UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On January 20, 2021, Wendell R. Brooks notified Archrock, Inc. (the “Company”) of his retirement from the board of directors of the Company (the “Board”) and as a member of the Board’s Audit and Compensation Committees, effective as of such date. Mr. Brooks informed the Board that his retirement was not due to any disagreement with, or any matter relating to, the operations, policies or practices of the Company. The Company thanks Mr. Brooks for his many contributions to the Company.
In addition, on January 20, 2021, Leonard W. Mallett was appointed to the Board to fill the vacancy resulting from Mr. Brooks’s retirement. The Board determined that Mr. Mallett meets the independence requirements under the rules of the New York Stock Exchange and the Company’s independence standards. Mr. Mallet will also serve as a member of the Board’s Compensation Committee. Mr. Mallett’s addition to the Board is effective as of January 20, 2021.
There are no family relationships between Mr. Mallett and any director or other executive officer of the Company nor are there any transactions between Mr. Mallett or any member of his immediate family and the Company or any of its subsidiaries that would be reportable as a related party transaction under the rules of the United States Securities and Exchange Commission (the “Commission”). Further, there is no arrangement or understanding between Mr. Mallett and any other persons or entities pursuant to which Mr. Mallett was appointed as a director of the Company.
Upon his appointment to the Board, Mr. Mallet became entitled to receive the Company’s non-employee director compensation. The specific terms of the Company’s non-employee director compensation arrangements are described further in the Company’s annual proxy statement that was filed with the Commission on March 17, 2020 and Form 8-K filed with the Commission on April 30, 2020.
A press release dated January 20, 2021, announcing the retirement of Mr. Brooks and the appointment of Mr. Mallett as a director is filed as Exhibit 99.1 to this report.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
The following exhibits are furnished as part of this report:
99.1 | ||||||
104 | Cover Page Interactive Data File, formatted in Inline XBRL |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ARCHROCK, INC. | ||
By: | /s/ Stephanie C. Hildebrandt | |
Stephanie C. Hildebrandt | ||
Senior Vice President, General Counsel and | ||
January 21, 2021 | ||
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