Business Context and Reporting Period
This Form 8-K is a current report filed by Cheniere Energy Partners, L.P. on August 15, 2008. The filing addresses corporate governance changes effective as of the report date.
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.
Material Changes
The primary material change reported is the election of James Bennett as a member of the board of directors of Cheniere Energy Partners GP, LLC (the General Partner), effective August 15, 2008.
Guidance, Outlook, and Management Commentary
Mr. Bennett was elected pursuant to an Investors' Agreement dated August 15, 2008, among Cheniere Energy, Inc., Cheniere Common Units Holding, LLC, GSO Capital Partners LP, and other investors. Under this agreement, investors hold the right to cause the election of one nominee to the General Partner's board. Mr. Bennett is a Managing Director with GSO Capital Partners LP and brings experience from previous roles as CFO of Aquilex Service Corporation and VP of Operations at Exario Networks, along with a background in investment banking at Donaldson, Lufkin & Jenrette.
Investor Verification Checklist
- Confirm the effective date of James Bennett's board election (August 15, 2008).
- Review the terms of the Investors' Agreement dated August 15, 2008, regarding investor nomination rights.
- Verify Mr. Bennett's current affiliations with GSO Capital Partners LP and other directorships (United Engines, LLC; Crestwood Midstream Partners, LLC).