CSI Compressco LP (NASDAQ:CCLP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 22, 2019, Stuart M. Brightman informed the Board of Directors of CSI Compressco GP Inc. (the “General Partner”), the general partner of CSI Compressco LP (the “Partnership”), of his intent to retire as Chairman and as a member of the Board of Directors of the General Partner, effective immediately following the Annual Meeting of Stockholders (the “Annual Meeting”) of TETRA Technologies, Inc. (“TETRA”) on May 3, 2019.Mr. Brightman’s decision to retire was not the result of any dispute or disagreement with the Partnership or the General Partner.
Item 7.01. Regulation FD Disclosure.
On February 25, 2019, TETRA, which is the owner of the General Partner, announced that Stuart M. Brightman will retire from his position as Chief Executive Officer of TETRA immediately following the Annual Meeting on May 3, 2019.Mr. Brightman has been nominated as a candidate for election as a director of TETRA at the Annual Meeting and it is anticipated that Mr. Brightman will continue as a non-executive employee of TETRA on terms to be agreed upon.
About CSI Compressco LP (NASDAQ:CCLP)
CSI Compressco LP, formerly Compressco Partners, L.P., is a provider of compression services and equipment for natural gas and oil production, gathering, transportation, processing and storage. The Company sells custom-designed compressor packages and oilfield fluid pump systems, and provides aftermarket services and compressor package parts and components manufactured by third-party suppliers. It provides these compression services and equipment to a base of natural gas and oil exploration and production, midstream and transmission companies operating throughout many of the onshore producing regions of the United States, as well as in a number of foreign countries, including Mexico, Canada and Argentina. It is a service provider of natural gas compression services in the United States, utilizing its fleet of compressor packages that employs a spectrum of low-, medium- and high-horsepower engines.