UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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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. |
At the reconvened 2022 Annual Meeting of Limited Partners of Summit Midstream Partners, LP (“SMLP”) held on June 24, 2022 (the “Annual Meeting”), the limited partners of SMLP who are holders of record of SMLP’s outstanding common units (the “Voting Units”) at the close of business on the record date for the Annual Meeting (the “Unitholders”) approved the Summit Midstream Partners, LP 2022 Long-Term Incentive Plan (the “2022 LTIP”). The 2022 LTIP was previously approved, subject to the approval of the Unitholders, by the Board of Directors of SMLP’s general partner.
A summary of the material terms and provisions of the 2022 LTIP is included in SMLP’s definitive proxy statement for the Annual Meeting filed with the Securities and Exchange Commission on March 31, 2022 (the “Proxy Statement”) under “Proposal No. 2: Approval of the Summit Midstream Partners, LP 2022 Long Term Incentive Plan,” which section is incorporated herein by reference. The preceding summary is qualified in its entirety by reference to the 2022 LTIP, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
| Item 5.07 | Submission of Matters to a Vote of Security Holders. |
On June 24, 2022, SMLP reconvened the Annual Meeting, which was convened and adjourned on May 26, 2022. At the reconvened Annual Meeting, the matter voted upon and the number of votes cast for or against, as well as the number of abstentions and broker non-votes as to such matter, were as stated below. The proposal related to such matter is described in detail in the Proxy Statement.
Proposal 2—Approval of the Summit Midstream Partners, LP 2022 Long-Term Incentive Plan
The 2022 LTIP was approved by the affirmative vote of a majority of the Voting Units entitled to vote at the Annual Meeting:
| For |
Against |
Abstentions |
Broker Non-Votes | |||
| 5,273,116 | 1,519,538 | 27,074 | 1,383,041 |
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit Number | Description | |
| 10.1 | Summit Midstream Partners, LP 2022 Long-Term Incentive Plan (incorporated herein by reference to Appendix B to SMLP’s definitive proxy statement on Schedule 14A filed March 31, 2022 (Commission File No. 001-35666)). | |
| 104 | Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document. | |
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.
| Summit Midstream Partners, LP | ||||||
| (Registrant) | ||||||
| By: | Summit Midstream GP, LLC (its general partner) | |||||
| Dated: June 24, 2022 | /s/ William J. Mault | |||||
| William J. Mault, Executive Vice President and Chief Financial Officer | ||||||