Plains All American Pipeline, L.P. (NYSE:PAA) 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
On February16, 2017, the board of directors (the
Board) of PAA GP Holdings LLC (PAGP
GP) appointed Harry N. Pefanis and Willie Chiang to the
Board. Mr.Pefanis and Mr.Chiang serve as the President and Chief
Operating Officer and Executive Vice President and Chief
Operating Officer (U.S.), respectively, of PAGP GP.
Item 5.03 Amendments to Articles of
Incorporation or Bylaws; Change in Fiscal Year
On February16, 2017, PAGP GP entered into the Third Amended and
Restated Limited Liability Company Agreement of PAGP GP (the
Third AR GP Agreement) to (i)increase the size
of the board from ten members to twelve members, (ii)reflect the
appointment of Messrs.Pefanis and Chiang to the Board and
(iii)specify that any Board member that also serves as an officer
of PAGP GP (including Messrs.Pefanis and Chiang) will not be
classified or subject to the election of eligible PAGP GP
directors by PAGPs shareholders.
The foregoing description of the Third AR GP LLC Agreement is
qualified in its entirety by reference to the text of such
agreement, which is attached hereto as Exhibit3.1 and
incorporated herein by reference.
Item 7.01 Regulation FD
Disclosure
On February21, 2017, the Registrant issued a press release
reporting the appointment of Messrs.Pefanis and Chiang to the
Board. A copy of the press release is furnished as Exhibit99.1
hereto. In accordance with General Instruction B.2 of Form8-K,
the information presented herein under Item 7.01 shall not be
deemed filed for the purpose of Section18 of the Securities
Exchange Act of 1934, as amended, or otherwise subject to the
liabilities of that section, nor shall such information be deemed
incorporated by reference into any filing under the Securities
Act of 1933 or the Securities Exchange Act of 1934, each as
amended.
Item 9.01 Financial Statements and
Exhibits
(d) Exhibits.
|
Exhibit Number |
|
Description |
|
3.1 |
Third Amended and Restated Limited Liability Company |
|
|
99.1 |
Press Release dated February21, 2017 |
About Plains All American Pipeline, L.P. (NYSE:PAA)
Plains All American Pipeline, L.P. owns and operates midstream energy infrastructure and provide logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. The Company operates through three segments: Transportation, Facilities, and Supply and Logistics. Its Transportation segment operations consist of activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges. Its Facilities segment operations consist of activities associated with providing storage, terminalling and throughput services for crude oil, refined products, NGL and natural gas, as well as NGL fractionation and isomerization services and natural gas and condensate processing services. Its supply and logistics segment operations consist of the merchant-related activities, including sale of gathered and bulk-purchased crude oil, as well as sales of NGL volumes purchased from suppliers and natural gas sales attributable to the activities. Plains All American Pipeline, L.P. (NYSE:PAA) Recent Trading Information
Plains All American Pipeline, L.P. (NYSE:PAA) closed its last trading session up +0.19 at 31.24 with 3,252,739 shares trading hands.