AI English summary of an SEC filing — figures as filed

The company said Board member Robert B. Evans, age 75, retired as a director effective February 26, 2024, not 2026. It said Evans had served as a director since March 1, 2016 and that there were no disagreements between him and the company on any matter relating to its operations, policies or practices.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Feb 28, 2024Period of report Feb 26, 2024Summary published (UTC) Oct 28, 2026

Key points

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The company said Board member Robert B. Evans, age 75, retired as a director effective February 26, 2024, not 2026. It said Evans had served as a director since March 1, 2016 and that there were no disagreements between him and the company on any matter relating to its operations, policies or practices.
The company said its Board on February 26, 2024 appointed Robert Keith Teague as a director to fill the vacancy left by Evans' resignation. Teague was designated a Class I Director, with his term expiring at the company's 2026 annual meeting of stockholders.
Targa Resources said Teague was appointed to the Audit Committee and Compensation Committee effective February 27, 2024. The Compensation Committee plans to grant Teague an award of 1,947 shares of restricted stock, which is expected to vest on February 26, 2025, subject to his continued service on the Board, the company said.
The company said it entered into an indemnification agreement with Teague on February 26, 2024. Under the agreement, the company must indemnify Teague to the fullest extent permitted under Delaware law against liability that may arise from his service as a director, and advance expenses incurred in any proceeding for which he could be indemnified.

Summary

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Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Robert B. Evans Retires from Board

The company said Board member Robert B. Evans, age 75, retired as a director effective February 26, 2024, not 2026. It said Evans had served as a director since March 1, 2016 and that there were no disagreements between him and the company on any matter relating to its operations, policies or practices.

Source · Based on the filing body and exhibits

Robert Keith Teague Appointed to Board

The company said its Board on February 26, 2024 appointed Robert Keith Teague as a director to fill the vacancy left by Evans' resignation. Teague was designated a Class I Director, with his term expiring at the company's 2026 annual meeting of stockholders.

Source · Based on the filing body and exhibits

Teague Committee Assignments and Compensation

Targa Resources said Teague was appointed to the Audit Committee and Compensation Committee effective February 27, 2024. The Compensation Committee plans to grant Teague an award of 1,947 shares of restricted stock, which is expected to vest on February 26, 2025, subject to his continued service on the Board, the company said.

Source · Based on the filing body and exhibits

Targa Enters Indemnification Agreement with Teague

The company said it entered into an indemnification agreement with Teague on February 26, 2024. Under the agreement, the company must indemnify Teague to the fullest extent permitted under Delaware law against liability that may arise from his service as a director, and advance expenses incurred in any proceeding for which he could be indemnified.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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