MARTIN MIDSTREAM PARTNERS L.P. (NASDAQ:MMLP) 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.
L.P. (the Partnership) approved the Martin Midstream Partners
L.P. 2017 Restricted Unit Plan (the New LTIP). The Board of
Directors of Martin Midstream GP LLC, the general partner of the
Partnership, previously approved the New LTIP.
for delivery with respect to awards under the plan. A summary of
the New LTIP is set forth under the caption Proposal to Approve
the Martin Midstream Partners L.P. 2017 Restricted Unit Plan in
the Partnerships definitive proxy statement filed with the
Securities and Exchange Commission on April 21, 2017 (the Proxy
Statement) and is incorporated herein by reference. The summary
of the New LTIP set forth therein does not purport to be complete
and is qualified in its entirety by reference to the full text of
the New LTIP, a copy of which is filed as Exhibit A to the Proxy
Statement and incorporated herein by reference.
26, 2017 (the Special Meeting), at which meeting the Partnerships
unitholders were asked to consider and vote upon a proposal to
approve the New LTIP (the LTIP Proposal), and 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 were not sufficient votes at the time of the special
meeting to approve the New LTIP (the Adjournment Proposal).
votes cast at the special meeting. Votes for and against and
abstentions counted as votes cast. The Adjournment Proposal
required the approval of a majority of the outstanding common
units that are represented either in person or by proxy at the
Special Meeting.
follows:
were as follows:
|
For
|
Against
|
Abstain
|
Broker
Non-Votes
|
Votes For (as % of Vote Cast)
|
||||
|
13,944,269
|
7,785,182
|
629,478
|
62.37%
|
results were as follows:
|
For
|
Against
|
Abstain
|
Broker
Non-Votes
|
Votes For (as % of Vote Cast)
|
||||
|
14,259,929
|
7,789,974
|
309,026
|
63.78%
|
|
Exhibit No.
|
Description
|
|
10.1
|
Martin Midstream Partners L.P. 2017 Restricted Unit
Plan (incorporated by reference to Exhibit A to the Definitive Proxy Statement on Schedule 14A filed by the Partnership on April 21, 2017). |
About MARTIN MIDSTREAM PARTNERS L.P. (NASDAQ:MMLP)
Martin Midstream Partners L.P. is a limited partnership company with operations focused in the United States Gulf Coast region. The Company’s segments include Terminalling and Storage, Natural Gas Services, Sulfur Services and Marine Transportation. The Company owns or operates approximately 30 marine shore-based terminal facilities and over 20 specialty terminal facilities located in the United States. It distributes natural gas liquids (NGLs), and purchases NGLs from refineries and natural gas processors. The Company stores and transports NGLs for wholesale deliveries to refineries, industrial NGL users and propane retailers. It has developed an integrated system of transportation assets and facilities relating to sulfur services. The Company operates a fleet of approximately 40 inland marine tank barges, over 20 inland push boats and approximately three offshore tug and barge units that transport petroleum products and by-products in the United States Gulf Coast region. MARTIN MIDSTREAM PARTNERS L.P. (NASDAQ:MMLP) Recent Trading Information
MARTIN MIDSTREAM PARTNERS L.P. (NASDAQ:MMLP) closed its last trading session up +0.10 at 18.30 with 105,590 shares trading hands.
