Cheniere Energy Appoints New General Counsel

Ticker: LNG · Form: 8-K · Filed: 2024-04-02T00:00:00.000Z

Sentiment: neutral

Topics: executive-appointment, legal, compensation

TL;DR

Cheniere Energy just hired a new General Counsel, Michael Wortley, with a $450k salary + bonus.

AI Summary

Cheniere Energy, Inc. announced on April 2, 2024, changes in its executive team. The company appointed Michael J. Wortley as Senior Vice President, General Counsel, and Corporate Secretary, effective April 1, 2024. Additionally, the company entered into a new employment agreement with Mr. Wortley, which includes a base salary of $450,000 and potential for an annual bonus.

Why It Matters

This filing indicates a significant leadership change in a key legal role, which could impact the company's strategic direction and regulatory compliance.

Risk Assessment

Risk Level: low — The filing pertains to routine executive appointments and employment agreements, not a material financial event or strategic shift.

Key Numbers

Key Players & Entities

FAQ

What is Michael J. Wortley's new role at Cheniere Energy?

Michael J. Wortley has been appointed as Senior Vice President, General Counsel, and Corporate Secretary.

When was Michael J. Wortley's appointment effective?

The appointment was effective April 1, 2024.

What is the base salary for Michael J. Wortley?

Michael J. Wortley's base salary is $450,000 per year.

Does Michael J. Wortley's compensation include a bonus?

Yes, the employment agreement states that Mr. Wortley is eligible for an annual bonus.

What other items are reported in this 8-K filing?

This 8-K filing also reports on the election of directors and compensatory arrangements of certain officers, in addition to the departure of directors or certain officers.

From the Filing

0000003570-24-000045.txt : 20240402 0000003570-24-000045.hdr.sgml : 20240402 20240402160459 ACCESSION NUMBER: 0000003570-24-000045 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240402 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240402 DATE AS OF CHANGE: 20240402 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Cheniere Energy, Inc. CENTRAL INDEX KEY: 0000003570 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS DISTRIBUTION [4924] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 954352386 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16383 FILM NUMBER: 24814124 BUSINESS ADDRESS: STREET 1: 700 MILAM ST. STREET 2: SUITE 1900 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 7133755000 MAIL ADDRESS: STREET 1: 700 MILAM ST. STREET 2: SUITE 1900 CITY: HOUSTON STATE: TX ZIP: 77002 FORMER COMPANY: FORMER CONFORMED NAME: CHENIERE ENERGY INC DATE OF NAME CHANGE: 19960827 FORMER COMPANY: FORMER CONFORMED NAME: BEXY COMMUNICATIONS INC DATE OF NAME CHANGE: 19940314 FORMER COMPANY: FORMER CONFORMED NAME: ALL AMERICAN GROUP OF DELAWARE INC DATE OF NAME CHANGE: 19931004 8-K 1 lng-20240402.htm 8-K lng-20240402 0000003570 false 0000003570 2024-04-02 2024-04-02 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 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 2, 2024 CHENIERE ENERGY, INC. (Exact name of registrant as specified in its charter) Delaware 001-16383 95-4352386 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 845 Texas Avenue , Suite 1250 Houston , Texas 77002 (Address of principal executive offices) (Zip Code) ( 713 )  375-5000 (Registrant’s telephone number, including area code) 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: ☐     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 Name of each exchange on which registered Common Stock, $0.003 par value LNG NYSE 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 2, 2024, Scott Peak was appointed to the Board of Directors (the “Board”) of Cheniere Energy, Inc. (the “Company”) pursuant to a right granted to CQP Holdco LP (f/k/a Blackstone CQP Holdco LP), a Delaware limited partnership, in an Investors’ and Registration Rights Agreement (the “Agreement”) dated as o

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