WESTMORELAND RESOURCE PARTNERS, LP (NYSE:WMLP) 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.
(c) Appointment of Interim Chief Executive Officer
On December 5, 2017, the Westmoreland Resource Partners, LP (the “Partnership”) board of directors (the “Board”) appointed Michael G. Hutchinson, 61, to serve as interim Chief Executive Officer. Mr. Hutchinson retired from Deloitte & Touche in July 2012 after a career spanning nearly 35 years, leading its Denver Energy and Natural Resources Practice for the last 15 years while at the same time managing the Audit and Enterprise Risk Management practice of the Denver office. Mr. Hutchinson currently serves as the interim Chief Executive Officer of Westmoreland Coal Company, a publicly traded coal miner, a position he has held since the departure of Kevin Paprzycki on November 27, 2017. Westmoreland Coal Company owns 50% of the Partnership’s general partner and approximately 94.1% of the limited partner interests of the Partnership. Mr. Hutchinson serves on the board of directors of Westmoreland Coal Company and ONE Gas, Inc., a publicly traded natural gas utility, and as the audit committee chairman at ONE Gas, Inc.
There are no arrangements or understandings between Mr. Hutchinson and any other person in connection with his appointment as interim Chief Executive Officer of the Partnership. Mr. Hutchinson does not have any family relationships with any director or executive officer of the Partnership or any person nominated or chosen to become a director or executive officer of the Partnership, and there are no “related person” transactions (within the meaning of Item 404(a) of Regulation S-K promulgated by the Securities and Exchange Commission) between Mr. Hutchinson and the Partnership.
The Partnership and its general partner are parties to agreements and arrangements as previously reported and disclosed in Item 13 of the Partnership’s Annual Report on Form 10-K for the year ended December 31, 2016. Westmoreland Coal Company will pay and make all decisions related to Mr. Hutchinson’s compensation as detailed in its Form 8-K filed December 1, 2017. However, the Partnership will pay its general partner for a portion of the compensation paid by Westmoreland Coal Company to Mr. Hutchinson to the terms of the Administrative and Operational Services Agreement, dated January 1, 2015, as amended from time to time, between the Partnership and its general partner.
About WESTMORELAND RESOURCE PARTNERS, LP (NYSE:WMLP)
Westmoreland Resource Partners, LP, formerly Oxford Resource Partners, LP, is a producer and marketer of thermal coal to the United States utilities and industrial users, and a producer of surface mined coal in Ohio. The Company markets coal to electric utilities with coal-fired, base-load scrubbed power plants under long-term coal sales contracts. Its reserves and operations serve its market area of the Midwest, Northeast and Rocky Mountain regions of the United States. The Company operates approximately 20 active surface mines and manages these mines as mining complexes located in eastern Ohio and Wyoming. The Company’s Ohio mining facilities include approximately two preparation plants, both of which receive, wash, blend, process and ship coal produced from its mines. The Company’s operating subsidiaries include Oxford Mining Company, LLC, Oxford Mining Company-Kentucky, LLC, Westmoreland Kemmerer, LLC, Westmoreland Kemmerer Fee Coal Holdings, LLC and Harrison Resources, LLC.
