ENTERPRISE PRODUCTS PARTNERS L.P. (NYSE:EPD) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As previously disclosed, effective as of October 1, 2014, (i) Marquard & Bahls, AG (“M&B”) selected Dr. F. Christian Flach as M&B’s designee (the “M&B Designee”) for appointment to the board of directors (the “Board”) of Enterprise Products Holdings LLC, the general partner of Enterprise Products Partners L.P. (the “Partnership”) to the Contribution and Purchase Agreement dated as of October 1, 2014 (the “Purchase Agreement”), by and among the Partnership, Oiltanking Holding Americas, Inc. and OTB Holdco, LLC, and (ii) Dan Duncan LLC (“DDLLC”), the sole member of the Partnership’s general partner, appointed Dr. Flach as a member of the Board.
On November 8, 2017, M&B notified DDLLC and the Board that Dr. Flach has decided to resign from the Board. Dr. Flach confirmed his resignation effective as of November 10, 2017. Although M&B has indicated that it reserves the right to select a replacement M&B Designee to the Purchase Agreement, M&B has not selected a replacement at this time.
About ENTERPRISE PRODUCTS PARTNERS L.P. (NYSE:EPD)
Enterprise Products Partners L.P. (Enterprise) is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company’s segments include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. The Company’s midstream energy operations include natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage, and import and export terminals, including liquefied petroleum gas (LPG); crude oil gathering, transportation, storage and terminals; offshore production platforms; petrochemical and refined products transportation, storage and terminals, and related services, and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems and in the Gulf of Mexico.