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.

As previously disclosed in the Current Report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on May 15, 2017, Timothy A. Knox notified CSI Compressco GP Inc., the general partner (the “General Partner”) of CSI Compressco LP (the “Partnership”), of his desire not to renew his employment agreement upon termination of his initial employment period.Mr. Knox has resigned as President and a director of the General Partner, effective August 6, 2017.Mr. Knox will remain employed by the General Partner for a short period of time in connection with the transition of his duties at his current rate of compensation.

On August 1, 2017, Stuart M. Brightman, the President and Chief Executive Officer of TETRA Technologies, Inc. (“TETRA”), and Chairman of the Board of Directors of the General Partner, was appointed as President of the General Partner, effective as of August 6, 2017, to serve until a permanent replacement for Mr. Knox is appointed.

Mr. Brightman, 61, has served as TETRA’s President and Chief Executive Officer since May 2009, at which time he was also elected as a director of TETRA. He served as Executive Vice President and Chief Operating Officer of TETRA from April 2005 through May 2009. Mr. Brightman also serves as Chairman of the Board of Directors of the General Partner, which is a subsidiary of TETRA.From April 2004 to April 2005, Mr. Brightman was self-employed. Mr. Brightman served as president of the Dresser Flow Control division of Dresser, Inc., a public company, from April 2002 until April 2004.Dresser Flow Control, which manufactures and sells valves, actuators, and other equipment and provides related technology and services for the oil and gas industry, had revenues in excess of $400 million in 2004. From November 1998 to April 2002, Mr. Brightman was president of the Americas Operation of the Dresser Valve Division of Dresser, Inc.He served in other capacities during the earlier portion of his career with Dresser, from 1993 to 1998. From 1982 to 1993, Mr. Brightman served in several financial and operational positions with Cameron Iron Works and its successor, Cooper Oil Tools. Mr. Brightman also serves on the board of directors of C&J Energy Services, Inc., a public company. Mr. Brightman received his B.S. degree from the University of Pennsylvania and his Master of Business Administration degree from the Wharton School of Business.

As an employee of TETRA, Mr. Brightman will not receive any additional compensation for his duties performed as President for the General Partner.There are no arrangements or understandings between Mr. Brightman and any other person to which he was appointed as an officer of the General Partner.For relationships among the Partnership, the General Partner, TETRA and its affiliates, please read Item 13 “Certain Relationships and Related Transactions, and Director Independence,” which is incorporated herein by reference to the Partnership’s Annual Report on Form 10-K for the year ended December 31, 2016, filed with the SEC on February 28, 2017.

Mr. Brightman will be indemnified by the General Partner to the Certificate of Incorporation and Bylaws of the General Partner and by the Partnership to the Second Amended and Restated Agreement of Limited Partnership of the Partnership, as amended, for actions associated with being an officer of the General Partner.The Partnership previously entered into an Indemnification Agreement with Mr. Brightman in his role as a director of the General Partner in the same form as the Partnership offers to all of its directors and executive officers.A copy of the form of the Indemnification Agreement is filed as Exhibit 10.5 to the Partnership’s Registration Statement on Form S-1/A (Registration No. 333-155260) filed on May 27, 2011 and incorporated in this Item 5.02 by reference.

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.