secwatch.observer — SEC 8-K summary
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Issuer:     Summit Midstream Corp (SMC)
CIK:        0002024218
Form:       8-K
Filed at:   2025-05-09T23:59:59+00:00
Accession:  0002024218-25-000049
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Summit Midstream updates executive compensation; raises base pay for CEO and EVPs
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2024218/000202421825000049/0002024218-25-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2024218/000202421825000049/smc-20250409.htm
  HTML page:      https://secwatch.observer/filing/0002024218-25-000049

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