Business Context and Reporting Period
This Form 8-K Current Report was filed by Cheniere Energy, Inc. on January 24, 2012. The filing discloses actions taken by the Compensation Committee of the Board of Directors regarding executive compensation adjustments effective January 16, 2012, and bonus awards for the fiscal year ended December 31, 2011.
Key Financial Metrics
The filing does not provide company-wide financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The only financial data presented relates to executive compensation:
| Executive Officer | 2012 Annual Base Salary | 2011 Cash Bonus Award |
|---|---|---|
| Charif Souki (Chairman, CEO, President) | $771,580 | $2,326,900 |
| Meg A. Gentle (SVP, CFO) | $292,370 | $775,600 |
| Jean Abiteboul (SVP - International) | $311,387 | $581,700 |
| R. Keith Teague (SVP - Asset Group) | $292,370 | $581,700 |
| H. Davis Thames (SVP - Marketing) | $292,370 | $775,600 |
Note: Mr. Abiteboul's base salary is originally denominated in EUR (245,560 EUR) and converted to USD using the January 16, 2012 exchange rate of 1 USD to 0.7886 EUR.
Material Changes
The Compensation Committee approved a 2.5% base salary increase for all executive officers, effective January 16, 2012. Additionally, cash bonuses were approved for the 2011 fiscal year under the 2011-2013 Bonus Plan.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, management commentary on operations, risks, contingencies, or unusual items. The document is strictly limited to the disclosure of executive compensation adjustments.
Key Facts for Investor Verification
- Verify the 2.5% base salary increase for executive officers effective January 16, 2012.
- Confirm the total cash bonus awards paid to named executive officers for the 2011 fiscal year.
- Note that Jean Abiteboul's compensation is subject to currency exchange rate fluctuations between EUR and USD.
- Understand that this filing does not contain operational or financial performance data for the company.