Archrock (NYSE: AROC) CFO Doug Aron plans retirement with structured transition deal
Rhea-AI Filing Summary
Archrock, Inc. announced that Senior Vice President and Chief Financial Officer Douglas S. Aron plans to retire by the earlier of December 31, 2026 or the appointment of a successor. He will remain in his role to support an orderly transition.
Under a Transition and Separation Agreement, Mr. Aron will continue to receive his current annual base salary of $640,000 through his retirement date. Upon retirement, he will be eligible for a pro-rated 2026 annual bonus at a target level of 90% of eligible earnings, pro-rated vesting of time-vesting restricted stock tranches scheduled for January 2027, and pro-rated vesting of his 2024–2026 performance-vesting awards based on actual performance. All other outstanding stock awards will be forfeited at retirement.
The company has engaged an executive search firm to help identify and evaluate potential successors, and leadership emphasized that Archrock has a strong team and clear strategy in place as it prepares for this planned CFO transition.
Positive
- None.
Negative
- None.
Insights
Planned CFO retirement with structured transition, limited near-term disruption expected.
Archrock disclosed a planned retirement for CFO Douglas S. Aron by the end of 2026, with flexibility to depart earlier once a successor is named. The company has already engaged an executive search firm, which supports continuity in financial leadership.
The Transition and Separation Agreement keeps Aron at his current $640,000 annual base salary and provides pro-rated incentives tied to 2026 performance and vesting schedules. This design aligns his interests with maintaining stable operations and meeting performance goals through the transition.
All other outstanding stock awards will be forfeited at retirement, limiting incremental equity dilution from this arrangement. Subsequent disclosures on the timing of a new CFO appointment and that executive’s compensation structure will further clarify long-term leadership and incentive alignment at Archrock.
8-K Event Classification
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported):
Commission File Number
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) |
(I.R.S. Employer Identification No.) |
(Address of principal executive offices, zip code)
(
Registrant’s telephone number, including area code
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol | Name
of each exchange on which registered | ||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On March 25, 2026, Douglas S. Aron, Senior Vice President and Chief Financial Officer of Archrock, Inc. (the “Company”), notified the Company of his intention to retire from his position. Mr. Aron will continue to serve as Senior Vice President and Chief Financial Officer to ensure an orderly transition until a successor Chief Financial Officer is named, or December 31, 2026, whichever is earlier (the “Retirement Date”).
In connection with Mr. Aron’s retirement and transition planning, the Company and Mr. Aron have entered into a Transition and Separation Agreement (the “Agreement”) pursuant to which Mr. Aron will remain in his current role until the Retirement Date and will continue to receive his base salary at the current annual rate of $640,000. The Agreement also provides that upon the Retirement Date, Mr. Aron will receive (i) a pro-rated annual bonus for 2026, paid at the target level of 90% of his eligible earnings, (ii) pro-rated vesting of each applicable tranche of his time-vesting restricted stock awards that are scheduled to vest in January 2027, and (iii) pro-rated vesting of his long-term performance-vesting awards (cash or stock settled) granted to him for the performance period 2024-2026 that are scheduled to vest in January 2027 based on actual level of performance in relation to the applicable performance measures, determined as of the last day of the month in which the Retirement Date occurs. All other outstanding stock awards will be forfeited upon the Retirement Date.
The description above is a summary of the material terms of the Agreement and is qualified in its entirety by reference to the respective document, a copy of which is filed as Exhibit 10.1 to this Form 8-K and is incorporated herein by reference.
A copy of the press release announcing the matters described herein is attached as Exhibit 99.1 to this Current Report on Form 8-K.
Item 7.01 Regulation FD Disclosure.
A copy of the press release announcing the matters described herein is attached as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| 10.1 | Transition and Separation Agreement dated March 25, 2026 between Douglas S. Aron and Archrock, Inc. |
| 99.1 | Press Release dated March 25, 2026 |
| 104 | Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101). |
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ARCHROCK, INC. | ||
| By: | /s/ Stephanie C. Hildebrandt | |
| Stephanie C. Hildebrandt | ||
| Senior Vice President, General Counsel and Secretary | ||
| March 25, 2026 | ||
3
Exhibit 99.1
Archrock Announces Retirement of Chief Financial Officer Doug Aron
HOUSTON, March 25, 2026 – Archrock, Inc. (NYSE: AROC) (“Archrock” or the “Company”) today announced that Douglas S. Aron, Senior Vice President and Chief Financial Officer, has informed the Company of his intention to retire by the end of 2026 or when a successor is named. The Company has engaged an executive search firm to assist with the identification and evaluation of potential successors.
“Doug has been a valued partner and critical member of our leadership team during a period when Archrock has transformed its business and meaningfully improved its balance sheet and profitability,” said Brad Childers, President and Chief Executive Officer. “We are grateful for his many contributions and are well prepared for the next chapter with a strong leadership team and clear strategy in place,” concluded Childers.
“I want to thank the Board, Brad, and the incredibly talented team across Archrock for their trust, partnership, and commitment over the last eight years,” said Aron. “As I look ahead, I am committed to helping Archrock with a successful transition and I am excited to prioritize time with family. I look forward to continuing to follow Archrock’s future success,” concluded Aron.
About Archrock
Archrock is an energy infrastructure company with a primary focus on midstream natural gas compression and a commitment to helping its customers produce, compress and transport natural gas in a safe and environmentally responsible way. Headquartered in Houston, Texas, Archrock is a premier provider of natural gas compression services to customers in the energy industry throughout the U.S. and a leading supplier of aftermarket services to customers that own compression equipment. For more information on how Archrock embodies its purpose, WE POWER A CLEANER AMERICA™, visit www.archrock.com.
Forward-Looking Statements
This press release contains forward-looking statements. These statements are not guarantees of future performance or actions. Forward-looking statements rely on a number of assumptions concerning future events and are subject to risks and uncertainties. If one or more of these risks or uncertainties materialize, actual results may differ materially from those contemplated by a forward-looking statement. Forward-looking statements speak only as of the date on which they are made. Archrock expressly disclaims any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. A further list and description of risks, uncertainties and other matters can be found in Archrock’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and as set forth from time to time in Archrock’s filings with the Securities and Exchange Commission. These filings are available online at www.sec.gov and www.archrock.com.
For information, contact:
Megan Repine
VP of Investor Relations
281-836-8360
investor.relations@archrock.com
FAQ
What leadership change did Archrock (AROC) announce in this 8-K?
How long will Archrock CFO Doug Aron remain in his role before retirement?
What compensation will Archrock CFO Doug Aron receive during the transition?
What bonus and equity treatment will Doug Aron receive upon retirement from Archrock?
How is Archrock (AROC) managing the search for a new Chief Financial Officer?
Does Archrock describe the CFO transition as part of a broader strategy?
Filing Exhibits & Attachments
6 documentsPress Releases
Agreements & Contracts
