On January 15, 2019, Brian W. Freed notified the board of directors of Altus Midstream Company of his intention to resign as both chief executive officer of the Company and a member of the Board effective as of January 15, 2019. Mr. Freed will continue in his role as senior vice president, Midstream and Marketing, of Apache Corporation and the Company’s indirect controlling stockholder. On January 16, 2019, the Board appointed Clay Bretches as both chief executive officer of the Company and a member of the Board effective as of January 16, 2019. Mr. Bretches will also serve as senior vice president, U.S. Midstream Operations, of Apache. No material plan, contract, or arrangement was entered into or materially amended by the company in connection with Mr. Bretches’ appointment, and there was no grant or award made by the Company to Mr. Bretches or modification thereto under any such plan, contract, or arrangement in connection with his appointment.