Summary
This 8-K filing from MPLX LP reports a change in its Board of Directors. David A. Daberko retired from the Board on April 25, 2018, in accordance with the company's mandatory retirement policy. His retirement coincided with his departure from the board of Marathon Petroleum Corporation, MPLX's general partner's parent company. Following Mr. Daberko's retirement, J. Michael Stice was appointed to the Board by MPC Investment LLC, the sole member of MPLX GP LLC. Mr. Stice's compensation as a non-employee director will align with the existing compensation structure for other non-employee directors, details of which were previously disclosed in MPLX's 2017 Form 10-K.
Key Highlights
- 1David A. Daberko retired from the MPLX Board of Directors on April 25, 2018.
- 2Mr. Daberko's retirement was due to the company's mandatory retirement policy.
- 3J. Michael Stice has been appointed as a new member of the MPLX Board of Directors.
- 4Mr. Stice's appointment was made by MPC Investment LLC, the sole member of the General Partner.
- 5Mr. Stice also serves on the board of directors of Marathon Petroleum Corporation.
- 6Mr. Stice will be compensated as a non-employee director according to the established policy.
- 7Details on non-employee director compensation were previously filed in MPLX's 2017 10-K.