--- schema_version: "secwatch.filing_event.v1" accession: "0001104659-24-108659" form_type: "8-K" ticker: null cik: "0001592000" company_name: "EnLink Midstream, LLC" filed_at: "2024-10-15T23:59:59+00:00" generated_at: "2026-05-30T14:34:36.489548+00:00" event_type: "m_and_a" sentiment: "neutral" materiality_score: 1.0 calibrated_materiality_score: 1.0 confidence: "high" source: SEC EDGAR --- # ONEOK completes acquisition of control of EnLink Midstream for $3.285 billion ## Summary - ONEOK acquired ~43% of ENLC common units (200,340,753 units) at $14.90/unit and all Manager interests for $300M, total ~$3.285B. - Benjamin M. Daniel, Matthew C. Harris, Scott E. Telesz resigned from EnLink Midstream Manager Board; Pierce H. Norton II, Walter S. Hulse III, Lyndon C. Taylor appointed. - ENLC entered indemnification agreements with new directors Pierce Norton, Walter Hulse, and Lyndon Taylor. - Third Amended and Restated LLC Agreement of EnLink Midstream Manager effective Oct 15, replacing Sellers with ONEOK references. ## SEC filing metadata - accession: 0001104659-24-108659 - form_type: 8-K - cik: 0001592000 - company_name: EnLink Midstream, LLC - filed_at: 2024-10-15T23:59:59+00:00 - event_type: m_and_a - sentiment: neutral - materiality_score: 1.0 - calibrated_materiality_score: 1.0 - confidence: high - sec_items: 5.01, 5.02, 5.03, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1592000/000110465924108659/0001104659-24-108659-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1592000/000110465924108659/tm2426202d1_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001104659-24-108659 - JSON: https://secwatch.observer/filing/0001104659-24-108659.json - Plain text: https://secwatch.observer/filing/0001104659-24-108659.txt ## Key facts - Executive change Walter S. Hulse III was appointed as Director at EnLink Midstream, LLC. - Action: appointed - Role: Director source text: each of the following individuals was appointed to the Manager Board (the “New Directors”) and Pierce H. Norton II was appointed to serve as Chairman of the Manager Board: Pierce H. Norton II Walter S. Hulse III Lyndon C. Taylor evidence_url: https://www.sec.gov/Archives/edgar/data/1592000/000110465924108659/0001104659-24-108659-index.htm - Executive change Matthew C. Harris resigned as Chairman of the Manager Board at EnLink Midstream, LLC. - Action: resigned - Role: Chairman of the Manager Board source text: Benjamin M. Daniel, Matthew C. Harris, and Scott E. Telesz each tendered his resignation from the Board of Directors of the Manager evidence_url: https://www.sec.gov/Archives/edgar/data/1592000/000110465924108659/0001104659-24-108659-index.htm - Executive change Lyndon C. Taylor was appointed as Director at EnLink Midstream, LLC. - Action: appointed - Role: Director source text: each of the following individuals was appointed to the Manager Board (the “New Directors”) and Pierce H. Norton II was appointed to serve as Chairman of the Manager Board: Pierce H. Norton II Walter S. Hulse III Lyndon C. Taylor evidence_url: https://www.sec.gov/Archives/edgar/data/1592000/000110465924108659/0001104659-24-108659-index.htm - Executive change Benjamin M. Daniel resigned as Director at EnLink Midstream, LLC. - Action: resigned - Role: Director source text: Benjamin M. Daniel, Matthew C. Harris, and Scott E. Telesz each tendered his resignation from the Board of Directors of the Manager evidence_url: https://www.sec.gov/Archives/edgar/data/1592000/000110465924108659/0001104659-24-108659-index.htm - Executive change Scott E. Telesz resigned as Director at EnLink Midstream, LLC. - Action: resigned - Role: Director source text: Benjamin M. Daniel, Matthew C. Harris, and Scott E. Telesz each tendered his resignation from the Board of Directors of the Manager evidence_url: https://www.sec.gov/Archives/edgar/data/1592000/000110465924108659/0001104659-24-108659-index.htm - Executive change Pierce H. Norton II was appointed as Chairman of the Manager Board at EnLink Midstream, LLC. - Action: appointed - Role: Chairman of the Manager Board source text: each of the following individuals was appointed to the Manager Board (the “New Directors”) and Pierce H. Norton II was appointed to serve as Chairman of the Manager Board: Pierce H. Norton II Walter S. Hulse III Lyndon C. Taylor evidence_url: https://www.sec.gov/Archives/edgar/data/1592000/000110465924108659/0001104659-24-108659-index.htm - Governance Changes EnLink Midstream, LLC: Amended and restated limited liability company agreement of the Manager to replace references to Seller I with references to ONEOK (effective 2024-10-15). - Change: charter amendment - Effective: 2024-10-15 source text: On October 15, 2024, in connection with the Closing, ONEOK entered into the Third Amended and Restated Limited Liability Company Agreement of the Manager (the “Amended and Restated Manager Agreement”) to, among other things, replace references to Seller I with references to ONEOK. evidence_url: https://www.sec.gov/Archives/edgar/data/1592000/000110465924108659/0001104659-24-108659-index.htm - M&A Transactions EnLink Midstream, LLC underwent a change of control involving ONEOK, Inc. for approximately $3.285 billion (closed 2024-10-15). - Action: change of control - Counterparty: ONEOK, Inc. - Consideration: approximately $3.285 billion - Closing: 2024-10-15 source text: all of the outstanding limited liability company interests in the Manager from Seller I in exchange for $300.0 million in cash, for a total cash consideration of approximately $3.285 billion . As a result of the Transactions, ONEOK acquired control of the operations of ENLC and its subsidiaries. ONEOK used a portion of the net proceeds from its underwritten public evidence_url: https://www.sec.gov/Archives/edgar/data/1592000/000110465924108659/0001104659-24-108659-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.