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 event reported): February 26, 2016
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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 of Certain Officers.
On February 26, 2016, Ronnie K. Irani 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”). Mr. Irani is expected to be appointed to serve on the Board’s audit committee and conflicts committee. Mr. Irani’s appointment is effective March 1, 2016. Mr. Irani joins Peter H. Kind and Alan N. Harris as an independent director.
As an independent director, Mr. Irani will receive compensation for his Board service consistent with the compensation program for independent directors described in the Partnership's Annual Report on Form 10-K for the Fiscal Year Ended December 31, 2015 as filed with the Securities and Exchange Commission on February 17, 2016. Mr. Irani 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. Irani and any other person pursuant to which Mr. Irani was elected as a director of Enable GP.
Item 9.01. Financial Statements and Exhibits
The exhibit listed below is furnished pursuant to Item 2.02 of this Form 8-K.
(d) Exhibits | ||
Exhibit Number | Description | |
99.1 | Press release issued by Enable Midstream Partners, LP dated February 29, 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: February 29, 2016
Exhibit 99.1
FOR IMMEDIATE RELEASE
Contacts: | Media | Investor | |
Brian Alford | Matt Beasley | ||
(405) 553-6984 | (405) 558-4600 | ||
Enable Midstream announces energy veteran Ronnie K. Irani will join the board of directors of its general partner
OKLAHOMA CITY - Enable Midstream Partners, LP (NYSE: ENBL) today announced that energy industry veteran Ronnie K. Irani, president and CEO of RKI Energy Resources, has been appointed as an independent director to the board of directors of its general partner Enable GP, LLC effective March 1, 2016.
“On behalf of the board, I want to welcome Ronnie to Enable Midstream,” said Enable Board Chairman Scott Prochazka. “Ronnie’s experience as a leader in the upstream space across multiple basins will provide valuable insights to the board as we continue to build our position as the preferred midstream provider. We look forward to working with Ronnie as a member of the Enable team.”
Prior to forming RKI Energy Resources, Irani was president and CEO of RKI Exploration and Production, which was acquired by WPX Energy in 2015. In addition,
he served as senior vice president and general manager of the Western US business unit for Dominion Resources and as an executive vice president at Louis Dreyfus Natural Gas Corp.
Irani earned his Bachelor of Science degree in Chemistry from Bombay University, India. He also holds a bachelor’s and a master’s degree in Petroleum Engineering from the University of Oklahoma as well as an MBA from Oklahoma City University.
Irani serves on the board of the Mewbourne School of Petroleum & Geological Engineering and the Sarkeys Energy Center at the University of Oklahoma. He is also a board member of the Interstate Oil & Gas Compact Commission and serves on the Board of Visitors for the International Programs at the University of Oklahoma.
Irani will fill the independent director seat held by C. Scott Hobbs who will step down from the board effective Feb. 29.
“We extend our thanks to Scott for his service to Enable and to the board. His depth of experience in the midstream sector provided significant value to the company during our initial years as a publicly traded MLP,” Prochazka said. “We wish him all the best in his future endeavors.”
Exhibit 99.1
ABOUT ENABLE MIDSTREAM PARTNERS
Enable owns, operates and develops strategically located natural gas and crude oil infrastructure assets. Enable’s assets include approximately 12,400 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 owns 50 percent), approximately 2,200 miles of intrastate pipelines and eight storage facilities comprising 85.0 billion cubic feet of storage capacity. For more information, visit EnableMidstream.com.
End