GREEN PLAINS PARTNERS LP (NASDAQ:GPP) 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 Arrangement of Certain Officers.
(b)On November 30, 2018, our parent, Green Plains Inc. (the “Company”) accepted Jeff Briggs’ resignation as chief operating officer and president, Green Plains ethanol for both the Company and Green Plains Partners LP effective December 31, 2018, to pursue other opportunities. In addition, Mr. Briggs resigned as a director of Green Plains Holding LLC, the general partner of Green Plains Partners LP. Mr. Briggs’ resignation was not because of any disagreement with the Company. Mr. Briggs’ responsibilities will be allocated among other officers and employees of the Company.
About GREEN PLAINS PARTNERS LP (NASDAQ:GPP)
Green Plains Partners LP provides fee-based fuel storage and transportation services by owning, operating, developing and acquiring ethanol and fuel storage tanks, terminals, transportation assets and other related assets and businesses. The Company’s parent company is Green Plains Inc. (Green Plains). The Company was formed by Green Plains, a vertically integrated ethanol producer, to support its marketing and distribution activities as its primary downstream logistics provider. The Company’s ethanol storage assets are the principal method of storing the ethanol produced at its parent’s ethanol production plants. The Company owns approximately 30 ethanol storage facilities and approximately 50 acres of land. The Company’s storage tanks are located at its parent’s ethanol production plants. The Company’s ethanol storage tanks have combined storage capacity of approximately 31.8 million gallons (mmg) and an aggregate throughput capacity of approximately 1,670 million gallons per year.
