USA Compression Partners LP filed SEC Form 8-K: Leadership Update
$USAC
Natural Gas Distribution
Utilities
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): July 2, 2025
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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 July 2, 2025, the Compensation Committee (the “Compensation Committee”) of the board of directors of USA Compression GP, LLC (the “Company”), the general partner of USA Compression Partners, LP (the “Partnership”), approved a compensation package for Christopher W. Porter, the Company’s Vice President, General Counsel and Secretary.
Pursuant to this compensation package, Mr. Porter will receive an annual base salary of $435,000. Mr. Porter will also continue his participation in the Partnership’s Second Amended and Restated Annual Cash Incentive Plan, under which awards are determined annually, with reference to a target bonus amount of 105% of his annual base earnings, less applicable withholdings. This bonus is subject to Mr. Porter’s continued employment and will be paid on the same date that incentive cash bonuses are paid to the Company’s other executives. Mr. Porter will also continue his participation in the Partnership’s long-term equity incentive plan and the Partnership’s Long-Term Cash Restricted Unit Plan, with an initial target value of 250% of his annual base salary. Mr. Porter intends to relocate to the Partnership’s headquarters in Dallas, Texas by June 2026. Additionally, the Company and Mr. Porter agreed to (i) amend the Employment Agreement, effective January 1, 2017, between Mr. Porter and a subsidiary of the Company (the “Employment Agreement”) to remove the right of Mr. Porter to terminate the Employment Agreement due to a relocation of his principal place of employment; and (ii) not renew the Employment Agreement at the end of its current term, which for clarity does not result in Mr. Porter's termination of employment.
SIGNATURE
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.
| USA COMPRESSION PARTNERS, LP | |||||||||||
| By: | USA Compression GP, LLC, | ||||||||||
| its General Partner | |||||||||||
| Date: | July 3, 2025 | By: | /s/ Christopher W. Porter | ||||||||
| Christopher W. Porter | |||||||||||
| Vice President, General Counsel and Secretary | |||||||||||