EQT CORPORATION (NYSE:EQT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 7, 2016, the Board of Directors of EQT Corporation (Company) elected Steven T. Schlotterbeck as a director of the Company, effective January 1, 2017. Mr. Schlotterbeck will serve as a member of the Executive Committee and the Public Policy and Corporate Responsibility Committee. The Company also announced the election of Mr. Schlotterbeck as President and Chief Executive Officer, effective March 1, 2017. Consistent with the succession plan announced in the Company’s Form 8-K filed with the U.S. Securities and Exchange Commission on October 27, 2016, Mr. Schlotterbeck will succeed David L. Porges as Chief Executive Officer. Mr. Porges will continue to serve as Executive Chairman until February 28, 2018.
Mr. Schlotterbeck, age 51, has been President, EQT Corporation and President, Exploration and Production since December 2015. He was Executive Vice President and President, Exploration and Production from December 2013 to December 2015; Senior Vice President and President, Exploration and Production from April 2010 to December 2013; and Vice President and President, Production from January 2008 to April 2010.
Disclosures in this Form 8-K contain certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Statements that do not relate strictly to historical or current facts are forward-looking. Without limiting the generality of the foregoing, forward-looking statements contained in this Form 8-K specifically include the expectations of management and board of director transition plans of the Company. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from projected results. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. The Company has based these forward-looking statements on current expectations and assumptions about future events. While the Company considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, and other risks and uncertainties, many of which are difficult to predict and beyond the Company’s control. The risks and uncertainties that may affect the operations, performance and results of the Company’s business and forward-looking statements include, but are not limited to, those set forth under Item 1A, “Risk Factors,” of the Company’s Form 10-K for the year ended December 31, 2015, as updated by any subsequent Form 10-Qs.
Any forward-looking statement speaks only as of the date on which such statement is made and the Company does not intend to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise.
