Business Context and Reporting Period
This Form 8-K Current Report was filed by Western Midstream Partners, LP on December 15, 2020. The filing reports corporate governance changes effective immediately on the date of the report.
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 changes and does not contain financial performance data.
Material Changes
The material change reported is the composition of the Board of Directors of Western Midstream Holdings, LLC (the General Partner of the Partnership):
- Appointment: Nicole E. Clark was appointed to the Board. She currently serves as Vice President, Deputy General Counsel, and Corporate Secretary at Occidental Petroleum Corporation.
- Departure: Jennifer M. Kirk was succeeded by Ms. Clark. Ms. Kirk did not serve on any Board committees.
Outlook, Risks, and Management Commentary
Management confirmed that Ms. Kirk's departure was not the result of any disagreement with the Partnership regarding operations, policies, or practices. There are no related person transactions requiring disclosure under Item 404(a) of Regulation S-K, other than Ms. Clark's employment with Occidental, which indirectly owns the General Partner. Ms. Clark is entitled to indemnification pursuant to organizational documents and a previously filed Indemnification Agreement.
Key Facts for Investor Verification
- Verify the effective date of Nicole E. Clark's appointment (December 15, 2020).
- Confirm that Jennifer M. Kirk's departure was amicable and unrelated to operational disagreements.
- Note that Ms. Clark's appointment is linked to her role at Occidental Petroleum Corporation, an indirect owner of the General Partner.
- Understand that this filing contains no financial results or guidance updates.