other material
confidence high
sentiment neutral
materiality 0.50
Summit Midstream updates executive compensation; raises base pay for CEO and EVPs
Summit Midstream Corp
- CEO Deneke base salary $795,000; target bonus 120% of base (0-300% range); LTIP target 450% of base.
- EVPs Johnston and Mault base salary $450,000 each; target bonus 85% of base (0-200%); LTIP targets 233% and 240%.
- All changes effective March 28, 2025; officers consented and waived Good Reason claims.
- Annual meeting elected directors, ratified Deloitte & Touche for FY2025, and approved say-on-pay with ~86% support.