secwatch.observer — SEC 8-K summary
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Issuer:     Western Midstream Operating, LP (—)
CIK:        0001414475
Form:       8-K
Filed at:   2024-11-01T23:59:59+00:00
Accession:  0001414475-24-000018
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WES appoints Oscar Brown as President and CEO; Michael Ure steps down effective Oct 28
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- Oscar Brown appointed President and CEO of WES's general partner effective Oct 28; he had been an independent director since 2019.
- Michael Ure steps down as CEO and director; will serve as advisor through end of 2024; severance includes 2x salary plus bonus.
- Brown receives $950k base salary, $300k 2024 target bonus, and $6M time-based units vesting over three years.
- WES reaffirms 2024 Adj. EBITDA guidance $2.2B-$2.4B and FCF $1.05B-$1.25B, expects results toward high end.
- Q3 2024 results due Nov 6, 2024; conference call Nov 7, 2024 at 1:00 p.m. Central.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1414475/000141447524000018/0001414475-24-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1414475/000141447524000018/wes-20241028.htm
  HTML page:      https://secwatch.observer/filing/0001414475-24-000018

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