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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): October 12, 2006
ENTERPRISE PRODUCTS PARTNERS L.P.
(Exact Name of Registrant as Specified in Its Charter)
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Delaware
(State or Other Jurisdiction of
Incorporation or Organization)
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1-14323
(Commission
File Number)
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76-0568219
(I.R.S. Employer
Identification No.) |
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1100 Louisiana, Houston, Texas
(Address of Principal Executive Offices)
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77002
(Zip Code) |
(713) 381-6500
(Registrants 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 (see General Instruction
A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)) |
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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 Principal Officers; Election of Directors; Appointment of
Principal Officers.
(d) On October 12, 2006, the sole member of Enterprise Products GP, LLC, the general partner
of Enterprise Products Partners L.P., elected two new directors, Charles M. Rampacek and Rex Ross,
to replace Stephen L. Baum and Philip C. Jackson, who resigned on October 10, 2006 and October 12,
2006, respectively.
In connection with these changes, the board of directors of Enterprise Products GP, LLC has
elected Mr. Rampacek and Mr. Ross to the Audit and Conflicts Committee and elected E. William Barnett
as chairman of the Audit and Conflicts Committee. The board has also determined that both Mr.
Rampacek and Mr. Ross meet the independence, qualification and experience requirements of the New
York Stock Exchange and Securities and Exchange Commission.
Item 7.01.
Regulation FD Disclosure.
Enterprise Products Partners L.P. issued a press release dated October 16, 2006 regarding the
director changes discussed above. A copy of the press release dated October 16, 2006 is furnished
herewith as Exhibit 99.1.
The information in the press release attached as Exhibit 99.1 is furnished and not filed
for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the
liabilities of that section. It may only be incorporated by reference in another filing under the
Securities Exchange Act of 1934 or the Securities Act of 1933 if and to the extent such subsequent
filing specifically references the information incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
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Exhibit Number |
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Exhibit |
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99.1 |
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Press release issued on October 16, 2006. |
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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.
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ENTERPRISE PRODUCTS PARTNERS L.P.
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By: Enterprise Products GP, LLC, as general partner
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Date: October 16, 2006 |
By: |
/s/ Michael J. Knesek
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Michael J. Knesek |
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Senior Vice President, Controller
and Principal Accounting Officer
of Enterprise Products GP, LLC |
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EXHIBIT INDEX
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Exhibit Number |
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Exhibit |
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99.1 |
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Press release issued on October 16, 2006. |
exv99w1
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Enterprise Products Partners L.P.
P.O. Box 4324
Houston, TX 77210
(713) 381-6500 |
Enterprise Elects Ross and Rampacek to its Board of Directors
Houston, Texas (Oct. 16, 2006) Enterprise Products Partners L.P. (NYSE:EPD) today
announced that its general partner, Enterprise Products GP, LLC has elected Rex Ross and Charles M.
(Charlie) Rampacek to its Board of Directors effective Oct. 12, 2006. Messrs. Ross and Rampacek
assume director positions previously held by Philip C. Jackson and Stephen L. Baum.
Mr. Ross currently serves as non-executive chairman of Schlumberger Technology Corporation,
the holding company for all Schlumberger Limited assets and entities in the United States. Prior
to his executive retirement from Schlumberger Limited in May 2004, he held a number of executive
management positions during his 11-year career with the company, including president of
Schlumberger Oilfield Services North America, president, Schlumberger GeoQuest and president of
SchlumbergerSema North & South America. In 1984, Mr. Ross founded GeoQuest Systems, which
provides oil companies with integrated exploration and development software, data support,
analytical services and management solutions. GeoQuest was acquired by Schlumberger in 1993. Mr.
Ross holds a bachelors degree in electrical engineering from Massachusetts Institute of Technology
and a masters degree in engineering science (a joint program between the business school and
computer science department) from Stanford University.
Charlie Rampacek brings nearly 40 years of petroleum and energy industry experience to the
Enterprise board, serving most recently as the chairman, chief executive officer and president of
Probex Corporation, an energy technology company that developed a proprietary used oil recovery
process. Prior to joining Probex, Mr. Rampacek was the president and chief executive officer for
Lyondell-Citgo Refining L.P. from January 1996 through August 2000. His extensive management
background in the energy transportation and refining sectors also includes 13 years with Tenneco,
Inc. and its energy-related subsidiaries, serving as president of Gas Pipeline Transportation and
senior vice president of Refining and Supply. In addition, Mr. Rampacek spent 16 years
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with Exxon Company USA, where he served as planning manager of Refining, planning manager of
Coal and Synthetic Fuels, as well as operations and technical manager of the Benicia, California
refinery. Mr. Rampacek has been a director of Flowserve Corporation since 1998. He holds a
bachelors degree in chemical engineering from the University of Alabama and a masters degree in
chemical engineering from the University of Texas.
Enterprise Chairman Dan L. Duncan said, Rex and Charlie bring a wealth of technical,
operational and managerial experience from across the energy industry and we are pleased to welcome
them to our board.
Messrs. Jackson and Baum, in submitting their resignations recently, cited the growing
complexity and time demands required by Enterprises business. On behalf of the board, I offer my
sincere appreciation to Philip and Stephen for their service and contributions to Enterprise and
wish them well in their future endeavors, Duncan said.
The position of chairman of the Audit and Conflicts Committee held by Mr. Jackson will be
assumed by current board member E. William Barnett. Messrs. Rampacek and Ross will also serve as
members of the Audit and Conflicts Committee and the company has determined that both meet the
independence, qualification and experience requirements of the New York Stock Exchange and
Securities and Exchange Commission.
Enterprise Products Partners L.P. is one of the largest publicly traded energy partnerships
with an enterprise value of approximately $16 billion, and is a North American provider of
midstream energy services to producers and consumers of natural gas, NGLs and crude oil.
Enterprise transports natural gas, NGLs and crude oil through more than 34,000 miles of onshore and
offshore pipelines. Services include natural gas transportation, gathering, processing and
storage; NGL fractionation (or separation), transportation, storage, and import and export
terminaling; crude oil transportation and offshore production platform services. For more
information, visit Enterprise on the web at www.epplp.com. Enterprise Products Partners
L.P. is managed by its general partner, Enterprise Products GP LLC, which is wholly owned by
Enterprise GP Holdings L.P. (NYSE: EPE). For more information on Enterprise GP Holdings L.P.,
visit its website at www.enterprisegp.com.
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Contacts: |
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Randy Burkhalter, Investor Relations,
Enterprise Products Partners L.P.
(713) 381-6812 or toll-free (866) 230-0745
Rick Rainey, Media Relations,
Enterprise Products Partners L.P.
(713) 381-3635 |
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