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EX-10.1 - EX-10.1 - Crestwood Midstream Partners LP | h85417exv10w1.htm |
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 28, 2011
CRESTWOOD MIDSTREAM PARTNERS LP
(Exact name of registrant as specified in charter)
Delaware | 001-33631 | 56-2639586 | ||
(State of Incorporation or | (Commission File Number) | (IRS Employer Identification | ||
Organization) | No.) |
717 Texas Avenue, Suite 3150
Houston, TX 77002
(Address of principal executive offices) (Zip Code)
Houston, TX 77002
(Address of principal executive offices) (Zip Code)
(832) 519-2200
(Registrants telephone number, including area code)
(Registrants telephone number, including area code)
(Former name or former address, if changed since last report)
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:
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
o | 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. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(b) On September 29, 2011, Crestwood Midstream Partners LP (the Partnership) filed a Form
8-K disclosing that effective October 1, 2011, Terry Morrison, Senior Vice President of Business
Development of the Partnership, would no longer be employed by Crestwood Gas Services GP LLC, the
general partner of the Partnership. At that time, the Partnership and Mr. Morrison had not
negotiated or agreed to the terms of Mr. Morrisons separation arrangements. The Partnership is
filing this Form 8-K to report that the Partnership and Mr. Morrison have entered into a Separation
Agreement and Release (the Separation Agreement) effective October 28, 2011.
The Separation Agreement provides, among other things, that Mr. Morrisons services with the
Partnership (any references to the termination of employment with the Partnership includes any
employment relationship with Crestwood Gas Services GP LLC, in its capacity as the general partner
of the Partnership, Crestwood Holdings Partners, LLC and Crestwood Midstream Partners II, LLC)
terminated effective October 1, 2011. Mr. Morrison will receive an aggregate of $176,177, of which
$128,129 represents severance pay and $48,048 represents Mr. Morrisons year to termination date
participation in the 2011 Incentive Compensation Plan.
The Separation Agreement includes a release of all claims arising out of or relating to Mr.
Morrisons employment with the Partnership and the termination of that employment.
In accordance with the requirements of the federal Age Discrimination in Employment Act of
1967, as amended, the Separation Agreement provides that Mr. Morrison has the right to revoke the
Separation Agreement within seven days after signing it, and thus, the Separation Agreement is not
effective or enforceable until such seven day period has expired.
The foregoing description of the terms and conditions of the Separation Agreement does not
purport to be complete and is qualified in its entirety by reference to the Separation Agreement,
which is attached as Exhibit 10.1 to this Current Report and incorporated by reference as if fully
set forth herein
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit | ||||
Number | Description of Exhibit | |||
10.1 | Separation Agreement and Release, dated October 28, 2011,
by and among Crestwood Midstream Partners, LP, Crestwood
Gas Services GP LLC, Crestwood Holdings Partners, LLC,
Crestwood Midstream Partners II, LLC, and Terry L. Morrison |
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Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has
duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CRESTWOOD MIDSTREAM PARTNERS LP |
||||
By: | Crestwood Gas Services GP LLC | |||
its general partner | ||||
Date: November 1, 2011 | By: | /s/ William G. Manias | ||
William G. Manias | ||||
Senior Vice President and Chief Financial Officer | ||||
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