Hi-Crush Partners LP (NYSE:HCLP) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07.
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Submission of Matters to a Vote of Security Holders
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commenced its special meeting of unitholders (the Special
Meeting) as previously scheduled and then adjourned the meeting
due to lack of the requisite quorum. The Special Meeting was
adjourned to allow unitholders additional time to vote on the
proposal to amend and restate the Partnerships Long-Term
Incentive Plan (the LTIP Proposal) described in the Partnerships
proxy statement filed by the Partnership with the Securities
Exchange Commission on October 21, 2016.
at 10:00 a.m. Central Standard Time, at Three Riverway, Houston,
Texas 77056. The record date for unitholders entitled to vote at
the Special Meeting remains October 10, 2016. Unitholders who
have already voted do not need to recast their votes. Proxies
previously submitted in respect of the Special Meeting will be
voted at the adjourned meeting unless properly revoked. In order
to have quorum at the Special Meeting, more than 50% of the
Partnerships outstanding common units on the record date must be
present in person or by proxy.
Meeting was the proposal to approve the adjournment of the
special meeting to a later date or dates, if necessary or
appropriate, to solicit additional proxies in the event there are
not sufficient votes at the time of the special meeting to
approve the LTIP Proposal (the Adjournment Proposal). Voting
results at the Special Meeting for the Adjournment Proposal are
set forth below:
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Votes For
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Votes Against
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Abstentions
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Broker Non-Votes
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28,764,314
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1,383,078
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294,486
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announcing the adjournment of the Special Meeting and related
matters, which is attached as Exhibit 99.1 and incorporated
herein by reference.
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Exhibit Number
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Exhibit Description
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99.1
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Press Release dated December 12, 2016
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About Hi-Crush Partners LP (NYSE:HCLP)
Hi-Crush Partners LP is a producer and supplier of monocrystalline sand. The Company is a limited partnership formed to acquire selected sand reserves and related processing and transportation facilities of Hi-Crush Proppants LLC. It operates in Frac Sand Sales segment. Its reserves consist of northern white sand, a resource in Wisconsin and limited portions of the upper Midwest region of the United States. It owns, operates and develops sand reserves, and related excavation and processing facilities. Its 857-acre facility with rail infrastructure, located in Wyeville, Wisconsin (the Wyeville facility) contains approximately 82.1 million tons of proven recoverable reserves of frac sand meeting American Petroleum Institute (API) specifications. It also holds approximately 98% interest in Augusta facility, which is located in Eau Claire County, Wisconsin and contains over 40.9 million tons of proven recoverable reserves of frac sand meeting API specifications. Hi-Crush Partners LP (NYSE:HCLP) Recent Trading Information
Hi-Crush Partners LP (NYSE:HCLP) closed its last trading session down -0.85 at 17.65 with 682,116 shares trading hands.