EQT Midstream Partners, LP (NYSE:EQM) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

ME Staff 8-k
-
0
EQT Midstream Partners, LP (NYSE:EQM) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

EQT Midstream Partners, LP (NYSE:EQM) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective September25, 2018, the membership of the Board of Directors of EQT Midstream Services, LLC, the general partner (the EQM General Partner) of EQT Midstream Partners, LP (EQM), was increased from seven (7)to eight (8)directors, and Kenneth M. Burke was appointed as an independent director to fill the resulting vacancy. Effective the same day, the membership of the Board of Directors of EQT GP Services, LLC, the general partner (the EQGP General Partner) of EQT GP Holdings, LP, was increased from seven (7)to eight (8)directors, and Mr.Burke was appointed as an independent director to fill the resulting vacancy. Mr.Burke will serve as a member of the Audit Committees of each of the EQM General Partner and the EQGP General Partner.

Mr.Burke has served as a director of EQT Corporation (NYSE: EQT) (EQT), the ultimate parent company of the EQM General Partner and the EQGP General Partner, since January2012 and a director of Nexeo Solutions,Inc. (NASDAQ: NXEO) (Nexeo) since November2011. He currently serves as a member of the Audit and Public Policy and Corporate Responsibility Committees for EQT and the Chairman of the Audit Committee for Nexeo. Following the proposed separation of EQT’s upstream and midstream businesses and the creation of a standalone publicly traded corporation known as Equitrans Midstream Corporation (the Separation), Mr.Burke will serve as the Chairman of the Audit Committee for the EQGP General Partner. Mr.Burke will receive the standard compensation amounts payable to non-employee directors of the EQM General Partner, as described in EQM’s Annual Report on Form10-K filed with the U.S. Securities and Exchange Commission on February15, 2018.

Effective as of the Separation, Stephen A. Thorington, a current director of the EQM General Partner and the EQGP General Partner, will be removed from the Board of Directors of each of the EQM General Partner and the EQGP General Partner.


About EQT Midstream Partners, LP (NYSE:EQM)

EQT Midstream Partners, LP (EQM) owns, operates, acquires and develops midstream assets in the Appalachian Basin. The Company operates through two segments: Transmission and storage, which includes its Federal Energy Regulatory Commission (FERC)-regulated interstate pipeline and storage business, and Gathering, which includes high pressure gathering lines and the FERC-regulated low pressure gathering system. It provides midstream services to EQT Corporation (EQT) and multiple third parties across 20 counties in Pennsylvania and West Virginia through its approximately two assets, such as the transmission and storage system, which serves as a header system transmission pipeline, and the gathering system, which delivers natural gas from wells and other receipt points to transmission pipelines. The Company provides transmission and storage services in over two manners, such as firm service and interruptible service.