MAGELLAN MIDSTREAM PARTNERS, L.P. (NYSE:MMP) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07Submission of Matters to a Vote of Security Holders.
At the 2017 Annual Meeting, the Partnership's unitholders voted on, among other matters, a proposal regarding the frequency of holding advisory votes on executive compensation. As previously reported in the Original Filing, and consistent with the recommendation of the Partnership's general partner's board of directors, the unitholders approved, on an advisory basis, an annual advisory vote on compensation for named executive officers of the Partnership's general partner.
Consistent with these voting results, the Partnership has determined to hold future advisory votes on executive compensation every year until the next required advisory vote on the frequency of advisory votes on executive compensation, which shall be no later than the Partnership's annual meeting in 2023.
About MAGELLAN MIDSTREAM PARTNERS, L.P. (NYSE:MMP)
Magellan Midstream Partners, L.P. is engaged in the transportation, storage and distribution of refined petroleum products and crude oil. The Company’s business segments include Refined Products, Crude Oil and Marine Storage. The Company’s asset portfolio, including the assets of its joint ventures, consist of the Company’s refined products segment, including over 9,500 mile refined products pipeline system with approximately 50 terminals, as well as over 30 independent terminals not connected to the its pipeline system and its approximately 1,100-mile ammonia pipeline system; its crude oil segment, including approximately 1,700 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of over 20 million barrels, of which approximately 14 million is used for leased storage, and its marine storage segment, consisting of over five marine terminals located along coastal waterways with an aggregate storage capacity of approximately 30 million barrels. MAGELLAN MIDSTREAM PARTNERS, L.P. (NYSE:MMP) Recent Trading Information
MAGELLAN MIDSTREAM PARTNERS, L.P. (NYSE:MMP) closed its last trading session up +0.96 at 68.66 with 597,714 shares trading hands.