Summary
Kinder Morgan, Inc. (KMI) filed an 8-K on January 16, 2013, primarily to furnish a press release containing its financial results for the quarter ended December 31, 2012, and to announce significant management changes. While specific financial details are not in the 8-K itself but rather in the furnished press release (Exhibit 99.1), the filing signals upcoming leadership transitions that investors should note. The key leadership changes include the resignation of C. Park Shaper as President, effective March 31, 2013, although he will remain on the Board of Directors. Steven J. Kean will succeed Shaper as President and will continue as COO. Additionally, Joseph Listengart will step down as VP, General Counsel, and Secretary, but will remain with the company in a transitional role. These management shifts are effective at the end of the first quarter of 2013.
Key Highlights
- 1Kinder Morgan, Inc. filed an 8-K on January 16, 2013, furnishing a press release with its Q4 2012 financial results.
- 2The filing announces upcoming management changes effective March 31, 2013.
- 3C. Park Shaper will resign as President but will continue as a Board member.
- 4Steven J. Kean will assume the role of President, in addition to his current role as COO.
- 5Joseph Listengart will step down as VP, General Counsel, and Secretary, but will remain with Kinder Morgan in an advisory capacity.
- 6The press release (Exhibit 99.1) contains the detailed financial results, which are not directly included in the 8-K filing itself.