Excelerate Energy enters Waiver Agreement to address Delaware Moelis ruling on stockholder rights

Excelerate Energy, Inc.

Waiver Agreement responds to Moelis decision; reaffirms Board rights subject to fiduciary duties.
Consent Rights (prior approval for significant actions) waived entirely.
Company's right to require director resignation waived if inconsistent with fiduciary duties.
Waivers terminate upon final judicial decision or Delaware law making obligations enforceable.
No financial impact disclosed; governance adjustment only.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Excelerate Energy, Inc. amended Waiver Agreement with Excelerate Energy Holdings, LLC, Excelerate Energy Limited Partnership valued at Waiver of certain Board and Committee Composition Rights, Resignation Provision, and Consent Rights (effective 2024-04-04).

Action: amendment
Counterparty: Excelerate Energy Holdings, LLC, Excelerate Energy Limited Partnership
Value: Waiver of certain Board and Committee Composition Rights, Resignation Provision, and Consent Rights
Effective: 2024-04-04

Exact text from the filing

on April 4, 2024, the Company, EELP and EE Holdings have entered into a Waiver Agreement with respect to the Stockholder's Agreement (the "Waiver Agreement").

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Excelerate Energy, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-042254

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