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 Ofcers; Election of
Directors; Appointment of Certain Ofcers; Compensatory
Arrangements of Certain Ofcers.

On May 10, 2017, Timothy A. Knox, to the terms of his existing
Employment Agreement, provided written notice to CSI Compressco
GP Inc., the general partner (the General Partner) of CSI
Compressco LP (the Partnership), of his desire not to enter into
an additional employment period upon the expiration of his
initial employment period on August 4, 2017.As a result, Mr.
Knoxs employment with the General Partner will terminate on
August 4, 2017 and he will have resigned from his positions as
President and a director of the General Partner effective as of
such date. The Partnership plans to promptly initiate a search
for a replacement for Mr. Knox and anticipates filling the
position in the near term.

On May 12, 2017 Ronald J. Foster and on May 15, 2017 C. Brad
Benge and Anthony D. Speer, all three of whom are executive
officers of the Partnership, entered into agreements with the
General Partner to terminate, effective August 4, 2017, their
respective Employment Agreements. The Employment Agreements were
entered into in 2014 in connection with the Partnerships
acquisition of Compressor Systems, Inc. and the initial
employment periods under the Employment Agreements were set to
expire on August 4, 2017. After August 4, 2017, all executive
officers employed by the General Partner, including Messrs.
Benge, Foster and Speer as well as Levent Caglar and Miguel Luna,
but excluding Mr. Knox, are expected to continue as at will
employees of the General Partner. Elijio Serrano is expected to
continue as the Chief Financial Officer of the Partnership. The
Mutual Termination of Employment Agreements are attached hereto
as Exhibits 10.1-10.3 and incorporated herein by reference.

On May 15, 2017, the General Partner offered a cash retention
award to Mr. Benge in the amount of $300,000, $100,000 payable
before May 26, 2017, and the remaining $200,000 payable on May
15, 2018, provided that Mr. Benge remains actively employed in
good standing on such dates. The cash retention award letter is
attached hereto as Exhibit 10.4 and incorporated herein by
reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

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.

CSI Compressco LP (NASDAQ:CCLP) Recent Trading Information

CSI Compressco LP (NASDAQ:CCLP) closed its last trading session down -0.15 at 6.78 with 183,374 shares trading hands.