Kinder Morgan, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Kinder Morgan, Inc. on April 20, 2011. The filing primarily serves to announce the company's financial results for the quarter ended March 31, 2011, and to report changes in the composition of the Board of Directors.
Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are contained within the press release furnished as Exhibit 99.1, which is referenced but not included in the body of this report.
Material Changes
The filing reports the following material changes regarding corporate governance:
- Board Elections: On April 19, 2011, the Board elected Joel V. Staff (formerly Chairman and CEO of Reliant Energy, Inc.) and Deborah A. Macdonald (formerly president of the Natural Gas Pipelines Group at Kinder Morgan, Inc.).
- Board Size: Following these elections, the Board of Directors consists of thirteen members.
- Committee Appointments: Ms. Macdonald was appointed to the Audit and Compensation Committees. Mr. Staff was appointed to the Audit, Compensation, and Nominating and Governance Committees.
Guidance, Outlook, and Risks
The filing does not contain specific guidance, outlook, or risk commentary. It notes that a webcast conference call was held on April 20, 2011, to discuss the quarterly results. The filing states that the financial information is not deemed "filed" for purposes of Section 18 of the Exchange Act and is not incorporated by reference into other filings.
Key Facts for Investor Verification
- Verify the specific Q1 2011 financial results (revenue, earnings, cash flow) in the press release attached as Exhibit 99.1.
- Confirm the new Board composition and committee assignments for Joel V. Staff and Deborah A. Macdonald.
- Review the standard compensatory arrangement for non-employee directors as described in the 2010 Form 10-K.