ATLAS GROWTH PARTNERS, L.P. (OTCMKTS:ATLS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
Summary Compensation Table
On May15, 2017, the bonus awards for each of the named executive
officers (NEOs) of Atlas Growth Partners, L.P. (the Company) for
performance during the fiscal year ended December31, 2016 were
finalized. to Item 5.02(f), the bonus awards for the NEOs for the
fiscal year ended December31, 2016 are set forth below together
with the other compensation previously reported.
SUMMARY COMPENSATION TABLE
|
Name |
Year | Salary ($) | Bonus ($) | Stockawards ($)(1) | Optionawards ($)(2) |
Non-equity incentiveplan compensation ($) |
All other compensation ($) | Total ($) | ||||||||||||||||||||||||
|
Edward E. Cohen |
140,000 | 334,000 | 94,000 | 30,177 | (3) | 598,177 | ||||||||||||||||||||||||||
| 95,000 | 1,607,500 | 60,000 | 422,687 | 2,185,187 | ||||||||||||||||||||||||||||
|
Jeffrey M. Slotterback |
56,038 | 82,000 | 167,000 | 43,500 | 348,538 | |||||||||||||||||||||||||||
| 41,077 | 225,050 | 60,000 | 20,634 | 1,466,347 | ||||||||||||||||||||||||||||
|
Daniel C. Herz |
100,000 | 334,000 | 74,000 | 1,920 | (4) | 509,920 | ||||||||||||||||||||||||||
| 65,000 | 1,607,500 | 200,000 | 124,633 | 1,997,133 | ||||||||||||||||||||||||||||
|
Jonathan Z. Cohen |
100,000 | 334,000 | 74,000 | 64,248 | (5) | 572,248 | ||||||||||||||||||||||||||
| 83,462 | 1,607,500 | 50,000 | 421,238 | 2,162,199 | ||||||||||||||||||||||||||||
|
Mark D. Schumacher |
75,000 | 167,000 | 53,500 | 1,920 | (6) | 297,420 | ||||||||||||||||||||||||||
| 75,000 | 1,125,250 | 100,000 | 6,892 | 1,307,142 |
| (1) |
For fiscal year 2016, the amounts reflect the grant date fair value of the phantom units under the Atlas Energy Group Plan. The grant date fair value was determined in accordance with FASB ASC Topic 718 and is based on the market value on the grant date of Atlas Energy Group units. For fiscal year 2015, the amounts reflect the grant date fair value of the phantom units under the Atlas Energy Group Plan. The grant date fair value was determined in accordance with FASB ASC Topic 718 and is based on the market value on the grant date of Atlas Energy Group units. |
| (2) |
The amounts in this column reflect the grant date fair value of options awarded under the Atlas Energy Group Plan calculated in accordance with FASB ASC Topic 718. |
| (3) |
Includes our allocated portion of the matching contribution of $148,077 under the Atlas Energy Deferred Compensation Plan and our allocated portion of tax, title and insurance premiums for Mr.E. Cohens automobile. |
| (4) | Represents our allocated portion of an automobile allowance. |
| (5) |
Comprised of (i)our allocated portion of the matching contribution of $133,846 under the Atlas Energy Deferred Compensation Plan, and (ii)our allocated portion of $187,393 paid under the agreement relating to Lightfoot. |
| (6) | Represents our allocated portion of an automobile allowance. |
About ATLAS GROWTH PARTNERS, L.P. (OTCMKTS:ATLS)
Atlas Energy Group, LLC is an energy management company, which acquires and develops upstream and midstream oil and gas assets. The Company has ownership interests in the general partner Class A units, and over 23.3% limited partner interest in Atlas Resource Partners, L.P. (ARP), which is an independent developer and producer of natural gas, crude oil and natural gas liquids; over 80% general partner interest and approximately 2.1% limited partner interest in Atlas Growth Partners, L.P. (AGP), which conducts natural gas and oil operations in the mid-continent region of the United States, and owns approximately 15.9% general partner interest and over 12% limited partner interest in Lightfoot Capital Partners, L.P. and Lightfoot Capital Partners GP, LLC, its general partner, which incubates new master limited partnerships (MLPs) and invests in existing MLPs. Its segments include ARP, AGP, and Corporate and other. The Company focuses on the development and growth of energy enterprises. ATLAS GROWTH PARTNERS, L.P. (OTCMKTS:ATLS) Recent Trading Information
ATLAS GROWTH PARTNERS, L.P. (OTCMKTS:ATLS) closed its last trading session down -0.005 at 0.200 with shares trading hands.