Antero Midstream Corp current report, 05 April 2019

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Antero Midstream Corp Form 8-K Summary

Business Context and Reporting Period

This Current Report on Form 8-K was filed by Antero Midstream Corporation on April 5, 2019. The report discloses corporate governance changes, specifically the appointment of a new director to the Board of Directors and the execution of related legal agreements.

Key Financial Metrics

The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and does not contain financial performance data.

Material Changes

  • Board Appointment: David H. Keyte was appointed as a Class III director, effective April 5, 2019.
  • Committee Assignments: Mr. Keyte was appointed to the Conflicts Committee, Nominating & Governance Committee, and Compensation Committee. He will serve as Chairman of the Compensation Committee.
  • Independence: The Board determined Mr. Keyte meets New York Stock Exchange independence requirements.
  • Legal Agreement: The Company entered into an Indemnification Agreement with Mr. Keyte to indemnify him against liabilities arising from his service to the Company.

Compensation and Outlook

Mr. Keyte will receive standard non-employee director compensation structured as follows:

  • Board Membership: $70,000 per year.
  • Nominating & Governance Committee: $5,000 per year.
  • Conflicts Committee: $5,000 per year.
  • Compensation Committee Chair: $15,000 per year.

The filing does not provide guidance, outlook, management commentary on operations, risks, contingencies, or unusual items beyond the standard indemnification provisions.

Investor Verification Checklist

  • Verify the full text of the Indemnification Agreement filed as Exhibit 10.1.
  • Review the press release dated April 8, 2019 (Exhibit 99.1) for additional context on the appointment.
  • Confirm Mr. Keyte's background and qualifications via the Company's proxy statement or subsequent filings.
  • Note that this filing contains no financial data; refer to the most recent 10-Q or 10-K for financial metrics.