New director Jim S. Holotik joins USA Compression (NYSE: USAC) board
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
USA Compression Partners reported a board change. On April 28, 2026, Energy Transfer LP, as sole member of USA Compression GP, LLC, appointed Jim S. Holotik as a director on the General Partner’s board, effective the same day.
Holotik becomes an outside director and will be compensated under the General Partner’s outside director compensation policy, including an award of 2,500 phantom units upon his appointment. The company states there are no arrangements governing his appointment and no relationships requiring disclosure under Item 404(a) of Regulation S-K.
Positive
- None.
Negative
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
Director equity award: 2,500 phantom units
1 metrics
Director equity award
2,500 phantom units
Granted to Jim S. Holotik upon board appointment
Key Terms
phantom units, outside director, Item 404(a) of Regulation S-K, Emerging growth company
4 terms
phantom units financial
"including an award of 2,500 phantom units upon his appointment to the Board"
Phantom units are a form of employee compensation that mimics ownership in a company without issuing real shares: recipients receive cash or stock value tied to the company’s share price or performance when the units vest. They matter to investors because phantom units align employee incentives with shareholder value while avoiding share dilution; however, they create future cash obligations and can affect a company’s financial statements and cash flow.
outside director financial
"As an outside director, Mr. Holotik will receive compensation from the Partnership"
Item 404(a) of Regulation S-K regulatory
"There are no relationships between Mr. Holotik and the General Partner or the Partnership that would require disclosure pursuant to Item 404(a) of Regulation S-K."
Emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
FAQ
What did USA Compression Partners (USAC) disclose in this 8-K?
USA Compression Partners disclosed the appointment of Jim S. Holotik as a new director of its general partner’s board, effective April 28, 2026. The filing focuses on his role as an outside director and related compensation and relationship disclosures.
Who appointed Jim S. Holotik to the USA Compression board?
Jim S. Holotik was appointed by Energy Transfer LP, the sole member of USA Compression GP, LLC, which is the general partner of USA Compression Partners. This structure gives Energy Transfer authority over director appointments to the General Partner’s board.
How will new director Jim S. Holotik be compensated at USAC?
As an outside director, Jim S. Holotik will receive compensation under the General Partner’s outside director compensation policy. This includes an initial award of 2,500 phantom units granted upon his appointment, as described in the partnership’s previously filed Form 10-K.
Are there any special arrangements tied to Jim S. Holotik’s appointment at USAC?
The company states there are no arrangements or understandings with any persons under which Jim S. Holotik will serve as a director. This indicates his appointment is not tied to side agreements or special nomination rights disclosed in this filing.