UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
_______________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 14, 2015
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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 150 | ||
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 with Certain Officers.
On January 18, 2016, the Board of Directors (the “Board”) of Enable GP, LLC (“Enable GP”), the general partner of Enable Midstream Partners, LP, announced that on January 14, 2016, John P. Laws was appointed Executive Vice President, Chief Financial Officer and Treasurer of Enable GP.
Mr. Laws, 41, has served as Treasurer of Enable GP since December 2013 and Vice President of Enable GP since April 2014. Previously, Mr. Laws served as Vice President of Planning and Development of Enable Oklahoma Intrastate Transmission, LLC from May 2013 through December 2013, as Vice President of Planning and Development of Enogex Holdings, LLC from November 2011 through May 2013, and Managing Director of Finance of Enogex LLC from January 2010 through November 2011.
In connection with Mr. Laws’ appointment, Mr. Laws’ base salary was increased to $315,000. No other changes were made to Mr. Laws' compensation. There are no material arrangements or understandings between Mr. Laws and any other person pursuant to which Mr. Laws was appointed that are not described above.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits | ||
Exhibit Number | Description | |
99.1 | News release issued by Enable Midstream Partners, LP dated January 18, 2016. | |
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.
Enable Midstream Partners, LP | |
By: | Enable GP, LLC, |
its general partner | |
By: | /s/ J. Brent Hagy |
J. Brent Hagy | |
Vice President, Deputy General Counsel, Secretary and Chief Ethics & Compliance Officer | |
Date: January 19, 2016
Exhibit 99.1
FOR IMMEDIATE RELEASE
Contacts: | Media | Investor | |
Brian Alford | Matt Beasley | ||
(405) 553-6984 | (405) 558-4600 | ||
Enable Midstream promotes John Laws to Chief Financial Officer
Laws succeeds Rod Sailor who assumed CEO role January 1
OKLAHOMA CITY (Jan. 18, 2016) Enable Midstream Partners, LP (NYSE: ENBL) today announced that its Board of Directors has named John Laws Executive Vice President, Chief Financial Officer and Treasurer. Laws, a 6-year Enable leader, succeeds former CFO Rod Sailor who assumed the role of president and CEO effective January 1.
“I’m very pleased to announce John’s elevation to this new role,” Sailor said. “He is an accomplished senior financial executive with a wealth of energy industry experience. John brings a deep understanding of operations and transactions, public offerings, business combinations and strategic business planning to the role of CFO. I look forward to his insights and contributions. We also benefit from John’s tenure with Enable, as well as a strong working relationship with each of our general partners.”
Laws, 41, has more than 17 years of experience as a finance executive, more than nine of which have been devoted to the energy sector, serving in a variety of leadership positions in corporate finance and business and corporate development. Prior to being named CFO, Laws served as Treasurer at Enable Midstream. Before joining Enable in 2010, Laws served various organizations in a variety of corporate finance leadership roles.
“I’m humbled and honored to have been selected to fill this vital leadership role at Enable,” Laws said. “Enable is well-positioned to persevere in the current environment and to build on its prior success through continued focus on customer service and operational and financial excellence.”
ABOUT ENABLE MIDSTREAM
Enable Midstream owns, operates and develops strategically located natural gas and crude oil infrastructure assets. The company’s assets include approximately 12,300 miles of gathering pipelines, 13 major processing plants with approximately 2.3 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 50 percent), approximately 2,200 miles of intrastate pipelines and eight storage facilities comprising 87.5 billion cubic feet of storage
Exhibit 99.1
capacity. For more information visit EnableMidstream.com.
FORWARD-LOOKING STATEMENTS
This press release may contain “forward-looking statements” within the meaning of the securities laws. All statements, other than statements of historical fact, regarding Enable Midstream Partners’ strategy, future operations, financial position, estimated revenues, projected costs, prospects, plans and objectives of management are forward-looking statements. These statements often include the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” “forecast” and similar expressions and are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on Enable Midstream’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Enable Midstream assumes no obligation to and does not intend to update any forward-looking statements included herein. When considering forward-looking statements, you should keep in mind the risk factors and other cautionary statements described under the heading “Risk Factors” included in our SEC filings. Enable Midstream cautions you that these forward-looking statements are subject to all of the risks and uncertainties, most of which are difficult to predict and many of which are beyond its control, incident to the ownership, operation and development of natural gas and crude oil infrastructure assets.
These risks include, but are not limited to, contract renewal risk, commodity price risk, environmental risks, operating risks, regulatory changes and the other risks described under “Risk Factors” in our SEC filings. Should one or more of these risks or uncertainties occur, or should underlying assumptions prove incorrect, Enable Midstream’s actual results and plans could differ materially from those expressed in any forward-looking statements.
End