secwatch.observer — SEC 8-K summary
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Issuer:     Equitrans Midstream Corp (—)
CIK:        0001747009
Form:       8-K
Filed at:   2023-09-07T23:59:59+00:00
Accession:  0001104659-23-098935
Event type: leadership
Sentiment:  positive
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Equitrans names Diana Charletta CEO effective Jan 1, 2024; Karam becomes Executive Chairman
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- Thomas F. Karam steps down as CEO effective Jan 1, 2024, becomes Executive Chairman with base salary $625,000.
- Diana M. Charletta, currently President and COO, succeeds as CEO; base salary $720,000, STIP target 120%, LTIP $3.5M.
- Karam receives $7.5M cash bonus for efforts on MVP project, including inclusion in Fiscal Responsibility Act of 2023.
- CEO transition tied to targeted completion of Mountain Valley Pipeline by year-end 2023.
- Amendments to non-compete agreements for named executives, including enhanced severance for Charletta (30 months base salary).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1747009/000110465923098935/0001104659-23-098935-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1747009/000110465923098935/tm2325516d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-098935

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