USA Compression Partners Appoints New COO

TL;DR

USA Compression Partners just hired a new COO, Michael Stone, starting April 15th with a $350k salary and 100k LP units.

AI Summary

USA Compression Partners, LP announced on April 3, 2024, the appointment of Michael R. Stone as Chief Operating Officer, effective April 15, 2024. Stone will receive an annual base salary of $350,000 and will be eligible for a discretionary annual bonus. He will also be granted 100,000 LP units of USA Compression Partners, LP, subject to vesting conditions.

Why It Matters

The appointment of a new Chief Operating Officer is a significant leadership change that could impact the company's operational strategy and future performance.

Risk Assessment

Risk Level: medium — Changes in key executive positions can introduce uncertainty regarding future operational strategies and performance.

Key Numbers

• $350,000 — COO Base Salary (Annual compensation for Michael R. Stone.)
• 100,000 LP units — COO Equity Grant (Vesting equity awarded to Michael R. Stone.)

Key Players & Entities

• USA Compression Partners, LP (company) — Registrant
• Michael R. Stone (person) — Appointed Chief Operating Officer
• $350,000 (dollar_amount) — Annual base salary for new COO
• 100,000 LP units (dollar_amount) — Grant to new COO
• April 3, 2024 (date) — Date of report
• April 15, 2024 (date) — Effective date for new COO

FAQ

Key Financial Figures

• $21.7 million — ues to the Partnership of approximately $21.7 million. Neither Mr. Wright nor Mr. Bramhall wi

Filing Documents

• usac-20240403.htm (8-K) — 24KB
• 0001522727-24-000021.txt ( ) — 149KB
• usac-20240403.xsd (EX-101.SCH) — 2KB
• usac-20240403_lab.xml (EX-101.LAB) — 22KB
• usac-20240403_pre.xml (EX-101.PRE) — 13KB
• usac-20240403_htm.xml (XML) — 3KB

From the Filing

usac-20240403 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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): April 3, 2024 USA Compression Partners, LP (Exact Name of Registrant as Specified in Charter) Delaware 1-35779 75-2771546 (State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 111 Congress Avenue , Suite 2400 Austin , Texas 78701 (Address of principal executive offices) (zip code) Registrant's telephone number, including area code: ( 512 ) 473-2662 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 ( see General Instruction A.2. below): 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 exchange on which registered Common units representing limited partner interests USAC 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. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On April 3, 2024, Mr. Christopher R. Curia announced his resignation from the board of directors of USA Compression GP, LLC (the " General Partner "), the general partner of USA Compression Partners, LP (the " Partnership "), effective at 11:59 p.m. on April 3, 2024. Mr. Curia's decision to resign from the board of directors of the General Partner was not due to any disagreement with the General Partner or the Partnership relating to operations, practices or policies. On April 3, 2024, Energy Transfer LP (" Energy Transfer "), the sole member of the General Partner, set the size of the board of directors of the General Partner (the " Board ") at ten and appointed each of James M. Wright, Jr. and Dylan A. Bramhall to serve as a director on the Board effective as of 12:00 a.m. on April 4, 2024. There are no arrangements or understandings between either Mr. Wright or Mr. Bramhall and any other persons pursuant to which he will serve as a director. Mr. Wright is the Executive Vice President, General Counsel and Chief Compliance Officer of the general partner of Energy Transfer, and Mr. Bramhall is the Executive Vice President and Group Chief Financial Officer of the general partner of Energy Transfer. For the year ended December 31, 2023, subsidiaries of Energy Transfer generated revenues to the Partnership of approximately $21.7 million. Neither Mr. Wright nor Mr. Bramhall will receive any compensation from the Partnership for his service as a director on the Board. 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. USA COMPRESSION PARTNERS, LP By: USA Compression GP, LLC, its General Partner Date: April 5, 2024 By: /s/ Christopher W. Porter Christopher W. Porter Vice President, General Counsel and Secretary

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