01—Abstract
Summary
Summary of the 8-K filed April 2, 2025. Cited figures are marked; the original filing is the authoritative source.
Cheniere Energy Partners, L.P.
(CQP) reported in this Current Report on Form 8-K that Scott Peak was appointed to the Board of Directors of Cheniere Energy Partners GP, LLC, the general partner of the Partnership, effective April 1, 2025. The appointment was made pursuant to the rights of CQP Holdco LP (formerly Blackstone CQP Holdco LP) under the Third Amended and Restated Limited Liability Company Agreement of the General Partner to appoint certain directors. Mr. Peak was also appointed to the Executive Committee of the Board and is expected to be appointed to the CMI SPA Committee.
In connection with his appointment, Matthew Runkle resigned from the Board, the Executive Committee and the CMI SPA Committee, effective April 1, 2025. The filing states that Mr. Peak is a party to the General Partner's standard form of Indemnification Agreement, as described in the Partnership's Form 10-K for the year ended December 31, 2024, filed February 20, 2025, and that he is not a party to any transactions reportable under Item 404(a) of Regulation S-K.
02—Key points
Key Highlights
- Scott Peak was appointed to the Board of Cheniere Energy Partners GP, LLC, effective April 1, 2025.
- Peak's appointment was made under CQP Holdco LP's (formerly Blackstone CQP Holdco LP) rights under the Amended LLC Agreement to appoint certain directors.
- Peak was also appointed to the Executive Committee and is expected to join the CMI SPA Committee of the Board.
- Matthew Runkle resigned from the Board, the Executive Committee and the CMI SPA Committee, effective April 1, 2025.
- Peak is a party to the General Partner's standard form of Indemnification Agreement.
- The filing states Peak is not party to any related-person transactions reportable under Item 404(a) of Regulation S-K.
03—Questions
Frequently Asked Questions
Who was appointed to the board, and when did it take effect?
Scott Peak was appointed to the Board of Directors of Cheniere Energy Partners GP, LLC, the general partner of the Partnership, effective as of April 1, 2025.
Who has the right to appoint directors to the board?
The filing states Mr. Peak's appointment was made pursuant to the rights of CQP Holdco LP (formerly Blackstone CQP Holdco LP) under the Third Amended and Restated Limited Liability Company Agreement of the General Partner to appoint certain directors.
Did any director leave the board in connection with this appointment?
Yes. The filing states that, pursuant to the terms of the Amended LLC Agreement, Matthew Runkle resigned as a member of the Board, the Executive Committee and the CMI SPA Committee, effective April 1, 2025.
What committee roles did Mr. Peak take on?
Mr. Peak was appointed to the Executive Committee of the Board and is expected to be appointed to the CMI SPA Committee of the Board.
Does Mr. Peak have any reportable related-person transactions or indemnification arrangements?
The filing states Mr. Peak is not a party to any transactions reportable under Item 404(a) of Regulation S-K. He is a party to the General Partner's standard form of Indemnification Agreement, as described in the Partnership's Form 10-K for the year ended December 31, 2024, filed February 20, 2025.
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