Business Context and Reporting Period
This Form 8-K Current Report was filed by Exterran Holdings, Inc. (not Archrock, Inc.) on September 8, 2011. The filing reports a corporate governance event regarding the Board of Directors.
Key Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The document is limited to reporting a personnel change.
Material Changes
Departure of Director: On September 8, 2011, Janet F. Clark resigned from the Board of Directors and as Chair of the Audit Committee.
- Reason: Ms. Clark was appointed to the board of directors of Dell Inc.
- Constraint: Her employer, Marathon Oil Company, requires her to serve on the board of only one other public company.
- Nature of Departure: The resignation was not due to any disagreement with Exterran Holdings, Inc. regarding operations, policies, or practices.
Guidance, Outlook, and Risks
The filing contains no management guidance, financial outlook, risk factors, contingencies, or discussion of unusual items. It strictly addresses the resignation of a director.
Investor Verification Checklist
- Verify the current composition of the Exterran Holdings, Inc. Board of Directors following Ms. Clark's departure.
- Confirm the appointment of a new Chair for the Audit Committee.
- Note that this filing pertains to Exterran Holdings, Inc., not Archrock, Inc.