UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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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.
EnLink Midstream, LLC (“ENLC”) has announced that Jesse Arenivas, President, Chief Executive Officer, and a member of the Board of Directors of EnLink Midstream Manager, LLC, the managing member (the “Manager”) of ENLC, will be departing from ENLC, including positions held with the Manager, effective as of the closing (the “Closing”) of the acquisition by ONEOK, Inc. (“ONEOK”) of the remaining publicly held common units of ENLC as contemplated by the Agreement and Plan of Merger, dated as of November 24, 2024, among ENLC, the Manager, ONEOK, Elk Merger Sub I, L.L.C., a direct, wholly-owned subsidiary of ONEOK, and Elk Merger Sub II, L.L.C., a direct, wholly-owned subsidiary of ONEOK. The Closing is expected to occur in the first quarter of 2025.
The departure of Mr. Arenivas will constitute a “Qualifying Termination” under the terms of the change in control agreement previously entered into between Mr. Arenivas and a subsidiary of ENLC and under the terms of the outstanding restricted incentive units (including performance-based restricted incentive units) granted to him under ENLC's 2014 Long-Term Incentive Plan. Mr. Arenivas’ departure did not result from any disagreement with the Manager or ENLC.
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.
| ENLINK MIDSTREAM, LLC | ||
| By: EnLink Midstream Manager, LLC, its Managing Member | ||
| Date: January 10, 2025 | By: | /s/ Benjamin D. Lamb |
| Name: | Benjamin D. Lamb | |
| Title: | Executive Vice President and Chief Financial Officer | |