MAGELLAN MIDSTREAM PARTNERS, L.P. (NYSE:MMP) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders.
“Partnership”) held its Annual Meeting of Limited Partners
(“Annual Meeting”) to due notice. Holders of a total of
207,243,862 common units, or 90.89% of the Partnerships common
units outstanding, were present in person or by proxy at the Annual
Meeting. The voting results follow:
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1.
|
Two Class II directors and two Class III directors of the
Partnerships general partners board of directors were elected to serve until the 2019 and 2020 Annual Meeting, respectively, by the following votes: |
|
Director
|
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For
|
|
Withheld
|
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Term Expires
|
|
|
|
|
|
|
|
|
|
Lori A. Gobillot
|
|
138,340,926
|
|
893,641
|
|
|
|
Edward J. Guay
|
|
138,143,714
|
|
1,090,053
|
|
|
|
Michael N. Mears
|
|
138,105,187
|
|
1,129,380
|
|
|
|
James R. Montague
|
|
137,668,305
|
|
1,566,262
|
|
|
|
2.
|
The following resolution regarding executive compensation was
approved by the following votes: |
(the “Partnership”) approve, on an advisory basis, the
compensation of the Partnerships named executive officers, as
described in the section in the proxy statement entitled
“Compensation of Directors and Executive Officers,” in accordance
with the compensation disclosure rules of the Securities and
Exchange Commission (including the Compensation Discussion and
Analysis, the executive compensation tables and the related
footnotes and narratives accompanying the tables).
|
For
|
|
Against
|
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Abstain
|
|
|
|
|
|
|
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135,044,146
|
|
3,008,044
|
|
1,182,377
|
|
3.
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An advisory vote on the frequency of future advisory votes on
executive compensation was voted on as follows: |
|
Three Years
|
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Two Years
|
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One Year
|
|
Abstain
|
|
|
|
|
|
|
|
|
|
4,656,771
|
|
3,777,723
|
|
129,759,017
|
|
1,041,056
|
|
4.
|
The appointment of Ernst Young LLP to audit the
Partnership’s 2017 financial statements was ratified by the following votes: |
|
For
|
|
Against
|
|
Abstain
|
|
|
|
|
|
|
|
205,724,137
|
|
1,012,775
|
|
506,950
|
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 down -0.14 at 75.83 with 460,363 shares trading hands.
