WESTMORELAND RESOURCE PARTNERS, LP (NYSE:WMLP) Files An 8-K Entry into a Material Definitive AgreementItem 1.01. Entry into a Material Definitive Agreement.
Amendment No. 4 to the Services Agreement
On November 30, 2017, Westmoreland Resource Partners, LP (“Partnership”) and Westmoreland Resources GP, LLC, the general partner of the Partnership (“General Partner”), entered into a fourth amendment (the “Amendment”) to the Services Agreement dated as of January 1, 2015 (as amended, supplemented, amended and restated or otherwise modified from time to time, the “Services Agreement”), by and between the Partnership and General Partner. The Amendment modified the term of the Services Agreement to extend the current term end date from March 31, 2018 to April 30, 2018. The term of the Services Agreement automatically renews upon the end of term for successive 12-month periods unless either party gives written notice no less than 120 days prior to the end of the current term of the Services Agreement.
The foregoing description of the Amendment is qualified in its entirety by reference to the terms of the Amendment, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 1.01. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) Departure of Chief Executive Officer
On November 27, 2017, Kevin A. Paprzycki stepped down from his role as Chief Executive Officer of the Partnership effective immediately. Mr. Paprzycki’s departure was not the result of any disagreement with the Partnership.
Item 1.01. Financial Statements and Exhibits
(d)Exhibits
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ExhibitNo. |
Description |
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10.1 |
Amendment No. 4 to the Services Agreement, dated November 30, 2017, by and between Westmoreland Resource Partners, LP and Westmoreland Resources GP, LLC |
Westmoreland Resource Partners, LP ExhibitEX-10.1 2 exh10-1sharedservicesagree.htm EXHIBIT 10.1 Exhibit EXHIBIT 10.1AMENDMENT NO. 4 TO SERVICES AGREEMENTAMENDMENT NO. 4 TO SERVICES AGREEMENT,…To view the full exhibit click here
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.
