TARGA RESOURCES CORP. (NYSE:TRGP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
On February22, 2017, the board of directors (the Board) of Targa
Resources Corp. (the Company) appointed Robert Muraro, age 40, as
Executive Vice President – Commercial of the Company, effective
February22, 2017. Mr.Muraro previously served as Senior Vice
President Commercial and Business Development of various
subsidiaries of the Company between March 2016 and February 2017.
He also served as Vice President Commercial Development of
various subsidiaries of the Company between January 2013 and
March 2016. He held the position of Director of Business
Development between August 2004 and December 2012.
On February22, 2017, the Board appointed John R. Klein, age 66,
as Senior Vice President and Chief Accounting Officer of the
Company, effective February22, 2017. Mr.Klein previously served
as Senior Vice President Controller of the Company and various
subsidiaries of the Company between December 2015 and February
2017. He also served as Vice President Controller of the Company
and various subsidiaries of the Company between March 2007 and
December 2015.
On February22, 2017, John R. Sparger, age 63, ceased to serve as
Chief Accounting Officer of the Company. Mr.Sparger will serve as
a Senior Vice President of the Company.
The Company entered into an indemnification agreement with
Mr.Muraro on February22, 2017. This indemnification agreement is
attached hereto as Exhibit 10.1 and is incorporated by reference
herein in its entirety. The indemnification agreement requires
the Company to indemnify Mr.Muraro to the fullest extent
permitted under Delaware law against liability that may arise by
reason of his service to the Company, and to advance expenses
incurred as a result of any proceeding against him as to which he
could be indemnified.
| Item9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits. |
| Exhibit Number | Description | |
| 10.1 |
Indemnification Agreement by and between Targa Resources Corp. and Robert Muraro, dated February 22, 2017. |
About TARGA RESOURCES CORP. (NYSE:TRGP)
Targa Resources Corp., through its general and limited partner interests in Targa Resources Partners LP (the Partnership), is a provider of midstream natural gas and natural gas liquid (NGL) services in the United States. The Partnership is engaged in the business of gathering, compressing, treating, processing and selling natural gas and storing, fractionating, treating, transporting, terminaling and selling NGLs, NGL products, and gathering, storing and terminaling crude oil and refined petroleum products. The Partnership operates in two divisions: Gathering and Processing, and Logistics and Marketing. The Gathering and Processing division consists of two segments: Field Gathering and Processing, and Coastal Gathering and Processing. The Logistics and Marketing division consists of two segments: Logistics Assets, and Marketing and Distribution. TARGA RESOURCES CORP. (NYSE:TRGP) Recent Trading Information
TARGA RESOURCES CORP. (NYSE:TRGP) closed its last trading session down -0.47 at 55.91 with 1,850,268 shares trading hands.
