Cheniere Energy Partners LP Holdings, LLC (NYSEMKT:CQH) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
Cheniere Energy Partners LP Holdings, LLC (NYSEMKT:CQH) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 15, 2017, Don A. Turkleson resigned as a member of the Board of Directors (the “Board”) of Cheniere Energy Partners LP Holdings, LLC (the “Company”), effective February 27, 2017.
In addition, on February 15, 2017, Cheniere Energy, Inc., the holder of the sole share entitled to vote in the election of directors of the Company, appointed Jim D. Deidiker as a member of the Board, effective February 27, 2017. Mr. Deidiker was also appointed as the Chairman of the Audit Committee of the Board.
Mr. Deidiker served as Senior Vice President and Chief Accounting Officer of Calpine Corporation from January 2009 until August 2015, where he had management responsibility for all of the accounting, financial and public reporting, and commercial accounting functions for one of the largest independent power generation companies in the United States. Mr. Deidiker served as Vice President and Controller of Texas Genco, LLC from March 2005 to April 2006, where he was responsible for financial and public reporting as well as management of the accounting function. From November 1998 to March 2005, Mr. Deidiker served as Managing Director and Vice President, Administration of AEP Energy Services, Inc. where he was responsible for management of the accounting function, financial reporting, contract administration and risk management for the gas pipeline and trading segment of AEP Energy Services, Inc. Mr. Deidiker is a Certified Public Accountant and Certified Management Accountant and has over 30 years of experience in accounting and financial reporting within the energy and power generation industries. Mr. Deidiker obtained his M.B.A. from the University of Houston and his B.S. in Accounting from Missouri State University.
Upon his appointment to the Board, Mr. Deidiker will become entitled to compensation payable to independent directors elected to the Board. Independent directors of the Company receive an annual fee of $200,000 for their service to the Company.
About Cheniere Energy Partners LP Holdings, LLC (NYSEMKT:CQH)
Cheniere Energy Partners LP Holdings, LLC is a limited liability company. The Company’s business consists of owning and holding Cheniere Partners’ limited partner common units, Class B units and subordinated units. The Company owns over 11,963,490 common units, which are entitled to quarterly cash distributions from Cheniere Partners, approximately 135,383,830 subordinated units and 45,333,330 Class B units. Cheniere Partners owns and operates liquefied natural gas (LNG) regasification facilities at the Sabine Pass LNG terminal through its subsidiary, Sabine Pass LNG, L.P. Through its subsidiary Cheniere Creole Trail Pipeline, L.P., Cheniere Partners also owns the 94-mile Creole Trail Pipeline, which interconnects the Sabine Pass LNG terminal with a number of interstate pipelines. In addition, the Company owns a non-economic voting interest in GP Holdco, the general partner of Cheniere Partners. Cheniere Energy Partners LP Holdings, LLC (NYSEMKT:CQH) Recent Trading Information
Cheniere Energy Partners LP Holdings, LLC (NYSEMKT:CQH) closed its last trading session up +0.25 at 24.18 with 179,575 shares trading hands.
Cheniere Energy Partners LP Holdings, LLC is a limited liability company. The Company’s business consists of owning and holding Cheniere Partners’ limited partner common units, Class B units and subordinated units. The Company owns over 11,963,490 common units, which are entitled to quarterly cash distributions from Cheniere Partners, approximately 135,383,830 subordinated units and 45,333,330 Class B units. Cheniere Partners owns and operates liquefied natural gas (LNG) regasification facilities at the Sabine Pass LNG terminal through its subsidiary, Sabine Pass LNG, L.P. Through its subsidiary Cheniere Creole Trail Pipeline, L.P., Cheniere Partners also owns the 94-mile Creole Trail Pipeline, which interconnects the Sabine Pass LNG terminal with a number of interstate pipelines. In addition, the Company owns a non-economic voting interest in GP Holdco, the general partner of Cheniere Partners. Cheniere Energy Partners LP Holdings, LLC (NYSEMKT:CQH) Recent Trading Information
Cheniere Energy Partners LP Holdings, LLC (NYSEMKT:CQH) closed its last trading session up +0.25 at 24.18 with 179,575 shares trading hands.