Business Context and Reporting Period
This Form 8-K Current Report was filed by Exterran Holdings, Inc. (noting the metadata reference to Archrock, Inc. likely reflects a subsequent name change or data mapping error, as the filing explicitly names Exterran) on May 28, 2009. The report details corporate governance changes, specifically the expansion of the Board of Directors and the appointment of a new director.
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 personnel and governance matters rather than financial performance.
Material Changes
- Board Expansion: The Board of Directors increased its size from 10 to 11 members.
- New Appointment: Mark A. McCollum, age 50, was appointed as a director. He was previously the Executive Vice President and Chief Financial Officer of Halliburton Company.
- Independence: The Board determined Mr. McCollum is independent under applicable laws and NYSE rules.
Guidance, Outlook, and Management Commentary
The filing contains no financial guidance, outlook, or management commentary regarding future business performance. It does not disclose specific risks, contingencies, or unusual items related to operations.
Compensatory Arrangements: In connection with his appointment, Mr. McCollum was granted 8,119 shares of restricted stock under the 2007 Stock Incentive Plan. The stock vests one-third per year over a three-year period. He will receive standard non-employee director compensation and is eligible for the Directors' Stock and Deferral Plan.
Investor Verification Checklist
- Verify the current corporate name and ticker symbol, as the filing lists "Exterran Holdings, Inc." while metadata references "Archrock, Inc."
- Confirm the vesting schedule and fair value of the 8,119 restricted stock shares granted to the new director.
- Review the full text of the referenced press release (Exhibit 99.1) for any additional context on the board expansion.
- Check subsequent filings for any financial impact related to the new director's compensation.