Summary
Cheniere Energy, Inc. (LNG) reported a change in its Board of Directors on September 29, 2020, stemming from events on September 23 and 24, 2020. David Foley resigned from the Board, and in his place, Sean Klimczak was appointed. This appointment was made in accordance with an Investors' and Registration Rights Agreement dated July 31, 2012, and a right granted to Blackstone CQP Holdco LP. Mr. Klimczak's appointment is effective as of September 28, 2020. He has entered into the Company's standard indemnification agreement. The filing explicitly states there are no reportable related-party transactions between Mr. Klimczak and Cheniere Energy. This update primarily concerns corporate governance and board composition.
Key Highlights
- 1David Foley resigned from Cheniere Energy's Board of Directors.
- 2Sean Klimczak was appointed to the Board of Directors.
- 3Mr. Klimczak's appointment is effective September 28, 2020.
- 4The appointment was made under a right granted to Blackstone CQP Holdco LP, as per an existing Investors' and Registration Rights Agreement.
- 5Mr. Klimczak has signed the Company's standard indemnification agreement.
- 6No reportable related-party transactions exist between Mr. Klimczak and Cheniere Energy.
- 7The event is primarily related to a change in board composition and corporate governance.