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): January 15,
2009
Commission
File No. 001-10403
TEPPCO
Partners, L.P.
(Exact name of
Registrant as specified in its charter)
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Delaware
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76-0291058
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(State
or other jurisdiction
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(I.R.S.
Employer
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of incorporation)
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Identification
Number)
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1100
Louisiana Street, Suite 1300
Houston,
Texas 77002
(Address
of principal executive offices, including zip code)
(713)
381-3636
(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:
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¨
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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¨
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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¨
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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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¨
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item 5.02
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Departure
of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain
Officers.
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On
January 15, 2009, William G. Manias notified us of his resignation as Chief
Financial Officer and Vice President of Texas Eastern Products
Pipeline Company, LLC (the “General Partner”), the general partner of TEPPCO
Partners, L.P. (the “Partnership”), effective immediately. Mr. Manias was our
principal financial and accounting officer. The Partnership and Mr. Manias
remain in discussions with respect to the terms of his departure.
Effective
January 15, 2009, the Board of Directors of the General Partner appointed Tracy
E. Ohmart as Acting Chief Financial Officer. In that capacity, Mr.
Ohmart will serve as the Partnership’s prinicpal financial and accounting
officer. Mr. Ohmart, age 41, will continue to serve as Controller and
Assistant Treasurer in addition to his duties as Acting Chief Financial Officer
and is not expected to receive additional compensation for his service as Acting
Chief Financial Officer. Mr. Ohmart has served as Controller of the
General Partner since May 2002 and as Assistant Treasurer since February
2007, and served as Acting Chief Financial Officer of the General Partner from
July 2005 until January 2006. Mr. Ohmart joined the General
Partner in January 2001 and held various positions until he became
Assistant Controller in May 2001.
A copy of
the news release relating to this disclosure is furnished herewith as Exhibit
99.1.
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Item 9.01
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Financial
Statements and Exhibits
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(d)
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Exhibits
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99.1
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Press
Release of TEPPCO Partners, L.P., dated January 16,
2009.
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SIGNATURE
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.
TEPPCO Partners, L.P.
(Registrant)
By: Texas Eastern Products Pipeline
Company, LLC
General
Partner
Date: January
16,
2009 /s/ PATRICIA A.
TOTTEN
Patricia A. Totten
Vice President, General Counsel and
Secretary
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Exhibit
99.1
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January
16, 2009
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CONTACTS:
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Investor Relations - Mark G. Stockard |
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Phone: (713)
381-4707
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Toll
Free: (800) 659-0059
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Media
Relations - Rick Rainey
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Phone: (713)
381-3635
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TEPPCO
PARTNERS, L.P. CHIEF FINANCIAL OFFICER RESIGNS
HOUSTON –
TEPPCO Partners, L.P. (NYSE:TPP) today announced that William G. Manias has
resigned as vice president and chief financial officer (CFO) of its general
partner, Texas Eastern Products Pipeline Company, LLC, effective January 15,
2009. Tracy E. Ohmart has been named acting CFO.
“On
behalf of the partnership, I would like to thank Bill for his leadership and
contributions as we have expanded our business segments, increased service
offerings to customers and continued to build value for our investors,” said
Jerry E. Thompson, president and chief executive officer for TEPPCO’s general
partner. “We wish Bill all the best in his future
endeavors.”
TEPPCO
Partners, L.P., is a publicly traded partnership with operations that span much
of the continental United States. TEPPCO owns and operates an
extensive network of assets that facilitate the movement, marketing, gathering
and storage of various commodities and energy-related products. The
partnership’s midstream network is comprised of approximately 12,500 miles of
pipelines that gather and transport refined petroleum products, crude oil,
natural gas, liquefied petroleum gases (LPGs) and natural gas liquids, including
one of the largest common carrier pipelines for refined
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Page
2
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petroleum
products and LPGs in the United States. TEPPCO’s storage assets
include approximately 27 million barrels of capacity for refined petroleum
products and LPGs and about 14 million barrels of capacity for crude
oil. TEPPCO also owns a marine business that transports refined
petroleum products, crude oil and lube products via tow boats and tank barges
that operate primarily on the United States inland and Intracoastal Waterway
systems, and in the Gulf of Mexico. For more information, visit
TEPPCO’s website (www.teppco.com). Texas Eastern Products Pipeline
Company, LLC, the general partner of TEPPCO Partners, L.P., is owned by
Enterprise GP Holdings (NYSE: EPE).