Buckeye Partners, L.P. (NYSE:BPL) Files An 8-K Submission of Matters to a Vote of Security Holders

ME Staff 8-k

7 years ago

Buckeye Partners, L.P. (NYSE:BPL) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07(d) of Form 8-K, the Partnerships decision as to how frequently the Partnership will conduct future unitholder advisory votes regarding named executive compensation. No other amendments to the Original 8-K are being made by this Amendment.

Item 5.07. Submission of Matters to a Vote of Security Holders.

(d) As previously reported in the Original 8-K, the Partnership held an advisory vote on the frequency of a unitholder vote on executive compensation at the Annual Meeting on June 6, 2017. The Partnerships unitholders recommended holding an advisory vote on executive compensation every year. Consistent with the voting results, the Board of Directors (the Board) of Buckeye GP LLC, the general partner of the Partnership, has determined that the Partnership will hold future advisory votes on executive compensation every year until the next required advisory vote on the frequency of unitholder advisory votes on executive compensation, which shall be no later than the Partnerships annual meeting in 2023.

About Buckeye Partners, L.P. (NYSE:BPL)
Buckeye Partners, L.P. (Buckeye) owns and operates a network of integrated assets providing midstream logistic solutions, primarily consisting of the transportation, storage and marketing of liquid petroleum products. The Company operates through three segments: Domestic Pipelines & Terminals, Global Marine Terminals and Merchant Services. It is also an independent terminalling and storage operator in the United States in terms of capacity available for service. The Company’s terminal network comprises approximately 120 liquid petroleum products terminals with aggregate storage capacity of over 110 million barrels across its portfolio of pipelines, inland terminals and marine terminals located primarily in the East Coast and Gulf Coast regions of the United States and in the Caribbean. The Company’s marine terminal in The Bahamas, Bahamas Oil Refining Company International Limited (BORCO) provides an array of logistics and blending services for petroleum products.