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): May 16, 2024
Summit Midstream Partners, LP
(Exact name of registrant as specified in its charter)
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| Delaware | | 001-35666 | | 45-5200503 |
| (State or other jurisdiction | | (Commission | | (IRS Employer |
| of incorporation) | | File Number) | | Identification No.) |
910 Louisiana Street, Suite 4200
Houston, TX 77002
(Address of principal executive office) (Zip Code)
(Registrants’ telephone number, including area code): (832) 413-4770
Not applicable
(Former name or former address, if changed since last report)
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:
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| o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| o | 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 Securities Act:
| | | | | | | | |
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common Units | SMLP | 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).
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. o
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective as of May 16, 2024, the Board of Directors (the “Board”) of Summit Midstream GP, LLC, a Delaware limited liability company (the “General Partner”), the general partner of Summit Midstream Partners, LP, a Delaware limited partnership (the “Partnership”), approved and adopted the First Amendment (the “Amendment”) to the Summit Midstream Partners, LP 2022 Long-Term Incentive Plan (the “Plan”). The Amendment amends the Plan to increase the number of common units representing limited partner interests in the Partnership (“common units”) that may be delivered with respect to awards granted under the Plan by 750,000 common units.
The Plan was originally adopted as of March 16, 2022 and authorizes the Compensation Committee of the Board, in its discretion, to grant awards of restricted units, phantom units, unit options, unit appreciation rights and other awards related to common units of the Partnership upon such terms and conditions as it may determine appropriate and in accordance with the terms of the Plan.
The foregoing description of the Amendment is not complete and is qualified in its entirety by reference to the full text of the Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated into this Item 5.02 by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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| Exhibit Number | | Description |
| 10.1 | | |
| 104 | | Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document |
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.
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| | Summit Midstream Partners, LP |
| | (Registrant) |
| | |
| | By: | Summit Midstream GP, LLC (its general partner) |
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| Dated: | May 22, 2024 | /s/ James D. Johnston |
| | James D. Johnston, Executive Vice President, General Counsel, Chief Compliance Officer and Secretary |
