director
- Carlos E. R. Garcia (person) — Newly Elected Director
- May 20, 2024 (date) — Date of earliest event reported
FAQ
Who has departed from Kinetik Holdings Inc.'s board of directors?
Michael P. McGovern has departed from the board of directors.
Who has been elected as a new director to Kinetik Holdings Inc.'s board?
Carlos E. R. Garcia has been elected as a new director.
What is the exact date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is May 20, 2024.
What are the main items covered in this 8-K filing?
The filing covers the departure of a director, election of a new director, compensatory arrangements of certain officers, submission of matters to a vote of security holders, and financial statements and exhibits.
In which state is Kinetik Holdings Inc. incorporated?
Kinetik Holdings Inc. is incorporated in Delaware.
Filing Stats: 951 words · 4 min read · ~3 pages · Grade level 11.8 · Accepted 2024-05-23 17:00:34
Key Financial Figures
- $0.0001 — stered Class A Common Stock, par value $0.0001 per share KNTK New York Stock Excha
Filing Documents
- d843451d8k.htm (8-K) — 45KB
- d843451dex101.htm (EX-10.1) — 135KB
- 0001193125-24-146079.txt ( ) — 339KB
- kntk-20240520.xsd (EX-101.SCH) — 3KB
- kntk-20240520_lab.xml (EX-101.LAB) — 18KB
- kntk-20240520_pre.xml (EX-101.PRE) — 11KB
- d843451d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits (c) Exhibits. The following exhibit accompanies this Report: Exhibit No. Exhibit Description 10.1* Kinetik Holdings Inc. Amended and Restated 2019 Omnibus Compensation Plan 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Filed herewith. Management contract or compensatory plan or arrangement. 3 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: May 23, 2024 KINETIK HOLDINGS INC. By: /s/ Todd Carpenter Name: Todd Carpenter Title: General Counsel, Assistant Secretary and Chief Compliance Officer 4