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): September 1, 2019
(Exact name of registrant as specified in its charter)
|
|
|
|
|
(State or Other Jurisdiction of
|
(Commission File Number)
|
(I.R.S. Employer
|
|
Incorporation or Organization)
|
Identification No.)
|
|
(Address of Principal Executive Offices, including Zip Code)
|
|
(
(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 (see General Instruction A.2. below):
☐ 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 Securities Exchange Act of 1934:
|
Title of Each Class
|
Trading Symbol(s)
|
Name of Each Exchange On Which Registered
|
|
|
|
|
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.
|
Effective September 1, 2019, the board of directors of Enterprise Products Holdings LLC, the general partner (“Enterprise GP”) of Enterprise
Products Partners L.P. (the “Partnership”), (i) elected Brent B. Secrest to serve as Executive Vice President and Chief Commercial Officer of Enterprise GP and (ii) elected Graham W. Bacon to serve as Executive Vice President and Chief Operating
Officer of Enterprise GP.
Mr. Secrest (age 46) most recently served as Senior Vice President (Commercial) of Enterprise GP from July 2018 to August 2019. He previously
served as Senior Vice President (Liquid Hydrocarbons Marketing) of Enterprise GP from May 2016 to June 2018, as Vice President (Crude Oil and Refined Products Marketing) from October 2015 to May 2016 and as Vice President (Crude Oil Pipelines and
Terminals) from October 2012 to October 2015. He has also served the Partnership and its affiliates in various other leadership positions, including in the areas of NGL marketing and supply, commercial development, distribution, and business
analysis. Mr. Secrest has over 20 years of experience in the energy industry and began his career at Basis Petroleum Inc. prior to joining the Partnership’s predecessor in 1996.
Mr. Bacon (age 56) most recently served as Executive Vice President (Operations and Engineering) of Enterprise GP from October 2015 to August 2019
and continues to have responsibility for the Partnership’s operations and engineering teams in his new role. He previously served as Group Senior Vice President (Operations and Environmental, Health, Safety & Training) from February 2014 to
October 2015; as Senior Vice President (Operations) from January 2012 to February 2014; as Vice President (Operations) from June 2006 to January 2012, and as Vice President (Engineering) from September 2005 to May 2006. He joined the Partnership’s
predecessor in 1991 and has held a variety of operations and engineering roles. Prior to joining the Partnership and its affiliates, Mr. Bacon worked for Vista Chemical Company.
On September 3, 2019, the Partnership issued a press release announcing several officer elections, including those of Mr. Secrest and Mr. Bacon.
A copy of the press release is attached as Exhibit 99.1 to this report and is incorporated by reference herein.
| Item 9.01 |
Financial Statements and Exhibits.
|
(d) Exhibits.
|
Exhibit No.
|
Description
|
|
104
|
Cover Page Interactive Data File (embedded within the Inline XBRL document).
|
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.
|
ENTERPRISE PRODUCTS PARTNERS L.P.
|
|||
|
By:
|
Enterprise Products Holdings LLC,
its General Partner
|
||
|
Date: September 3, 2019
|
By:
|
/s/ R. Daniel Boss
|
|
|
Name:
|
R. Daniel Boss
|
||
|
Title:
|
Senior Vice President - Accounting and Risk Control
of the General Partner
|
||
|
By:
|
/s/ Michael W. Hanson
|
||
|
Name:
|
Michael W. Hanson
|
||
|
Title:
|
Vice President and Principal Accounting Officer
of the General Partner
|
||
2
 |
Exhibit 99.1
|
ENTERPRISE ANNOUNCES PROMOTIONS
Houston, Texas
(September 3, 2019) -- Enterprise Products Partners L.P. (NYSE: EPD) (“Enterprise”) today announced the following promotions and new officers,
effective immediately:
|
|
■
|
Graham W. Bacon was elected Executive Vice President and Chief Operating Officer. Mr. Bacon has been with the company for
28 years, during which time he has provided valuable technical expertise and leadership that have been instrumental in the growth of Enterprise’s midstream network. An officer in the U.S. Navy Reserve, he also oversees the company’s
successful environmental, health and safety programs. Mr. Bacon holds a bachelor’s degree in Chemical Engineering from Texas A&M University, as well as an MBA from Oklahoma City University.
|
|
|
■
|
Brent B. Secrest has been elected Executive Vice President and Chief Commercial Officer. In his 16 years with Enterprise,
Mr. Secrest has held various leadership positions and most recently served as Senior Vice President, Commercial. He has played a key role in generating business for assets across the partnership’s integrated value chain. Mr. Secrest holds
a bachelor’s degree in Finance from Middle Tennessee State University.
|
|
|
■
|
Robert E. “Bob” Moss has been promoted to Senior Vice President, Houston Region Operations. Mr. Moss, who joined the
company in 1993, has led Enterprise’s Houston Region operations, including its Mont Belvieu complex, for the past 11 years. He earned a bachelor’s degree in Chemical Engineering from Texas A&M University.
|
|
|
■
|
Michael C. “Tug” Hanley has been elected Senior Vice President, Pipelines and Terminals. Since joining Enterprise in
2006, Mr. Hanley has held numerous positions of increasing responsibility within the Distribution and Commercial functions, serving most recently as Vice President, Pipelines & Terminals. He earned a bachelor’s degree in Finance from
the University of Montana.
|
|
|
■
|
Kevin M. Ramsey has been promoted to Senior Vice President, Capital Projects. In that role, Mr. Ramsey leads a team that
manages approximately $6 billion of growth capital projects currently under construction to expand Enterprise’s asset base. He joined the company in 2007 and holds a bachelor’s degree in Mechanical Engineering from New Mexico State
University.
|
|
|
■
|
Natalie K. Gayden has been named Senior Vice President, Natural Gas. Ms. Gayden, who most recently served as Vice
President, Distribution Services, joined Enterprise in 2008. During that time, she has held positions of increasing responsibility in various engineering and distribution roles. She earned a bachelor’s degree in Chemical Engineering from
Louisiana State University.
|
|
|
■
|
Carrie L. Weaver has been promoted to Vice President, Eastern Region Pipelines. She joined Enterprise in 2013 and served
most recently as Director, West Texas. Ms. Weaver has a bachelor’s degree in Chemical Engineering/Chemistry from Virginia Polytechnic Institute and State University.
|
|
|
■
|
Yvette M. Longonje has been promoted to Vice President, Distribution Services. Ms. Longonje has been with Enterprise
since 2014, serving most recently as Senior Director, Eastern Region Pipelines. She holds a bachelor’s degree in Chemical Engineering from Howard University.
|
“I am pleased to recognize these individuals for their contributions to the success of the partnership and look
forward to their continued leadership in driving Enterprise’s future growth and building value for our investors,” said A.J. “Jim” Teague, chief executive officer of Enterprise’s general partner. “We have one of the deepest benches of talented,
dedicated and creative employees in the energy industry, which has been key to our success and establishing Enterprise as a midstream leader.”
Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North
American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Our services include: natural gas gathering, treating, processing, transportation and storage; NGL
transportation, fractionation, storage and import and export terminals; crude oil gathering, transportation, storage and terminals; petrochemical and refined products transportation, storage and terminals; and a marine transportation business that
operates primarily on the United States inland and Intracoastal Waterway systems. The partnership’s assets currently include approximately 50,000 miles of pipelines; 260 million barrels of storage capacity for NGLs, crude oil, petrochemicals and
refined products; and 14 billion cubic feet of natural gas storage capacity.
This press release includes “forward-looking statements” as defined by
the Securities and Exchange Commission. All statements, other than statements of historical fact, included herein that address activities, events, developments or transactions that Enterprise and its general partner expect, believe or anticipate will
or may occur in the future are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from expectations, including required approvals by regulatory
agencies, the possibility that the anticipated benefits from such activities, events, developments or transactions cannot be fully realized, the possibility that costs or difficulties related thereto will be greater than expected, the impact of
competition, and other risk factors included in Enterprise’s reports filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. Except
as required by law, Enterprise does not intend to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
Contacts: Randy Burkhalter, Investor Relations, (713) 381-6812 or (866) 230-0745
Rick Rainey, Media Relations (713) 381-3635
2