Business Context and Reporting Period
This Form 8-K was filed by Kinetik Holdings Inc. on March 12, 2025. The report discloses a corporate governance event involving the departure of a Board member. The company is incorporated in Delaware and its Class A Common Stock trades on the New York Stock Exchange under the symbol KNTK.
Financial Metrics
This filing is a current report regarding a specific corporate event and does not provide financial data such as revenue, profit, cash flow, margins, debt, or liquidity metrics.
Material Changes
The material change reported is the resignation of Jesse Krynak from the Board of Directors, effective immediately as of March 12, 2025. Mr. Krynak also notified the Board that he will not seek reelection at the upcoming 2025 annual meeting of stockholders.
Management Commentary and Risks
- Reason for Departure: The filing explicitly states that Mr. Krynak's departure was not the result of any disagreement with the Company regarding operations, policies, or practices.
- Outlook: No financial guidance or operational outlook is provided in this document.
- Risks: No new risks or contingencies are disclosed beyond the standard implications of a board member resignation.
Key Facts for Investor Verification
- Verify the composition of the Board of Directors following the immediate resignation of Jesse Krynak.
- Confirm whether the Board has initiated a search for a replacement director prior to the 2025 annual meeting.
- Review subsequent filings to ensure no undisclosed disagreements or related party transactions are associated with the departure.