UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
| Date of Report (Date of Earliest Event Reported): | June 30, 2009 |
EXTERRAN HOLDINGS, INC.
__________________________________________
(Exact name of registrant as specified in its charter)
| Delaware | 001-33666 | 74-3204509 |
_____________________ (State or other jurisdiction | _____________ (Commission | ______________ (I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
16666 Northchase Drive, Houston, Texas | 77060 | |
_________________________________ (Address of principal executive offices) | ___________ (Zip Code) |
| Registrant’s telephone number, including area code: | (281) 836-7000 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
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))
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On June 30, 2009, in accordance with his previously announced plans for retirement, Stephen A. Snider resigned as Chief Executive Officer of Exterran Holdings, Inc. (“Exterran,” “us” or “our”). In addition, Mr. Snider resigned as a member of Exterran’s board of directors (the “Board”), effective June 30, 2009. The resignation of Mr. Snider from the Board was not due to any disagreement with us on any matter pertaining to our operations, policies or practices. A copy of Mr. Snider’s resignation letter is furnished as Exhibit 99.1 to this report.
On June 30, 2009, the Board decreased the size of the Board from 11 to 10 directors and appointed Ernie L. Danner, 55, as Chief Executive Officer, effective immediately following Mr. Snider’s resignation.
Mr. Danner rejoined Exterran as President and Chief Operating Officer in October 2008 in conjunction with a previously announced management succession plan and will retain his title as President. Mr. Danner has been a director of Exterran since the consummation of the merger of Universal Compression Holdings, Inc. (“Universal”) and Hanover Compressor Company on August 20, 2007 and previously served as a director of Universal beginning with Universal’s acquisition of Tidewater Compression Service, Inc. in 1998. Mr. Danner served in various positions of increasing responsibility at Universal from 1998 until 2007, including as an Executive Vice President of Universal from February 1998 to August 2007 and Chief Operating Officer from July 2006 to August 2007. Prior to joining Universal, Mr. Danner served as Chief Financial Officer and Senior Vice President of MidCon Corp., an interstate pipeline company and a wholly owned subsidiary of Occidental Petroleum Corporation. Mr. Danner is also a director of Copano Energy, LLC (a midstream natural gas company).
Mr. Danner will receive compensation for his services as President and Chief Executive Officer as previously disclosed in our annual proxy statement. Other than as disclosed in our annual proxy statement, we do not have any other form of employment agreement with Mr. Danner, either written or oral, that guarantees salaries, salary increases, bonuses or benefits. There are no other arrangements or understandings between Mr. Danner and any other person pursuant to which he was appointed as an officer. There are no family relationships between Mr. Danner and any executive officer or director of Exterran.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
99.1 Resignation letter of Stephen A. Snider
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.
| EXTERRAN HOLDINGS, INC. | ||||
| July 7, 2009 | By: | /s/ J. Michael Anderson | ||
| J. Michael Anderson | ||||
| Senior Vice President, Chief Financial Officer and Chief of Staff | ||||
Exhibit Index
99.1 Resignation letter of Stephen A. Snider