Mohit Singh to become Archrock (NYSE: AROC) CFO with $1.5M stock grant
Rhea-AI Filing Summary
Archrock, Inc. has appointed Mohit Singh as Senior Vice President and Chief Financial Officer, effective July 6, 2026, succeeding retiring CFO Douglas S. Aron. Singh brings more than 25 years of energy, finance and M&A experience, including prior CFO roles at Chesapeake Energy and Expand Energy.
Under an employment letter, Singh will receive an annual base salary of $650,000, target short-term incentive equal to 100% of eligible earnings and annual long-term equity awards with an initial target value of $2,300,000. He will also receive a relocation package and a one-time restricted stock award valued at $1,500,000, vesting 20% on January 25, 2027, 40% on January 25, 2028 and 40% on January 25, 2029, subject to continued employment. Singh is subject to an 18‑month post-employment non‑competition and non‑solicitation covenant and will receive customary indemnification from the company. Related employment, severance and change of control agreements are filed as exhibits, along with a press release announcing his appointment.
Positive
- None.
Negative
- None.
Insights
Archrock appoints an experienced energy CFO with a sizable, equity-heavy pay package.
Archrock is installing Mohit Singh as CFO with deep energy, M&A and public-company experience, which may support strategic and capital allocation decisions. The leadership change follows the previously announced retirement of former CFO Douglas Aron, indicating a planned transition rather than an abrupt shift.
Compensation is structured with a mix of cash and equity. The base salary of $650,000, target bonus at 100% of earnings and long-term incentives of $2,300,000 emphasize variable, performance-linked pay. The $1,500,000 restricted stock sign-on award vests over three years, encouraging medium-term retention.
Protective terms include 18 months of non-competition and non-solicitation covenants and broad indemnification and expense advancement rights, which are common for senior executives in this sector. Detailed terms of the employment, severance and change of control agreements are provided in the attached exhibits, giving investors visibility into potential future payout obligations if Singh’s employment ends or control of the company changes.
8-K Event Classification
Key Figures
Key Terms
short-term incentive program financial
long-term incentive equity awards financial
restricted stock financial
severance benefit agreement financial
change of control agreement financial
non-competition regulatory
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 June 24, 2026, Archrock, Inc. (the “Company”) announced the appointment of Mohit Singh as the Company's Senior Vice President and Chief Financial Officer, effective July 6, 2026.
Mr. Singh, 49, served as Executive Vice President and Chief Financial Officer of Chesapeake Energy Corporation from 2021 through its merger with Southwestern Energy Company in 2024 to form Expand Energy Corporation, where he continued as CFO until August 2025. Prior to Chesapeake, Mr. Singh held senior leadership roles at BPX Energy, BP’s U.S. onshore subsidiary, where he led mergers and acquisitions, business development, exploration and operations functions. Earlier in his career, he served in investment banking roles at Goldman Sachs and RBC Capital Markets and began his career with Shell Exploration & Production Company. Mr. Singh earned a PhD in Chemical Engineering from the University of Houston, an MBA from the University of Texas at Austin and a BTech in Chemical Engineering from the Indian Institute of Technology – Kanpur. Mr. Singh has served since 2024 as an independent director of Powell Industries, a Houston-based leader in electrical engineering and power solutions serving critical infrastructure markets, including utilities, energy, petrochemicals, and data centers.
In connection with his appointment, the Company entered into an employment letter with Mr. Singh, which provides that he will (i) receive an annual base salary of $650,000, (ii) participate in the Company’s annual short-term incentive program, with a target award level of 100% of eligible earnings, and (iii) be eligible to receive annual long-term incentive equity awards, with an initial annual target award value of $2,300,000. In addition, Mr. Singh will receive a relocation package according to the Company’s relocation policy (which will cover reasonable and customary relocation expenses incurred by Mr. Singh in his relocation to Texas and a tax gross-up payment to the extent that any relocation benefits are treated as taxable income) and a one-time “sign-on” award of restricted stock, which will have a value at the time of grant of $1,500,000 and will vest 20% on January 25, 2027, 40% on January 25, 2028 and 40% on January 25, 2029, subject to Mr. Singh’s continued employment. Pursuant to the employment letter, the Company and Mr. Singh also have entered or will enter into the following agreements:
| · | A severance benefit agreement, which provides that if Mr. Singh’s employment is terminated by the Company without cause (and not in connection with a change of control), he will be eligible to receive severance benefits in amounts and on terms and conditions consistent with the Company’s other named executive officers. |
| · | A change of control agreement, which provides for the payment of certain benefits only in the event of a termination of Mr. Singh’s employment without cause or Mr. Singh’s resignation for good reason, in either case within 18 months of a change of control of the Company, which benefits are in amounts and on terms and conditions consistent with the Company’s other named executive officers (other than the Chief Executive Officer). |
Mr. Singh will also be subject to customary restrictive covenants, including non-competition and non-solicitation covenants lasting for 18 months following Mr. Singh’s termination of employment, and will be entitled to indemnification by the Company to the fullest extent permitted under Delaware law against liability that may arise by reason of his service to the Company, and to the advancement of expenses incurred as a result of any proceeding against him as to which he could be indemnified.
The foregoing descriptions of the employment letter, severance benefit agreement and change of control agreement are qualified in their entirety by reference to the full text of the agreements, which are attached to this Current Report on Form 8-K as Exhibits 10.1, 10.2 and 10.3, respectively, and incorporated by reference.
Mr. Singh does not have any family relationship with any member of our board of directors or any executive officer. There are no relationships or related transactions between Mr. Singh and us that would be required to be reported in this Current Report on Form 8-K.
In connection with Douglas S. Aron’s retirement from Archrock as previously announced on March 25, 2026, Mr. Aron will resign from his position as Senior Vice President and Chief Financial Officer on June 30, 2026.
2
Item 7.01 Regulation FD Disclosure
A press release dated June 24, 2026, announcing the appointment of Mr. Singh as Senior Vice President and Chief Financial Officer, is attached as Exhibit 99.1 to this Current Report on Form 8-K.
In accordance with General Instruction B.2 of Form 8-K, the information set forth in this Item 7.01 shall be deemed to be furnished and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and shall not be incorporated by reference into any filing under the Exchange Act or the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
| 10.1 | Employment Letter, dated June 17, 2026, between Mohit Singh and Archrock, Inc.* | |
| 10.2 | Severance Benefit Agreement, effective July 6, 2026, between Mohit Singh and Archrock, Inc. | |
| 10.3 | Change of Control Agreement, effective July 6, 2026, between Mohit Singh and Archrock, Inc. | |
| 99.1 | Press Release dated June 24, 2026. | |
| 104 | Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101). |
* Certain identified information has been excluded from this exhibit because it is both not material and is the type that the Company treats as private or confidential.
3
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 | ||
| June 25, 2026 | ||
4
Exhibit 99.1
Archrock Appoints Mohit Singh Senior Vice President and Chief Financial Officer
HOUSTON, June 24, 2026 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) today announced that Mohit Singh has been appointed Senior Vice President and Chief Financial Officer, effective July 6, 2026.
Mr. Singh brings more than 25 years of experience across the energy value chain, with expertise in oil & gas operations, investment banking and corporate finance. He served as Executive Vice President and Chief Financial Officer of Chesapeake Energy Corporation from 2021 through its merger with Southwestern Energy Company in 2024 to form Expand Energy Corporation, where he continued as CFO until August 2025. Prior to Chesapeake, Mr. Singh held senior leadership roles at BPX Energy, BP’s U.S. onshore subsidiary, where he led mergers and acquisitions, business development, exploration and operations functions. Earlier in his career, he served in investment banking roles at Goldman Sachs and RBC Capital Markets and began his career with Shell Exploration & Production Company.
Mr. Singh earned a PhD in Chemical Engineering from the University of Houston, an MBA from the University of Texas at Austin and a BTech in Chemical Engineering from the Indian Institute of Technology – Kanpur.
Mr. Singh has served since 2024 as an independent director of Powell Industries, a Houston-based leader in electrical engineering and power solutions serving critical infrastructure markets, including utilities, energy, petrochemicals, and data centers.
“We are thrilled to welcome Mohit to Archrock,” said Brad Childers, President and CEO of Archrock. “He brings significant public company experience, deep energy industry expertise and a strategic perspective that will be valuable to our management team and Board as we position Archrock for its next phase of growth.”
“I am honored to join Archrock at this exciting time,” said Mohit Singh. “Archrock has established strong momentum, underpinned by a disciplined operating model and compelling opportunities to support customers amid growing long-term demand for natural gas. I look forward to working closely with Brad and the entire Archrock team to execute on the company's strategic priorities, deliver strong financial results and create sustainable long-term value for shareholders.”
Mr. Singh succeeds Douglas S. Aron, who previously announced his intention to retire.
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 the Company embodies its purpose, WE POWER A CLEANER AMERICATM, visit www.archrock.com.
For information, contact:
Megan Repine
Vice President, Investor Relations
(281) 836-8360
investor.relations@archrock.com