8-K
filed April 18, 2022, 7:59 PM ET
ticker EE
CIK 0001888447
other material
confidence high
sentiment positive
materiality 0.90
Excelerate Energy closes IPO of 18.4M shares at $24; acquires vessel interests for $253.6M
Excelerate Energy, Inc.
- IPO closed April 18, 2022: 18.4M Class A shares at $24.00 per share, raising approximately $441.6M.
- Issued 7.85M Class A shares to Maya for membership interests in Excelsior and Excellence vessel companies as part of $253.6M purchase consideration.
- Issued 82.02M Class B shares to Holdings; convertible one-for-one into Class A upon exchange of EELP interests.
- Board expanded with five new directors; Don Millican appointed Chair; audit, compensation, nominating committees formed.
- Adopted Long-Term Incentive Plan authorizing 10.75M Class A shares; initial option grants to executives at $24 exercise price.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Robert A. Waldo was appointed as Director at Excelerate Energy, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
Carolyn J. Burke, Paul T. Hanrahan, Henry G. Kleemeier, Don P. Millican and Robert A. Waldo joined the Board of Directors of the Company (the “Board”).
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Carolyn J. Burke was appointed as Director at Excelerate Energy, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
Carolyn J. Burke, Paul T. Hanrahan, Henry G. Kleemeier, Don P. Millican and Robert A. Waldo joined the Board of Directors of the Company (the “Board”).
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Henry G. Kleemeier was appointed as Director at Excelerate Energy, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
Carolyn J. Burke, Paul T. Hanrahan, Henry G. Kleemeier, Don P. Millican and Robert A. Waldo joined the Board of Directors of the Company (the “Board”).
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Paul T. Hanrahan was appointed as Director at Excelerate Energy, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
Carolyn J. Burke, Paul T. Hanrahan, Henry G. Kleemeier, Don P. Millican and Robert A. Waldo joined the Board of Directors of the Company (the “Board”).
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Don P. Millican was appointed as Chairperson of the Board at Excelerate Energy, Inc..
- Action
- appointed
- Role
- Chairperson of the Board
Exact text from the filing
In addition, Mr. Millican was appointed as Chairperson of the Board.
View on SEC.gov
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