MPLX LP Reports Board Changes and Officer Appointments
Ticker: MPLXP · Form: 8-K · Filed: May 13, 2024 · CIK: 1552000
Sentiment: neutral
Topics: corporate-governance, officer-appointment, director-election
TL;DR
MPLX LP board shakeup and officer changes filed May 11, 2024.
AI Summary
MPLX LP announced on May 11, 2024, changes related to its board of directors and officers, including the departure of certain individuals and the election of new directors. The filing also covers compensatory arrangements for certain officers and other events, along with financial statements and exhibits.
Why It Matters
Changes in board composition and officer appointments can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns routine corporate governance and personnel changes, with no immediate financial distress or significant operational shifts indicated.
Key Players & Entities
- MPLX LP (company) — Registrant
FAQ
What specific roles have been affected by the changes in directors and officers?
The filing indicates changes in directors and officers, including departures and elections, but does not specify the exact roles affected in this summary.
When were these changes effective?
The earliest event reported is dated May 11, 2024.
Are there any details on new compensatory arrangements for officers?
The filing mentions compensatory arrangements of certain officers as an item covered, but specific details are not provided in this summary.
What other events are reported in this 8-K filing?
Besides director and officer changes, the filing also covers 'Other Events' and 'Financial Statements and Exhibits'.
What is the primary business of MPLX LP?
MPLX LP is primarily involved in the 'PIPE LINES (NO NATURAL GAS)' industry, as indicated by its Standard Industrial Classification code.
Filing Stats: 1,144 words · 5 min read · ~4 pages · Grade level 10.4 · Accepted 2024-05-13 16:49:54
Key Financial Figures
- $1,750,000 — ary as MPC's Chief Executive Officer is $1,750,000, and his current target bonus opportuni
- $14,800,000 — long-term incentive ("LTI") program was $14,800,000 for 2024. Ms. Mannen's current annual b
- $1,050,000 — nnual base salary as MPC's President is $1,050,000, and her current target bonus opportuni
- $5,000,000 — award value under MPC's LTI program was $5,000,000 for 2024. Descriptions of the ACB and L
Filing Documents
- mplx-20240511.htm (8-K) — 34KB
- pressreleaseissuedbymplxlp.htm (EX-99.1) — 11KB
- image_0a.jpg (GRAPHIC) — 64KB
- 0001552000-24-000017.txt ( ) — 258KB
- mplx-20240511.xsd (EX-101.SCH) — 2KB
- mplx-20240511_lab.xml (EX-101.LAB) — 21KB
- mplx-20240511_pre.xml (EX-101.PRE) — 12KB
- mplx-20240511_htm.xml (XML) — 3KB
01
Item 8.01 Other Events On May 13, 2024, the Partnership issued a press release announcing the leadership changes reported above. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Press Release issued by MPLX LP on May 13, 2024 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. MPLX LP By: MPLX GP LLC, its General Partner Date: May 13, 2024 By: /s/ Molly R. Benson Name: Molly R. Benson Title: Chief Legal Officer and Corporate Secretary