USA Compression Partners, LP Appoints New Director
Ticker: USAC · Form: 8-K · Filed: Oct 3, 2024 · CIK: 1522727
| Field | Detail |
|---|---|
| Company | Usa Compression Partners, LP (USAC) |
| Form Type | 8-K |
| Filed Date | Oct 3, 2024 |
| Risk Level | low |
| Pages | 5 |
| Reading Time | 7 min |
| Key Dollar Amounts | $962,000, $25,000, $740,000, $500,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-appointment, governance
TL;DR
USA Compression Partners just added a new director to their board.
AI Summary
USA Compression Partners, LP announced on October 2, 2024, a change in its board of directors. Specifically, Michael J. S. Thomas has been appointed as a Class III Director, effective immediately. This appointment is part of the company's ongoing governance and operational adjustments.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future decision-making.
Risk Assessment
Risk Level: low — The filing reports a routine board appointment, which typically carries low risk.
Key Players & Entities
- USA Compression Partners, LP (company) — Registrant
- Michael J. S. Thomas (person) — Appointed Class III Director
- October 2, 2024 (date) — Effective date of appointment
FAQ
Who was appointed to the board of directors?
Michael J. S. Thomas was appointed as a Class III Director.
When was the appointment effective?
The appointment was effective October 2, 2024.
What class of director was appointed?
Michael J. S. Thomas was appointed as a Class III Director.
What is the company's full legal name?
The company's full legal name is USA Compression Partners, LP.
In which state is USA Compression Partners, LP incorporated?
USA Compression Partners, LP is incorporated in Delaware.
Filing Stats: 1,639 words · 7 min read · ~5 pages · Grade level 12.7 · Accepted 2024-10-03 07:01:19
Key Financial Figures
- $962,000 — ts affiliates; A separation payment of $962,000 (the " Separation Payment "), less all
- $25,000 — rm (as defined below) with a payment of $25,000 for the supplemental release, which bri
- $740,000 — ement, Mr. Long will receive a total of $740,000, paid monthly in arrears (the " Consult
- $500,000 — n will receive an annual base salary of $500,000 and will participate in the Cash Bonus
Filing Documents
- usac-20241002.htm (8-K) — 41KB
- elongretirementpr10-03.htm (EX-99.1) — 7KB
- image_0a.jpg (GRAPHIC) — 80KB
- 0001522727-24-000038.txt ( ) — 290KB
- usac-20241002.xsd (EX-101.SCH) — 2KB
- usac-20241002_lab.xml (EX-101.LAB) — 22KB
- usac-20241002_pre.xml (EX-101.PRE) — 13KB
- usac-20241002_htm.xml (XML) — 3KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On October 3, 2024, the Partnership issued a press release in connection with the leadership transition described above, a copy of which is furnished as Exhibit 99.1 to this Current Report. The information furnished pursuant to this Item 7.01 (including the exhibit) shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (as amended, the "Exchange Act"), or otherwise subject to the liabilities of that section, and is not incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 99.1 Press Release dated October 3, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 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: October 3, 2024 By: /s/ Christopher W. Porter Christopher W. Porter Vice President, General Counsel and Secretary