8-KLeadership ChangesExhibits & Filings

Targa Resources Corp. 8-K Report, Executive Changes (Jul 17, 2026)

Filed July 17, 2026For Securities:TRGP

Summary

Targa Resources Corp. announced a strategic addition to its Board of Directors with the appointment of Thomas Mathiasmeier, effective July 16, 2026. Mr. Mathiasmeier brings extensive experience from his recent role as President, Global Gas, Power & Emerging Markets at ConocoPhillips, coupled with a career spanning leadership positions in natural gas marketing, trading, LNG, power, midstream operations, and international commercial activities. His appointment to the Board as a Class II Director, with a term expiring at the 2027 annual meeting, and his subsequent placement on the Audit Committee, is expected to enhance the Company's expertise in critical areas such as business operations, risk management, and strategic planning. Investors should note that Mr. Mathiasmeier's appointment is a non-employee director role, and his compensation will align with the Company's established policies for non-employee directors. This includes a pro-rated restricted stock award of 477 shares, subject to the terms of the Company's 2010 Stock Incentive Plan. Furthermore, Targa Resources has entered into an indemnification agreement with Mr. Mathiasmeier, ensuring he is protected to the fullest extent permitted by Delaware law against liabilities arising from his service. The filing does not indicate any related-party transactions or arrangements requiring specific disclosure beyond standard compensation and indemnification terms.

Key Highlights

  • 1Targa Resources appointed Thomas Mathiasmeier to its Board of Directors as a Class II Director, with his term extending through the 2027 annual meeting.
  • 2Mr. Mathiasmeier joins the Board's Audit Committee, bringing significant industry experience.
  • 3His background includes a recent leadership role at ConocoPhillips (President, Global Gas, Power & Emerging Markets) and extensive experience in natural gas, LNG, power, and midstream operations.
  • 4The appointment is intended to bolster the Board's expertise in business operations, risk management, and strategic planning.
  • 5Mr. Mathiasmeier will be compensated as a non-employee director, including a pro-rated restricted stock award of 477 shares.
  • 6The Company has entered into an indemnification agreement with Mr. Mathiasmeier for his protection.
  • 7No related-party transactions or arrangements requiring specific disclosure under Item 404(a) of Regulation S-K were identified.

Frequently Asked Questions

Thomas Mathiasmeier's appointment is significant as he brings a wealth of experience from his senior leadership role at ConocoPhillips and a broad background in the energy sector, particularly in natural gas, LNG, and midstream operations. His addition is expected to strengthen the Board's capabilities in business operations, risk management, and strategic planning.

As a non-employee director, Mr. Mathiasmeier will receive compensation in line with Targa Resources' standard policies for its non-employee directors. This includes a pro-rated restricted stock award of 477 shares, to be granted under the Company's Amended and Restated Targa Resources Corp. 2010 Stock Incentive Plan.

The filing explicitly states that there are no understandings or arrangements between Mr. Mathiasmeier and any other person related to his selection that would require disclosure. Furthermore, there are no disclosed relationships between Mr. Mathiasmeier and the Company or its subsidiaries that would necessitate disclosure under Item 404(a) of Regulation S-K.

The Audit Committee plays a crucial role in overseeing the integrity of Targa Resources' financial reporting, internal controls, and the independent audit process. Mr. Mathiasmeier's appointment to this committee, given his extensive financial and operational background, suggests an emphasis on robust oversight in these critical areas.