Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On April 8, 2021, Antero Midstream Corporation ("Antero Midstream") and Antero
Resources Corporation ("Antero Resources") announced that Glen C. Warren, Jr.
will retire as President of Antero Midstream and President and Chief Financial
Officer of Antero Resources, effective as of April 30, 2021. Mr. Warren will
also step down from the board of both companies as of the same date. Mr.
Warren's retirement is not the result of any disagreement with Antero Midstream
or Antero Resources.
Effective upon Mr. Warren's retirement, (i) Paul M. Rady, currently Chairman and
CEO of Antero Resources and Antero Midstream, will also be named President of
Antero Resources and Antero Midstream, (ii) Michael N. Kennedy, currently Senior
Vice President of Finance at Antero Resources and Antero Midstream and Chief
Financial Officer of Antero Midstream, will be named Chief Financial Officer of
Antero Resources, will cease to be the Chief Financial Officer of Antero
Midstream and will continue to serve as Senior Vice President of Finance at
Antero Midstream and (iii) Brendan E. Krueger, currently Vice President of
Finance and Treasurer of Antero Resources and Antero Midstream, will be named
Chief Financial Officer of Antero Midstream and will continue to serve as
Treasurer and Vice President of Antero Resources and Antero Midstream. Also
effective upon Mr. Warren's retirement, Mr. Kennedy will be appointed to the
board of directors of Antero Midstream pursuant to Antero Resources' contractual
right to designate certain members of Antero Midstream's board. Antero Midstream
believes that Mr. Kennedy's experience as chief financial officer of Antero
Midstream, together with his broad knowledge and experience in the industry,
will enable Mr. Kennedy to provide the board with executive counsel on a full
range of business, strategic, financial and professional matters.
Mr. Krueger (age 36) joined Antero Midstream and Antero Resources in 2014 and
has served as Antero Midstream's and Antero Resources' Vice President of Finance
since April 2018. Mr. Krueger has also served as Antero Midstream's and Antero
Resources' Treasurer since January 2020. Prior to joining Antero Midstream and
Antero Resources, Mr. Krueger was an investment banker with Robert W. Baird &
Co., Wells Fargo Securities, and A.G. Edwards, Inc. from 2007 through 2014 with
a focus on equity and debt financing and mergers and acquisition.
Information regarding Mr. Rady's and Mr. Kennedy's business experience is
included in Antero Midstream's SEC filings and on its website.
Item 7.01 Regulation FD Disclosure.
On April 8, 2021, Antero Midstream and Antero Resources issued two joint press
releases announcing Mr. Warren's retirement and related changes to the board and
management of each company. Copies of the press releases are furnished as
Exhibit 99.1 and Exhibit 99.2 hereto and are incorporated by reference into this
Item 7.01.
The information furnished in this Item 7.01 (including the exhibits) shall not
be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of
1934, as amended, or otherwise subject to the liabilities of that section, nor
shall such information be deemed incorporated by reference in any filing under
the Securities Act of 1933, as amended, regardless of any general incorporation
language in such filing, except as shall be expressly set forth by specific
reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibits Description
99.1 Press release dated April 8, 2021.
99.2 Press release dated April 8, 2021.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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