8-KLeadership ChangesRegulation FDExhibits & Filings

EQT Corp 8-K Report, Executive Changes (Jan 10, 2012)

Filed January 10, 2012For Securities:EQT

Summary

This Form 8-K filing by EQT Corporation reports on significant changes to its Board of Directors. Effective January 5, 2012, Murry S. Gerber resigned from his position as a director, a departure stated to be unrelated to any disagreements with the company. His resignation paved the way for the election of two new independent directors, Kenneth M. Burke and Margaret K. Dorman, by the Board on January 6, 2012. These new directors bring substantial experience to EQT's board, particularly in finance and governance, with Mr. Burke having a background as a Partner at Ernst & Young LLP and experience on other public company boards, including audit committee leadership. Ms. Dorman's prior role as EVP, CFO, and Treasurer of Smith International, Inc. further strengthens the financial oversight capabilities of the board. Both will serve on the Audit Committee and receive standard compensation for non-employee directors.

Key Highlights

  • 1Murry S. Gerber resigned as a director of EQT Corporation, effective January 5, 2012.
  • 2Mr. Gerber's resignation was not due to any disagreements with the Company.
  • 3EQT Corporation elected two new independent directors: Kenneth M. Burke and Margaret K. Dorman, effective January 6, 2012.
  • 4Both new directors will serve until the 2012 Annual Meeting of Shareholders.
  • 5Kenneth M. Burke brings extensive experience from Ernst & Young LLP and prior board roles, including audit committee chair.
  • 6Margaret K. Dorman's background includes serving as Executive Vice President, CFO, and Treasurer of Smith International, Inc.
  • 7Both new directors have been appointed as members of the Company's Audit Committee.

Frequently Asked Questions

Murry S. Gerber resigned as a director effective January 5, 2012. The filing states that his decision was not the result of any disagreement with the Company on any matter relating to its operations, policies, or practices. He has joined the Board of Directors of Halliburton Company.

EQT Corporation elected Kenneth M. Burke and Margaret K. Dorman as new independent directors to its Board on January 6, 2012. They will serve until the 2012 Annual Meeting of Shareholders.

Kenneth M. Burke has a strong background from his career as a Partner at Ernst & Young LLP and has served on the boards of Trico Marine Services, Inc. and Pride International, Inc., often in audit or governance roles. Margaret K. Dorman most recently served as Executive Vice President, Chief Financial Officer and Treasurer of Smith International, Inc. and has prior board experience, including chairing an audit committee.

Both Kenneth M. Burke and Margaret K. Dorman have been appointed to serve as members of the Audit Committee of EQT Corporation's Board of Directors.