What are the key changes to executive compensation reported in this 8-K?

The company's Compensation Committee approved base salary increases for the CEO, President, Vice Chairman, and Senior Vice Presidents, effective January 1, 2007. Additionally, executive officers will receive a bonus for the 2006 fiscal year paid in restricted stock.

How will the 2006 bonus be paid to executives?

The bonus for the year ended December 31, 2006, will be paid in restricted shares of Cheniere Energy's common stock. These shares will be issued on January 12, 2007, with the number of shares determined by a 25% discount to the closing stock price on the grant date.

What is the vesting schedule for the restricted stock bonuses?

The restricted stock bonuses will vest over a three-year period. One-third of the shares will vest on each anniversary of the grant date, commencing on the first anniversary of the grant date.

Were there any changes to the company's stock incentive plans or forms of grant agreements?

Yes, on January 5, 2007, the Compensation Committee approved the forms of grant agreements for non-qualified stock options and restricted stock under the Cheniere Energy, Inc. Amended and Restated 2003 Stock Incentive Plan. These forms are attached as exhibits to the filing.

LNG 8-K: Leadership Changes

Summary

This Form 8-K filing from Cheniere Energy, Inc. (LNG) on January 11, 2007, primarily details executive compensation adjustments approved by the Compensation Committee on January 5, 2007. The report announces base salary increases for key executives, including the CEO and President, effective January 1, 2007. Additionally, it outlines bonus payments for the 2006 fiscal year, which will be distributed in restricted shares of the company's common stock.

Key Highlights

1Cheniere Energy's Compensation Committee approved base salary increases for executive officers, effective January 1, 2007.
2Charif Souki, Chairman and CEO, received an annual base salary increase to $577,500.
3Stanley C. Horton, President and COO, had his annual base salary increased to $446,250.
4Vice Chairman and Senior Vice Presidents received an increase in annual base salary to $262,500 each.
5Executive officers will receive a bonus for the year ended December 31, 2006, to be paid in restricted stock.
6The restricted stock bonus will be issued on January 12, 2007, at a 25% discount to the closing stock price on that date.
7Vesting for the restricted stock bonus will occur over three years, starting one year from the grant date.

Cheniere Energy, Inc. 8-K Report, Executive Changes (Jan 11, 2007)

Summary

Key Highlights

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