SEMGROUP CORPORATION (NYSE:SEMG) 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.
SemGroup Corporation (the Company), upon the recommendation of
the Nominating and Corporate Governance Committee of the Board,
elected William J. McAdam to serve as a director of the Board, to
fill a vacant position created by the retirement of John F.
Chlebowski on December 31, 2016, for a term expiring at the next
Annual Meeting of Stockholders and until his successor is duly
elected or chosen and qualifies, unless he sooner dies, resigns
or is removed. Upon further recommendation of the Nominating and
Corporate Governance Committee, Mr. McAdam has been appointed to
the Nominating and Corporate Governance Committee of the Board.
receive the same compensation provided to all non-employee
members of the Board. The compensation of non-employee directors
of the Company is described in the Compensation Plan adopted by
the Board, a copy of which is filed as Exhibit 10.1 to the
Companys quarterly report on Form 10-Q filed with the U.S.
Securities and Exchange Commission on August 5, 2016 (the Board
Compensation Plan). Accordingly, he will participate in the Board
Compensation Plan, as may be amended from time to time. In
connection with his appointment, he received an initial award of
669 shares of restricted stock of the Company under the Companys
Equity Incentive Plan, as amended and restated.
the election of Mr. McAdam as a director of the Company. A copy
of the press release is being furnished and is attached as
Exhibit 99 hereto and is incorporated into this Item 7.01 by
reference. In accordance with General Instruction B.2 of Form 8-K
of the Securities Exchange Act of 1934, as amended (the Exchange
Act), the press release shall not be deemed to be filed for
purposes of Section 18 of the Exchange Act, or otherwise subject
to the liabilities of that section, nor shall such information
and such exhibit be deemed incorporated by reference into any
filing under the Securities Act of 1933, as amended, or the
Exchange Act, except as shall be expressly set forth by specific
reference in such filing.
Press release of the Company dated March 20, 2017.
About SEMGROUP CORPORATION (NYSE:SEMG)
SemGroup Corporation is a provider of gathering, transportation, storage, distribution, marketing and other midstream services. The Company’s segments include Crude Transportation, which operates crude oil pipelines and truck transportation businesses in the United States; Crude Facilities, which operates crude oil storage and terminal businesses in the United States; Crude Supply and Logistics, which operates a crude oil marketing business; SemLogistics, which owns an independent petroleum products storage facility in the United Kingdom; SemCAMS, which owns and operates over four natural gas processing and gathering facilities in Alberta, Canada; SemMexico, which provides a range of liquid asphalt cement products and product application services to the Mexican market; SemGas, which provides natural gas gathering and processing services, and SemStream, which owns interest in NGL Energy Partners LP and NGL Energy Holdings LLC. SEMGROUP CORPORATION (NYSE:SEMG) Recent Trading Information
SEMGROUP CORPORATION (NYSE:SEMG) closed its last trading session up +0.35 at 33.60 with 448,381 shares trading hands.