Western Midstream Partners, LP 8-K, filed Dec 15, 2021
Western Midstream Partners, LP (WES)
8-K
2021-12-15
For: 2021-12-13
View Original
Added on
April 11, 2026
About this 8-K
Western Midstream Partners, LP filed this 8-K on December 15, 2021, reporting on events of December 13, 2021.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): December 13, 2021
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation or organization) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
(Address of principal executive office) (Zip Code)
(346 ) 786-5000
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Departure of Director
On December 13, 2021, Mr. Glenn Vangolen resigned effective on December 17, 2021, from the Board of Directors (the “Board”) of Western Midstream Holdings, LLC (the “General Partner”), the general partner of Western Midstream Partners, LP (“WES”) and a wholly owned subsidiary of Occidental Petroleum Corporation (“Occidental”), in connection with his retirement from Occidental. Mr. Vangolen, who served as Chairman of the Board, did not serve on any Board committees, and his departure was not a result of any disagreement with WES regarding any matter related to its operations, policies, or practices. In connection with Mr. Vangolen’s resignation, the Board elected Mr. Peter J. Bennett as Chairman of the Board on December 14, 2021, effective immediately.
Appointment of Director
Also effective on December 17, 2021, Frederick A. Forthuber is being appointed to the Board. Mr. Forthuber will also be appointed as a member of the Board’s ESG Committee, taking Mr. Bennett’s place on such committee. Mr. Forthuber currently serves as President of Oxy Energy Services, LLC, a subsidiary of Occidental.
Mr. Forthuber was not appointed to the Board pursuant to any arrangement or understanding and does not have any direct or indirect material interest in any transaction or series of similar transactions contemplated by Item 404(a) of Regulation S-K, other than through his employment with Occidental.
Officers or employees of Occidental who also serve as directors of the General Partner do not receive additional compensation for their service as a director of the General Partner. Accordingly, Mr. Forthuber will not receive additional compensation for his service as a director. Mr. Forthuber will have rights to indemnification by WES and the General Partner pursuant to the organizational documents of WES and the General Partner, and an Indemnification Agreement with the General Partner, the form of which has been previously filed by WES.
Departure of Officer
On December 15, 2021, WES announced that Mr. Charles G. Griffie, Senior Vice President, Operations and Engineering of the General Partner, will be leaving the General Partner. Mr. Griffie’s departure was not the result of any disagreement with WES regarding any matter related to its operations, policies, or practices. In connection with his departure, Mr. Griffie will receive payments and benefits consistent with those described under the section titled “Executive Severance Plan” in Part II, Item 5 (Other Information) of WES’s Form 10-Q for the quarterly period ended June 30, 2021. Mr. Griffie has entered into a Release and Separation Agreement (“Release Agreement”) with WES setting out the terms of his departure. The Release Agreement also includes a release of claims, confidentiality and other provisions customary for an agreement of this type.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| WESTERN MIDSTREAM PARTNERS, LP | ||||||||||||||
| By: | Western Midstream Holdings, LLC, its general partner | |||||||||||||
| Dated: | December 15, 2021 | By: | /s/ Christopher B. Dial | |||||||||||
| Christopher B. Dial Senior Vice President, General Counsel, and Secretary | ||||||||||||||