false0001161154
0001161154
2020-10-14
2020-10-14
0001161154
exch:XNYS
eto:SeriesCPreferredUnitsMember
2020-10-14
2020-10-14
0001161154
exch:XNYS
eto:SeriesDPreferredUnitsMember
2020-10-14
2020-10-14
0001161154
exch:XNYS
eto:SeriesEPreferredUnitsMember
2020-10-14
2020-10-14
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
|
| | |
October 14, 2020 |
Date of Report (Date of earliest event reported) |
|
ENERGY TRANSFER OPERATING, L.P. |
(Exact name of Registrant as specified in its charter) |
| | |
Delaware | 1-31219 | 73-1493906 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
8111 Westchester Drive, Suite 600
Dallas, Texas 75225
(Address of principal executive offices) (zip code)
(214) 981-0700
(Registrant’s telephone number, including area code)
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:
| |
☐ | 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)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
|
| | | | |
Title of each class | | Trading Symbol(s) | | Name of each exchange on which registered |
7.375% Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units | | ETPprC | | New York Stock Exchange |
7.625% Series D Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units | | ETPprD | | New York Stock Exchange |
7.600% Series E Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units | | ETPprE | | New York Stock Exchange |
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 14, 2020, Kelcy L. Warren, Chairman and Chief Executive Officer of Energy Transfer Partners, L.L.C. (the “Company”), the general partner of Energy Transfer Partners GP, L.P., the general partner of Energy Transfer Operating, L.P. (the “Partnership”), assumed the role of Executive Chairman, and Thomas E. Long and Marshall S. (Mackie) McCrea, III, were elected as Co-Chief Executive Officers to replace Mr. Warren, effective January 1, 2021. Mr. Long currently serves as the Company’s Chief Financial Officer and Mr. McCrea currently serves as the Company’s Chief Commercial Officer. Mr. McCrea will continue to serve on the Company’s board of directors.
Except as disclosed in the Partnership’s Annual Report on Form 10-K for the year ended December 31, 2019, there is no information required to be disclosed by Items 401(b), (d), (e) or Item 404(a) of Regulation S-K.
This report may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal law. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. An extensive list of factors that can affect future results are discussed in the Partnership’s Annual Report on Form 10-K and other documents filed from time to time with the Securities and Exchange Commission. The Partnership undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.
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 hereunto duly authorized.
|
| | | |
| | ENERGY TRANSFER OPERATING, L.P. |
| | | |
| | By: | Energy Transfer Partners GP, L.P., |
| | | its general partner |
| | | |
| | By: | Energy Transfer Partners, L.L.C., |
| | | its general partner |
| | | |
Date: | October 14, 2020 | By: | /s/ Thomas E. Long |
| | | Thomas E. Long |
| | | Chief Financial Officer |