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EX-99.1 - EX-99.1 - Southcross Energy Partners, L.P.a13-9265_1ex99d1.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): April 2, 2013

 

Southcross Energy Partners, L.P.

(Exact name of registrant as specified in its charter)

 

Delaware

 

001-35719

 

45-5045230

(State or other jurisdiction

 

(Commission

 

(IRS Employer

of incorporation or

organization)

 

File Number)

 

Identification No.)

 

1700 Pacific Avenue

Suite 2900

Dallas, Texas 75201

(Address of principal executive office) (Zip Code)

 

(214) 979-3700

(Registrants’ 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:

 

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))

 

 

 



 

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

 

On April 1, 2013, Bruce A. Williamson was elected to the Board of Directors (the “Board”) of Southcross Energy Partners GP, LLC (the “General Partner”), the general partner of Southcross Energy Partners, L.P. (the “Partnership”). In addition, Mr. Williamson was appointed to serve on the Audit Committee, the Compensation Committee, and the Conflicts Committee of the Board.

 

The Board has determined that Mr. Williamson is an independent director within the rules of the NYSE and Rule 10A-3 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).

 

Mr. Williamson will participate in the Partnership’s Non-Employee Director Compensation Arrangement, a copy of which is set forth in the Partnership’s Current Report on Form 8-K filed with the Securities and Exchange Commission on January 16, 2013.  In addition, pursuant to the Partnership’s Non-Employee Director Deferred Compensation Plan, under which the non-employee directors of the General Partner may defer receipt of the compensation payable to them for service as directors, Mr. Williamson was issued 2,993 of the Partnership’s phantom units as a result of his election to defer the approximately $75,000 in common units issuable to him under the Partnership’s Non-Employee Director Compensation Arrangement.

 

The Partnership issued a press release regarding Mr. Williamson’s appointment to the Board, a copy of which is furnished as Exhibit 99.1 to this Current Report on Form 8-K.  Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that Section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act.

 

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Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit

 

 

Number

 

Description

99.1

 

Press Release of Southcross Energy Partners, L.P. dated April 2, 2013.

 

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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.

 

 

 

Southcross Energy Partners, L.P.

 

 

 

 

 

 

 

 

 

 

By:

Southcross Energy Partners GP, LLC,

 

 

 

its general partner

 

 

 

 

 

 

 

 

Dated: April 2, 2013

 

By:

/s/ J. Michael Anderson

 

 

 

Name:

J. Michael Anderson

 

 

 

Title:

Senior Vice President and Chief Financial Officer

 

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EXHIBIT INDEX

 

Exhibit
Number

 

Description

99.1

 

Press Release of Southcross Energy Partners, L.P. dated April 2, 2013.

 

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