USD Partners LP (NYSE:USDP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective January 1, 2017, Paul Tucker, the Senior Vice President, Chief Operating Officer of USD Group LLC including its predecessors (the Sponsor) and USD Partners GP LLC (the General Partner), the general partner of USD Partners LP (the Partnership), will become the Executive Vice President and Chief Integration & Relationship Officer of the Sponsor and the General Partner. In his new role, Mr. Tucker will be responsible for developing and maintaining the Sponsor’s and the Partnership’s large network of strategic relationships and for facilitating the integration of processes, practices and culture throughout the Sponsor’s and the Partnership’s current and future facilities. Mr. Tucker has served as Senior Vice President and Chief Operating Officer of the General Partner since June 2014. Mr. Tucker also served as the Chief Operating Officer for the Sponsor since its inception. Mr. Tucker’s career in the rail transportation industry spans over 41 years and includes key senior leadership roles on the Union Pacific, Missouri Pacific and Port Terminal Railroad Association (PTRA). Mr. Tucker received a BA in Psychology from Henderson State University and received post-graduate executive leadership development at the University of Pittsburgh and Eckerd College, St. Petersburg, Florida.
Also effective January 1, 2017, Josh Ruple, the Vice President, Project Development of the Sponsor will become the Senior Vice President and Chief Operating Officer of the Sponsor and the General Partner. In this role, Mr. Ruple will be responsible for all operations and project development activities in support of the Sponsor’s and the Partnership’s commercial development vision, mission and tactical growth strategies. Mr. Ruple, age 36, served as Vice President, Project Development Group of the Sponsor since June 2014. From July 2013 through June 2014, Mr. Ruple was the Senior Development Manager for TransDevelopment Group, a developer of specialized transportation facilities for shippers and carriers in the rail, highway, and marine cargo industries. From March 2011 through December 2013, Mr. Ruple was the Vice President Construction Services for Powerhouse Retail Services, a national provider of retail construction and maintenance services. From August 2004 through March 2011, Mr. Ruple worked at the BNSF Railway in positions of increasing responsibility, most recently as Senior Manager of Facility Development. Mr. Ruple received a BS in Civil and Environmental Engineering from the University of Utah and is an active member of both professional and public community organizations.
Neither Mr. Tucker nor Mr. Ruple was appointed to any arrangement or understanding with any other person.
Neither Mr. Tucker nor Mr. Ruple has any family relationships with any director or executive officer of the General Partner, or any interest in any relationships or related person transactions with the General Partner, or the Partnership, required to be disclosed to Item 404(a) of Regulation S-K.
About USD Partners LP (NYSE:USDP)
USD Partners LP (USD Partners) is a fee-based, master limited partnership formed by US Development Group LLC (USD) to acquire, develop and operate energy-related logistics assets, including rail terminals and other midstream infrastructure. The Company conducts its business through two segments: Terminalling services and Fleet services. Its Terminalling services segment consists operations of Hardisty terminal, Casper terminal and Ethanol terminals. The Fleet services segment provides railcars and fleet services related to the transportation of liquid hydrocarbons and biofuels by rail. Its fleet consists of approximately 3,310 railcars, which it leased from various railcar manufacturers and financial entities. The Company’s principal assets consist of a crude oil origination terminal in Hardisty, Alberta, Canada; a crude oil terminal in Casper, Wyoming, and two unit train-capable ethanol destination terminals in San Antonio, Texas and West Colton, California. USD Partners LP (NYSE:USDP) Recent Trading Information
USD Partners LP (NYSE:USDP) closed its last trading session up +0.40 at 15.85 with 88,088 shares trading hands.
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