HOUSTON, May 11, 2022
/PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the
"Partnership" or "SMLP") announced today that its 2022 annual
meeting of limited partners (the "Annual Meeting") scheduled for
and convened today has been partially adjourned for the purpose of
soliciting additional votes with respect to Proposal 2, the
approval of the Summit Midstream Partners, LP 2022 Long-Term
Incentive Plan, set forth in the Partnership's definitive proxy
statement for the Annual Meeting filed with the Securities and
Exchange Commission on March 31, 2022
(the "Proxy Statement").
A quorum was present at the Annual Meeting, and Proposals 1 (the
election of two Class I directors), 3 (the ratification of the
appointment of Deloitte & Touche LLP as the Partnership's
independent registered public accounting firm for 2022), 4 (the
approval of the advisory resolution on executive compensation) and
5 (the advisory vote on the frequency of future advisory votes on
executive compensation), set forth in the Proxy Statement, received
the requisite votes for approval.
The Annual Meeting will be reconvened solely with respect to
Proposal 2 on Thursday, May 26, 2022
at 9:00 a.m. Central Time and will be
held virtually via live webcast at
https://web.lumiagm.com/275506380 (password: summit2022). The
record date for determination of the limited partners of the
Partnership who are holders of record of outstanding common units
of the Partnership entitled to vote at the reconvened Annual
Meeting remains the close of business on March 21, 2022.
Any proxies previously submitted by such holders with respect to
Proposal 2 will continue to be counted. Such holders need not
submit a new proxy for their votes to be counted. Such holders may
revoke their proxies as set forth in the Proxy Statement.
About Summit Midstream Partners,
LP
SMLP is a value-driven limited partnership focused on
developing, owning and operating midstream energy infrastructure
assets that are strategically located in the core producing areas
of unconventional resource basins, primarily shale formations, in
the continental United States.
SMLP provides natural gas, crude oil and produced water gathering,
processing and transportation services pursuant to primarily
long-term, fee-based agreements with customers and counterparties
in six unconventional resource basins: (i) the Appalachian Basin,
which includes the Utica and
Marcellus shale formations in Ohio
and West Virginia; (ii) the
Williston Basin, which includes
the Bakken and Three Forks shale formations in North Dakota; (iii) the Denver-Julesburg
Basin, which includes the Niobrara
and Codell shale formations in Colorado and Wyoming; (iv) the Permian Basin, which
includes the Bone Spring and Wolfcamp formations in New Mexico; (v) the Fort Worth Basin, which includes the Barnett
Shale formation in Texas; and (vi)
the Piceance Basin, which includes the Mesaverde formation as well
as the Mancos and Niobrara shale formations in Colorado. SMLP has an equity method investment
in Double E Pipeline, LLC, which provides interstate natural gas
transportation service from multiple receipt points in the
Delaware Basin to various delivery
points in and around the Waha Hub in Texas. SMLP also has an equity method
investment in Ohio Gathering, which operates extensive natural gas
gathering and condensate stabilization infrastructure in the Utica
Shale in Ohio. SMLP is
headquartered in Houston,
Texas.
Forward-Looking
Statements
This press release includes certain statements concerning
expectations for the future that are forward-looking within the
meaning of the federal securities laws, including, without
limitation, the timing of the reconvened Annual Meeting.
Forward-looking statements include, without limitation, any
statement that may project, indicate or imply future results,
events, performance or achievements and may contain the words
"expect," "intend," "plan," "anticipate," "estimate," "believe,"
"will be," "will continue," "will likely result," and similar
expressions, or future conditional verbs such as "may," "will,"
"should," "would," and "could." In addition, any statement
concerning future financial performance (including future revenues,
earnings or growth rates), ongoing business strategies and possible
actions taken by us or our subsidiaries are also forward-looking
statements. Forward-looking statements also contain known and
unknown risks and uncertainties (many of which are difficult to
predict and beyond management's control) that may cause SMLP's
actual results in future periods to differ materially from
anticipated or projected results. An extensive list of specific
material risks and uncertainties affecting SMLP is contained in its
2021 Annual Report on Form 10-K filed with the Securities and
Exchange Commission on February 28,
2022, as amended and updated from time to time. Any
forward-looking statements in this press release are made as of the
date of this press release and SMLP undertakes no obligation to
update or revise any forward-looking statements to reflect new
information or events.
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SOURCE Summit Midstream Partners, LP