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EX-10.1 - FORM OF PHANTOM UNIT AGREEMENT - CVR PARTNERS, LPd273395dex101.htm

 

 

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): December 20, 2011

CVR PARTNERS, LP

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-35120   56-2677689

(State or other jurisdiction

of incorporation)

  (Commission File Number)  

(I.R.S. Employer

Identification Number)

2277 Plaza Drive, Suite 500

Sugar Land, Texas 77479

(Address of principal executive offices,

including zip code)

Registrant’s telephone number, including area code: (281) 207-3200

 

 

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))

 

 

 


Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(e) Compensatory Arrangements of Certain Officers

On December 20, 2011, CVR Partners, LP (the “Partnership”) and two of its named executive officers, Byron R. Kelley and Randal T. Maffett, entered into amendments to the Phantom Unit Agreements outstanding with such officers. The amendments, in each case, provide for accelerated vesting of the awards in the event the executive is terminated by the Partnership, a subsidiary or parent without cause at any time on or following the date the executive reaches age 60.

In connection with the above-described amendments, the Partnership amended the form of Phantom Unit Agreement utilized for awards to named executive officers to incorporate the same provision. The new form of Phantom Unit Agreement is attached as Exhibit 10.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

10.1 Form of Phantom Unit Agreement.


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.

Date: December 23, 2011

 

CVR PARTNERS, LP
By:   CVR GP, LLC, its general partner
By:   /s/    EDMUND S. GROSS        
  Edmund S. Gross,
  Senior Vice President, General Counsel and
  Secretary