Form 8-K NGL Energy Partners LP For: Feb 05
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): February 5, 2018
NGL ENERGY PARTNERS LP
(Exact name of registrant as specified in its charter)
Delaware | 001-35172 | 27-3427920 | ||
(State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||
6120 South Yale Avenue
Suite 805
Tulsa, Oklahoma 74136
(Address of principal executive offices) (Zip Code)
(918) 481-1119
(Registrant’s telephone number, including area code)
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)) |
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 o | ||
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. o
Item 5.02. | Departure of Directors or Certain Officers; Election of Directors, Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
(b) On February 5, 2018, EMG I NGL GP Holdings, LLC ("EMG") notified NGL Energy Holdings LLC (the "General Partner"), the general partner of NGL Energy Partners LP (the “Partnership”), that, effective immediately, Patrick Wade will no longer serve as EMG's designated director on the Board of Directors of the General Partner.
(d) On February 5, 2018, EMG appointed L. John Schaufele IV as its designated directors to the Board of Directors of General Partner, effective immediately.
Mr. Schaufele is appointed as a director of the General Partner in accordance with EMG's rights pursuant to Section 9.02(d)(iii) of the Third Amended and Restated Limited Liability Company Agreement of NGL Energy Holdings LLC dated February 25, 2013, as amended. Since the beginning of the Partnership’s last fiscal year, there have been no transactions involving an amount exceeding $120,000 in which the Partnership was a participant and in which Mr. Schaufele had a direct or indirect material interest.
On February 9, 2018, the Partnership issued a press release announcing the appointment of Mr. Schaufele. The press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. | Description | |
99.1 | ||
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.
NGL ENERGY PARTNERS LP | |||
By: | NGL Energy Holdings LLC, | ||
its general partner | |||
Date: February 9, 2018 | By: | /s/ Robert W. Karlovich III | |
Robert W. Karlovich III | |||
Chief Financial Officer | |||
Exhibit 99.1
NGL Energy Partners Announces the Appointment of L. John Schaufele IV to Board of Directors
TULSA, Okla., February 9, 2018 (BUSINESS WIRE) - NGL Energy Partners LP (NYSE: NGL) announced today that L. John Schaufele IV, has been appointed to the board of directors of its general partner, NGL Energy Holdings LLC, effective February 5, 2018. Mr. Schaufele replaces Patrick G. Wade as a Director.
Mr. Schaufele has worked at The Energy & Minerals Group (EMG) since 2011. EMG is a private investment firm with $16 billion of Regulatory Assets Under Management that focuses on investing across various facets of the global natural resource industry including the upstream and midstream segments of the energy complex. Mr. Schaufele previously worked at a middle-market private equity investment firm and JPMorgan. Mr. Schaufele currently serves as a director of Ascent Resources, LLC, Heritage NonOp Holdings, LLC, Heritage Minerals Holdings, LLC, White Star Petroleum Holdings, LLC, and Utica Minerals Development, LLC. Mr. Schaufele brings extensive financial and industry experience to the board with 14 years of experience in the energy sector. Mr. Schaufele received a B.S. in Business and Accounting from Washington & Lee University.
About NGL Energy Partners LP
NGL Energy Partners LP is a Delaware limited partnership. NGL owns and operates a vertically integrated energy business with five primary businesses: water solutions, crude oil logistics, NGL logistics, refined products/renewables and retail propane. For further information, visit the Partnership's website at www.nglenergypartners.com.
Source: NGL Energy Partners LP
Contact
Trey Karlovich 918 481 1119
Executive Vice President and Chief Financial Officer
or
Linda Bridges 918 481 1119
Vice President - Finance and Treasurer