secwatch.observer — SEC 8-K summary
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Issuer:     UGI CORP /PA/ (UGI)
CIK:        0000884614
Form:       8-K
Filed at:   2022-12-01T23:59:59+00:00
Accession:  0000884614-22-000063
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UGI appoints Robert F. Beard as Chief Operations Officer, effective immediately
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- Beard, previously EVP of Natural Gas, appointed COO overseeing Global LPG and Natural Gas lines.
- Base salary set at $632,500; target annual bonus 85% of base (prorated for FY2023).
- Target equity value $1,350,000 under 2021 Incentive Award Plan, granted in January 2023.
- New Change in Control Agreement provides 2x base+bonus if terminated without cause within 2 yrs post-control change.
- CEO cites streamlined 'one company' structure to capture synergies and drive the 'three R' strategy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884614/000088461422000063/0000884614-22-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884614/000088461422000063/ugi-20221201.htm
  HTML page:      https://secwatch.observer/filing/0000884614-22-000063

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer