CRESTWOOD EQUITY PARTNERS LP (CEQP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Item5.02. Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers

Adoption of the Crestwood Nonqualified Deferred
Compensation Plan

On November10, 2016, the compensation committee of the board of
directors (the Board) of Crestwood Equity GP LLC, a Delaware
limited liability company (CEQP GP) and the general partner of
Crestwood Equity Partners LP, a Delaware limited partnership (the
Partnership) adopted the Crestwood Nonqualified Deferred
Compensation Plan (the Plan). The Plan is a nonqualified deferred
compensation plan under which designated eligible participants
may elect to defer compensation. Eligible participants include
select employees of the Partnership and members of the Board.

to the Plan and subject to applicable tax laws, participants may
elect to defer up to 50% of their base salary and up to 50% of
incentive compensation and equity grants earned. In addition to
elective deferrals, the Plan permits the Partnership and/or the
CEQP GP, as applicable, to make matching contributions and
discretionary contributions. Participants may elect to receive
payment of their vested account balances in a single cash payment
or in annual installments for a period of up to five (5)years.
Payments will be made on March15 of any year at least one year
after the deferral date, or upon separation from service. If a
participants employment terminates before the designated year,
payment is accelerated and paid in a lump sum. Compensation
deferred under the Plan represents an unsecured obligation of the
Partnership and or CEQP GP.

The foregoing description is not complete and is qualified in its
entirety by reference to the full text of the Plan, which is
filed as Exhibit 10.1 to this Current Report on Form 8-K and is
incorporated into this Item5.02 by reference.

Item9.01 Financial Statements and Exhibits

(d) Exhibits

About CRESTWOOD EQUITY PARTNERS LP (CEQP)