Antero Midstream Corporation filed SEC Form 8-K: Leadership Update, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On April 17, 2024, the board of directors (the “Board”) of Antero Midstream Corporation (the “Company”) approved, subject to stockholder approval, the Amended and Restated Antero Midstream Corporation Long Term Incentive Plan (the “Amended AM LTIP”), to increase the number of shares of the Company’s common stock available for issuance under the Amended AM LTIP by 13,337,000 shares, extend the term of the Amended AM LTIP until June 5, 2034, adopt more conservative share recycling provisions with respect to options and stock appreciation rights, improve the clarity and precision of the director compensation limits, eliminate the ability to grant options and stock appreciation rights with an exercise price below the fair market value of Company common stock on the date of grant in the normal course, and make other minor clarifying changes. The additional shares of the Company’s common stock authorized to be delivered under the Amended AM LTIP will be registered pursuant to a registration statement on Form S-8.
As further described below under Item 5.07 of this Current Report on Form 8-K, on June 5, 2024, at the Company’s 2024 annual meeting of stockholders (the “Annual Meeting”), the stockholders approved the Amended AM LTIP, and it became effective as of June 5, 2024.
The summary of the Amended AM LTIP in this Current Report on Form 8-K does not purport to be a complete description of all provisions of the Amended AM LTIP and is qualified in its entirety by reference to the full text of the Amended AM LTIP, which is filed herewith as Exhibit 10.1 and incorporated into this Item 5.02 by reference.
| Item 5.07 | Submission of Matters to a Vote of Security Holders. |
At the Annual Meeting, the Company’s stockholders were requested to (i) elect three Class II members of the Board to serve until the Company’s 2027 annual meeting of stockholders; (ii) ratify the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2024; (iii) approve, on an advisory basis, the compensation of the Company’s named executive officers; and (iv) approve the Amended AM LTIP. Each of these items is more fully described in the Company’s definitive proxy statement, which was filed with the Securities and Exchange Commission on April 25, 2024.
The results of the matters voted upon at the Annual Meeting are as follows:
Proposal No. 1 – Election of Class II Directors: Votes regarding the persons elected as Class II directors were as follows:
| Nominee | For | Withheld | Broker Non-Votes | |||
| Michael N. Kennedy | 366,368,586 | 30,442,102 | 43,238,163 | |||
| Brooks J. Klimley | 313,892,164 | 82,918,524 | 43,238,163 | |||
| John C. Mollenkopf | 380,536,824 | 16,273,864 | 43,238,163 |
Proposal No. 2 — Ratification of the Appointment of KPMG LLP: The ratification of the appointment of KPMG LLP was approved as follows:
| For | Against | Abstain | ||
| 437,801,468 | 1,706,250 | 541,133 |
Proposal No. 3 — Approval, on an Advisory Basis, of the Compensation of the Company’s Named Executive Officers: The voting results were as follows:
| For | Against | Abstain | Broker Non-Votes | |||
| 305,267,478 | 90,557,832 | 985,378 | 43,238,163 |
Proposal No. 4 — Approval of the Amended AM LTIP: The voting results were as follows:
| For | Against | Abstain | Broker Non-Votes | |||
| 386,214,851 | 9,699,920 | 895,917 | 43,238,163 |
| 2 |
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. |
Description | |
| 10.1 | Amended and Restated Antero Midstream Corporation Long Term Incentive Plan, dated June 5, 2024. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
| 3 |
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.
| ANTERO MIDSTREAM CORPORATION | ||
| By: | /s/ Brendan E. Krueger | |
| Brendan E. Krueger | ||
| Chief Financial Officer, Vice President –Finance and Treasurer | ||
| Dated: June 6, 2024 | ||