MACQUARIE INFRASTRUCTURE CORPORATION (NYSE:MIC) 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.
On October 30, 2017, the Board of Directors of Macquarie Infrastructure Corporation (the “Company”) appointed Christopher Frost as chief executive officer of the Company, effective January 1, 2018. James Hooke will resign his position as chief executive officer of the Company, effective December 31, 2017.
Mr. Frost, age 48, was appointed president and chief operating officer of the Company effective October 26, 2017. Mr. Frost has been with Macquarie Group Limited (“Macquarie”) for over 20 years and since April2015 has served as both Macquarie Infrastructure and Real Assets’ (“MIRA”) chief commercial officer and its Global Head of Investor Solutions Group. Prior to that, from October, 2010 until April, 2015, Mr. Frost served as MIRA’s Head of Transport and Strategic Projects and led major investments and divestments including complex private sales, public market takeovers, privatizations and con-investments in the infrastructure sector. Mr. Frost has served on the boards of various Macquarie-managed entities including those of several European airports and in July of 2017 was elected the Chairman of the Global Infrastructure Investors Association, a body designed to deliver a program of global advocacy and stakeholder engagement on matters related to infrastructure investing. See the information under the heading “Certain Relationships and Related Party Transactions” in the Company’s definitive proxy statement on Schedule 14A, filed with the Commission on March 24, 2017, and Note 11, “Related Party Transactions,” to the Company’s consolidated financial statements in Part II, Item 8, “Financial Statements and Supplementary Data” of the Company’s Annual Report on Form 10-K, filed with the Commission on February 21, 2017, for a description of contractual arrangements and transactions between the Company and members of the Macquarie Group.
Mr. Frost is being seconded to the Company by its manager, Macquarie Infrastructure Management (USA) Inc. (the “Manager”), a subsidiary of Macquarie, in accordance with the terms of the Company’s management services agreement with the Manager. Mr. Frost will remain employed as an Executive Director of Macquarie and compensated by Macquarie in accordance with the management services agreement.
About MACQUARIE INFRASTRUCTURE CORPORATION (NYSE:MIC)
Macquarie Infrastructure Corporation owns, operates and invests in a diversified group of infrastructure businesses providing basic services to customers in the United States. Its businesses consist of a bulk liquid terminals business, International-Matex Tank Terminals, an airport services business, Atlantic Aviation, a gas processing and distribution business, Hawaii Gas, and entities comprising a Contracted Power and Energy segment. MIC is managed by a wholly-owned subsidiary of the Macquarie Group.
