Targa Resources Elects Directors, Adjusts Officer Compensation
Ticker: TRGP · Form: 8-K · Filed: Mar 14, 2024 · CIK: 1389170
| Field | Detail |
|---|---|
| Company | Targa Resources Corp. (TRGP) |
| Form Type | 8-K |
| Filed Date | Mar 14, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, board-of-directors, compensation
Related Tickers: TRGP
TL;DR
Targa Resources board shakeup: new directors elected, exec pay reviewed.
AI Summary
Targa Resources Corp. announced on March 11, 2024, the election of new directors and changes in officer compensation. Specifically, the company elected three Class III directors: Jennifer M. Daniels, David B. Harris, and Jeffrey A. Jones, each for a three-year term. The filing also disclosed compensatory arrangements for certain officers, though specific details on dollar amounts were not provided in this section.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy and governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns routine corporate governance matters like director elections and compensation adjustments, with no immediate financial distress or significant operational changes indicated.
Key Players & Entities
- Targa Resources Corp. (company) — Registrant
- Jennifer M. Daniels (person) — Newly Elected Class III Director
- David B. Harris (person) — Newly Elected Class III Director
- Jeffrey A. Jones (person) — Newly Elected Class III Director
- March 11, 2024 (date) — Date of earliest event reported
FAQ
Who were the newly elected Class III directors at Targa Resources Corp.?
Jennifer M. Daniels, David B. Harris, and Jeffrey A. Jones were elected as Class III directors.
For how long are the newly elected directors serving?
The newly elected directors were each elected for a three-year term.
What specific item information is covered in this 8-K filing?
This filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, as well as financial statements and exhibits.
What is the exact name of the registrant as specified in its charter?
The exact name of the registrant is Targa Resources Corp.
When was the earliest event reported in this filing?
The earliest event reported in this filing was on March 11, 2024.
Filing Stats: 904 words · 4 min read · ~3 pages · Grade level 10.6 · Accepted 2024-03-14 16:30:31
Filing Documents
- d782301d8k.htm (8-K) — 27KB
- 0001193125-24-067952.txt ( ) — 147KB
- trgp-20240311.xsd (EX-101.SCH) — 3KB
- trgp-20240311_lab.xml (EX-101.LAB) — 18KB
- trgp-20240311_pre.xml (EX-101.PRE) — 11KB
- d782301d8k_htm.xml (XML) — 4KB
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 thereunto duly authorized. TARGA RESOURCES CORP. Dated: March 14, 2024 By: /s/ Jennifer R. Kneale Jennifer R. Kneale Chief Financial Officer 3