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): August 7, 2024
UGI Corporation
(Exact Name of Registrant as Specified in Its Charter)
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Pennsylvania | 1-11071 | 23-2668356 |
500 North Gulph Road, King of Prussia, PA 19406
(Address of Principal Executive Offices) (Zip Code)
Registrant’s Telephone Number, Including Area Code: 610 337-1000
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)) |
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class |
| Trading |
| Name of each exchange |
Common Stock, without par value | | UGI | | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 7, 2024, UGI Corporation (the “Company”) announced that Robert F. Beard intends to retire from his position as Chief Operations Officer of the Company on December 31, 2024. Mr. Beard’s decision to retire is not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices. The Company has elected to eliminate the executive position of Chief Operations Officer and Mr. Beard’s responsibilities will be assumed by other officers at the Company. Mr. Beard intends to act as an advisor to the Company following his retirement.
In connection with his departure and the elimination of the Chief Operations Officer position, Mr. Beard’s departure was treated as an involuntary termination for purposes of the Company’s Executive Severance Plan (the “Severance Plan”), a copy of which was filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on October 5, 2021. Mr. Beard is entitled to receive severance benefits set forth in the Severance Plan in exchange for timely executing and not revoking a general release of claims in favor of the Company.
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.
| | UGI Corporation | |
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August 8, 2024 | | By: | /s/ Jessica A. Milner |
| | Name: | Jessica A. Milner |
| | Title: | Secretary |
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