secwatch.observer — SEC 8-K summary
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Issuer:     Summit Midstream Corp (SMC)
CIK:        0002024218
Form:       8-K12B
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001013762-24-003515
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.01, 2.03, 5.01, 5.02, 5.03, 5.05, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Summit Midstream completes corporate reorganization; begins trading as SMC on NYSE
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- Summit Midstream Partners LP merged into wholly-owned subsidiary; Summit Midstream Corp becomes successor issuer.
- Common stock begins trading NYSE under SMC; prior SMLP units delisted; each unit exchanged for one share.
- $575M 8.625% senior secured second lien notes 2029 guaranteed by parent; ABL and intercreditor joinder executed.
- Board of directors appointed: 7 directors including J. Heath Deneke (Chairman/CEO); executive officers unchanged.
- Series A Preferred Stock issued with $1,000 liquidation preference; certificate of incorporation and bylaws amended.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2024218/000101376224003515/0001013762-24-003515-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2024218/000101376224003515/ea0210241-8k12b_summit.htm
  HTML page:      https://secwatch.observer/filing/0001013762-24-003515

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