Business Context and Reporting Period
This Form 8-K Current Report was filed by NGL Energy Partners LP on January 26, 2015. The filing reports a corporate governance event regarding the appointment of a new director to the General Partner, NGL Energy Holdings LLC.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial statements or performance data.
Material Changes
The material change reported is the appointment of James M. Collingsworth as a director of the General Partner, effective immediately on January 26, 2015. Mr. Collingsworth is an independent director and will serve as a member of the Audit Committee. The filing confirms no transactions exceeding $120,000 involving Mr. Collingsworth have occurred since the beginning of the last fiscal year, and no arrangements exist regarding his appointment.
Guidance, Outlook, and Risks
The filing does not contain guidance, outlook, management commentary on operations, or specific risk factors. It references a press release dated January 27, 2015, filed as Exhibit 99.1, which announced the appointment.
Key Facts for Investor Verification
- James M. Collingsworth was appointed as an independent director of the General Partner on January 26, 2015.
- Mr. Collingsworth will serve on the Audit Committee.
- No material financial transactions involving Mr. Collingsworth have occurred since the start of the last fiscal year.
- The filing includes a press release (Exhibit 99.1) dated January 27, 2015, for further details.