Business Context and Reporting Period
This Form 8-K filing by USA Compression Partners, LP (USAC) reports a corporate governance event dated February 22, 2024. The filing details the appointment of a new director to the Board of Directors of the General Partner, USA Compression GP, LLC.
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 changes and does not contain financial performance data.
Material Changes
- Board Composition: The size of the Board of Directors was set at nine members.
- Director Appointment: Clifford A. Harris was appointed as a director, effective February 26, 2024.
- Compensation: Mr. Harris will receive compensation pursuant to the Outside Director Compensation Policy, including an award of 2,500 phantom units upon appointment.
Guidance, Outlook, and Risks
The filing contains no management commentary regarding future guidance, outlook, risks, contingencies, or unusual items. It strictly addresses the appointment of an outside director and confirms no undisclosed relationships exist between Mr. Harris and the Partnership.
Investor Verification Checklist
- Verify the effective date of Clifford A. Harris's directorship (February 26, 2024).
- Review the "Amended and Restated Outside Director Compensation Policy" referenced in the February 13, 2024 Form 10-K for full details on phantom unit vesting and cash compensation.
- Confirm the total number of board seats is now nine.