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): August 28, 2012
DCP MIDSTREAM PARTNERS, LP
(Exact name of registrant as specified in its charter)
| Delaware | 001-32678 | 03-0567133 | ||
| (State or other jurisdiction of incorporation) |
(Commission File No.) |
(IRS Employer Identification No.) |
370 17th Street, Suite 2775
Denver, Colorado 80202
(Address of principal executive offices) (Zip Code)
(303) 633-2900
(Registrant’s telephone number, including area code)
Not Applicable
(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:
| ¨ | 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 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.
The Compensation Committee of DCP Midstream, LLC (“DCP Midstream”), the owner of DCP Midstream GP, LLC (the “General Partner”), the ultimate general partner of DCP Midstream Partners, LP (the “Partnership”), has approved an increase in the base salary of William S. Waldheim, the recently appointed President of the General Partner effective September 1, 2012, from $360,500 annually to $385,000 annually and an increase in Mr. Waldheim’s incentive opportunity under the DCP Midstream long term incentive plan from 115% of his base salary to 125% of his base salary. DCP Midstream will pay Mr. Waldheim’s compensation for the remainder of 2012 and the Partnership will pay Mr. Waldheim’s compensation commencing in 2013.
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.
Dated: August 29, 2012
| DCP MIDSTREAM PARTNERS, LP | ||||||
| By: | DCP MIDSTREAM GP, LP, | |||||
| its General Partner | ||||||
| By: | DCP MIDSTREAM GP, LLC, | |||||
| its General Partner | ||||||
| By: | /s/ Michael S. Richards | |||||
| Name: | Michael S. Richards | |||||
| Title: | Vice President, General Counsel, and Secretary | |||||