Enviva Partners, LP (NYSE:EVA) 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 December1, 2016, Enviva Management Company, LLC (Enviva
Management), an affiliate of Enviva Partners, LP (the
Partnership), entered into an amended and restated employment
agreement with John K. Keppler, Chairman, President and Chief
Executive Officer of Enviva Partners GP, LLC (the General
Partner).
Enviva Managements First Amended and Restated Employment
Agreement with Mr.Keppler (the Employment Agreement) provides for
an annualized base salary of $535,000 (the Adjusted Base Salary),
a target annual bonus equal to a minimum of 150% of the Adjusted
Base Salary and a target annual award under the Partnerships
Long-Term Incentive Plan of 250% of the Adjusted Base Salary.
Except for the foregoing, the terms of the Employment Agreement
remain substantively consistent with the terms of Mr.Kepplers
pre-existing employment agreement. The foregoing description of
the Employment Agreementdoes not purport to becomplete and is
qualified in its entirety by reference to the full text of such
agreement (Exhibit10.1 to this Current Report on Form8-K).
Item 9.01. Financial Statements and
Exhibits.
Exhibits.
|
Exhibit Number |
|
Description |
|
10.1 |
First Amended and Restated Employment Agreement between |
About Enviva Partners, LP (NYSE:EVA)
Enviva Partners, LP is a producer of wood pellets. The Company, through its interests in Enviva, LP and Enviva GP, LLC, supplies utility-grade wood pellets to power generators under long-term, take-or-pay off-take contracts. The Company procures wood fiber and processes it into utility-grade wood pellets. The Company loads the finished wood pellets into railcars, trucks and barges that are transported to deep-water marine terminals, where they are received, stored and ultimately loaded onto oceangoing vessels for transport to its Northern European customers. The Company owns and operates approximately six production plants in the Southeastern United States that have a combined wood pellet production capacity of approximately 2.3 million metric tons per year (MTPY). Wood pellets are exported from a deep-water marine terminal in Chesapeake, Virginia and from third-party deep-water marine terminals in Mobile, Alabama and Panama City, Florida under long-term contracts. Enviva Partners, LP (NYSE:EVA) Recent Trading Information
Enviva Partners, LP (NYSE:EVA) closed its last trading session down -0.15 at 28.05 with 63,132 shares trading hands.