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

Date of Report (Date of earliest event reported): May 28, 2010

 

 

DCP MIDSTREAM PARTNERS, LP

(Exact name of registrant as specified in its charter)

 

 

 

DELAWARE		001-32678		03-0567133
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

370 17th Street, Suite 2775

Denver, Colorado 80202

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code (303) 633-2900

 

(Former name or former address, if changed since last report.)

 

 

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))

 

 

 

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Item 5.02

Departure of Directors or Principal Officers; Election of Directors

On June 3, 2010, DCP Midstream Partners, LP (the “Partnership”) issued a press release announcing the appointment of Jeff Sheets to the Board of Directors of the Partnership’s ultimate general partner, DCP Midstream, LLC, effective May 28, 2010. Mr. Sheets currently serves as Senior Vice President, Commercial, Planning and Strategy of ConocoPhillips. There is no arrangement or understanding between either Mr. Sheets and any other person pursuant to which he was selected as a director. The Board of Directors of the General Partner did not name Mr. Sheets to any committees of the Board of Directors at this time.

The General Partner serves as the ultimate general partner of the Partnership, holding a general partner interest in the Partnership. DCP Midstream, LLC currently owns 100% of the General Partner, which allows it to control the Partnership, and owns a 33.6% limited partner interest in the Partnership. DCP Midstream, LLC is a joint venture equally owned by Spectra Energy Corp. and ConocoPhillips. For relationships between the Partnership, the General Partner, DCP Midstream, LLC and its affiliates, please read Item 13 “Certain Relationships and Related Transactions, and Director Independence”, which is incorporated herein by reference from the Partnership’s annual report on Form 10-K, filed with the Securities and Exchange Commission on March 11, 2010.

The press release announcing this change is attached hereto as Exhibit 99.1.

 

Item 9.01

Financial Statements and Exhibits.

(d) Exhibits.

 

Exhibit Number		Description
Exhibit 99.1		Press Release dated June 3, 2010.

 

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SIGNATURES

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.

 

June 4, 2010

 

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EXHIBIT INDEX

 

Exhibit Number		Description
Exhibit 99.1		Press Release dated June 3, 2010

 

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Exhibit 99.1

 

June 3, 2010		MEDIA AND INVESTOR RELATIONS CONTACT:		Angela A. Minas
		Phone:		303/633-2900
		24-Hour:		303/807-7018

DCP MIDSTREAM PARTNERS ANNOUNCES NEW MEMBER

TO ITS BOARD OF DIRECTORS

DENVER – DCP Midstream GP, LLC, the general partner of DCP Midstream Partners, LP (NYSE: DPM), or the General Partner, announced the appointment of Jeff W. Sheets as the ConocoPhillips representative to the board of directors. ConocoPhillips owns 50 percent of the owner of the General Partner, DCP Midstream, LLC. Following this change, the board members affiliated with the General Partner or its owners will be Tom O’Connor, Mark Borer, Alan Harris, John Lowe, and Jeff Sheets. The continuing independent directors of the board are Paul Ferguson, Frank McPherson, Tom Morris, and Steve Springer.

Mr. Sheets, 52, is currently senior vice president, Commercial, Planning and Strategy for ConocoPhillips. Mr. Sheets began his career with ConocoPhillips as a process engineer in the North American division of exploration and production in 1980. He held various positions within the exploration and production group until 1990 when he was named as staff finance director. In 1993, Mr. Sheets rejoined the exploration and production group and was named staff finance director in the Norway office. From 1994-1997, he served as manager of commercial services for ConocoPhillips’ operations in Norway. Mr. Sheets returned to the U.S. in 1998 and was named assistant treasurer. In 2001, he was named vice president and treasurer, and he was named senior vice president, Planning and Strategy in 2008, and senior vice president Commercial, Planning and Strategy in May 2010.

DCP Midstream Partners, LP (NYSE: DPM) is a midstream master limited partnership that gathers, processes, transports and markets natural gas, transports and markets natural gas liquids, and is a leading wholesale distributor of propane. DCP Midstream Partners, LP is managed by its general partner, DCP Midstream GP, LLC, which is wholly owned by DCP Midstream, LLC, a joint venture between Spectra Energy and ConocoPhillips. For more information, visit the DCP Midstream Partners, LP web site at http://www.dcppartners.com.

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