UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest even reported): May 16, 2014
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ENABLE MIDSTREAM PARTNERS, LP
(Exact name of registrant as specified in its charter)
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Delaware | 1-36413 | 72-1252419 |
(State or other jurisdiction | (Commission | (IRS Employer |
of incorporation) | File Number) | Identification No.) |
One Leadership Square | ||
211 North Robinson Avenue | ||
Suite 950 | ||
Oklahoma City, Oklahoma 73102 | ||
(Address of principal executive offices) | ||
(Zip Code) | ||
Registrant's telephone number, including area code: (405) 525-7788 | ||
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 16, 2014, C. Scott Hobbs was appointed to the board of directors (the “Board”) of Enable GP, LLC (“Enable GP”), the general partner of Enable Midstream Partners, LP (the “Partnership”), effective June 1, 2014. Mr. Hobbs was also appointed to serve on the Board’s audit committee and the Board’s conflicts committee (the “Conflicts Committee”) effective June 1, 2014. Mr. Hobbs joins Peter H. Kind an independent director.
As an independent director, Mr. Hobbs will receive compensation for his Board service consistent with the compensation program for independent directors described in the Partnership's prospectus dated April 10, 2014 as filed with the Securities and Exchange Commission on April 11, 2014. Mr. Hobbs also will be indemnified for his actions associated with being a director to the fullest extent permitted under Delaware law.
There is no arrangement or understanding between Mr. Hobbs and any other person pursuant to which Mr. Hobbs was elected as a director of Enable GP.
R. Poe Reed, Executive Vice President and Chief Commercial Officer of Enable GP, notified the Partnership on May 18, 2014, that he intends to resign effective May 31, 2014 to pursue another opportunity.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits | ||
Exhibit Number | Description | |
99.1 | Press release dated May 19, 2014 announcing the election of Mr. Hobbs to the Board. | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Enable Midstream Partners, LP | |
By: | Enable GP, LLC, |
its general partner | |
By: | |
Tom Levescy | |
Senior Vice President, Chief Accounting Officer, and Controller | |
Date: May 19, 2014
Exhibit 99.1
FOR IMMEDIATE RELEASEContacts: | Media | Investor | |
Brian Alford | John Laws | ||
(405) 553-6984 | (405) 530-7467 | ||
OKLAHOMA CITY - Enable Midstream Partners, LP (NYSE: ENBL) today announced that C. Scott Hobbs will join the board of directors of Enable Midstream GP, LLC, its general partner on June 1, 2014. Mr. Hobbs joins Peter H. Kind as an independent director. Mr. Hobbs will serve on the board’s audit committee and conflicts committee.
“We’re pleased to welcome Scott to the Enable Midstream board and look forward to working with him in his new role,” said company president and CEO Lynn Bourdon. “His depth of experience in the midstream sector will be a valuable addition going forward.”
Since April 2006, Hobbs, 60, has been the managing member of Energy Capital Advisors, LLC, an energy industry consulting firm that provides consulting and advisory services to clients evaluating major projects, acquisitions and divestitures in the energy business. Prior to starting Energy Capital Advisors, Hobbs served in various senior leadership roles including executive chairman Optigas, Inc., a private midstream gas company, and as president and COO of KFX, Inc. (now Evergreen Energy, Inc.), a public company developing clean coal technologies. Before joining KFX, Hobbs worked for the Coastal Corporation where his last position was Chief Operating Officer of Colorado Interstate Gas Co. and its Rocky Mountain affiliates.
Hobbs is a director of SunCoke Energy Partners GP, LLC, the general partner of SunCoke Energy Partners, L.P., where he is chair of the conflicts committee and a member of the audit committee. He also is a director of Buckeye GP LLC, the general partner of Buckeye Partners, L.P., but has announced that he will step down from the Buckeye GP LLC board on June 4, 2014. Previously, he served as a director of American Oil and Gas Inc. and CVR Energy Inc.
Enable Midstream owns, operates and develops strategically located natural gas and crude oil infrastructure assets. The company’s assets include approximately 11,000 miles of gathering pipelines, 12 major processing plants with approximately 2.1 billion cubic feet per day of processing capacity, approximately 7,900 miles of interstate pipelines (including Southeast Supply Header, LLC of which Enable Midstream owns 24.95 percent), approximately 2,300 miles of intrastate pipelines and eight storage facilities comprising 86.5 billion cubic feet of storage capacity. For more information visit EnableMidstream.com.
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