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): April 7, 2014
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 2500
Denver, Colorado 80202
(Address of principal executive offices) (Zip Code)
(303) 633-2900
(Registrant's telephone number, including area code)
Not Applicable
(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: | |
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o | 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.
Effective April 7, 2014, Richard A. Loving, age 45, was appointed Vice President and Controller and assumed the duties of principal accounting officer of DCP Midstream GP, LLC (the “General Partner”), the general partner of the general partner of DCP Midstream Partners, LP (the “Partnership”). Mr. Loving will also serve as Vice President and Controller of DCP Midstream, LLC (“Midstream”), the owner of the General Partner, and will not receive additional compensation as Vice President and Controller of the General Partner. There is no agreement or understanding between Mr. Loving and any other person pursuant to which he was appointed Vice President and Controller of the General Partner.
Previously, Mr. Loving served as Senior Director of Marketing and Fixed Asset Accounting for Midstream since April 2013 and as Senior Director of Corporate Accounting from November 2009 to April 2013. Before joining Midstream in November 2009, Mr. Loving was Director of Technical Accounting and SEC Reporting at DISH Network since March 2007. Mr. Loving is a licensed certified public accountant in Pennsylvania.
Midstream owns 100% of the General Partner, which allows it to control the Partnership, and approximately 22% of the outstanding common units representing limited partner interests in the Partnership. Midstream is a joint venture equally owned by Phillips 66 and Spectra Energy Corp. For relationships among the Partnership, the General Partner, Midstream 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 February 26, 2014.
Item 7.01 Regulation FD Disclosure.
On April 10, 2014, the Partnership issued a press release announcing the appointment of Mr. Loving described in Item 5.02 above. A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated by reference herein.
In accordance with General Instruction B.2 of Form 8-K, the press release furnished as Exhibit 99.1 to this Current Report on Form 8-K shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information or exhibit be deemed incorporated by reference into any filing under the Securities Act of 1933 or Securities Exchange Act of 1934, each as amended, except as shall be expressly set forth by specific reference in any such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number | Description | |
99.1 | Press Release dated April 10, 2014. | |
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.
Dated: April 10, 2014 | DCP MIDSTREAM PARTNERS, LP | ||
By: DCP MIDSTREAM GP, LP | |||
its General Partner | |||
By: DCP MIDSTREAM GP, LLC | |||
its General Partner | |||
By: /s/ Michael S. Richards | |||
Name: Michael S. Richards | |||
Title: Vice President, General Counsel, and Secretary | |||
EXHIBIT INDEX
Exhibit Number | Description | |
99.1 | Press Release dated April 10, 2014. | |
Exhibit 99.1
DCP MIDSTREAM, LLC AND DCP MIDSTREAM PARTNERS, LP ANNOUNCE
VICE PRESIDENT AND CONTROLLER
DENVER, April 10, 2014 - DCP Midstream Partners, LP (NYSE: DPM) (the Partnership) and DCP Midstream, LLC (DCP Midstream), the owner of the general partner of the Partnership, announced that Richard A. Loving, currently senior director of marketing and fixed asset accounting, has been promoted to vice president and controller of DCP Midstream and DCP Midstream GP, LLC, the general partner of the Partnership.
"We are pleased with the tremendous bench strength of leadership within the DCP enterprise and are proud to promote Rich to lead the controller function for the enterprise. Rich will ensure our continued focus on strong financial execution,” said Sean O’Brien, chief financial officer and group vice president for the DCP enterprise.
Richard A. Loving
Loving is currently responsible for corporate, gathering processing and marketing accounting as well as SEC reporting. He has served in roles of increasing responsibility with DCP Midstream including senior director of both corporate accounting and marketing and fixed asset accounting since joining DCP Midstream in 2009. Prior to this, Loving served as director of technical accounting and SEC reporting for DISH Network. Loving is a licensed certified public accountant in Pennsylvania.
MEDIA CONTACT: | Lisa Newkirk |
Phone: | 303-605-1837 |
24-Hour: | 303-829-1953 |
Websites: | www.dcpmidstream.com |
www.dcppartners.com | |
ABOUT DCP MIDSTREAM, LLC
DCP Midstream, LLC leads the midstream segment as the largest natural gas processor, the largest natural gas liquids producer and one of the largest marketers in the U.S. DCP Midstream operates in 18 states across major producing regions. The company is a 50:50 joint venture between Phillips 66 and Spectra Energy. It owns the general partner of DCP Midstream Partners, LP (NYSE: DPM), a master limited partnership, and provides operational and administrative support to the partnership. DCP Midstream is the largest oil and gas company and the largest private company in Denver, the city of its headquarters, and is the Top Company Winner for Energy/Natural Resources in Colorado as recognized by ColoradoBiz. For more information, visit the DCP Midstream website at www.dcpmidstream.com.
ABOUT DCP MIDSTREAM PARTNERS, LP
DCP Midstream Partners, LP (NYSE: DPM) is a midstream master limited partnership engaged in the business of gathering, compressing, treating, processing, transporting, storing and selling natural gas; producing, fractionating, transporting, storing and selling NGLs and condensate; and transporting, storing and selling propane in wholesale markets. DCP Midstream Partners, LP is managed by its general partner, DCP Midstream GP, LP, which in turn is managed by its general partner, DCP Midstream GP, LLC, or the General Partner, which is wholly-owned by DCP Midstream, LLC, a joint venture between Phillips 66 and Spectra Energy. For more information, visit the DCP Midstream Partners, LP website at www.dcppartners.com.