CVR PARTNERS, LP - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by CVR PARTNERS, LP on July 14, 2011. The filing reports on corporate governance changes involving the appointment and resignation of directors on the board of CVR GP, LLC, the general partner of the Partnership.
Key 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 performance data.
Material Changes
- Appointment: Stanley A. Riemann was appointed to the board of directors of CVR GP, LLC on July 14, 2011.
- Resignation: George E. Matelich resigned from the board of directors of CVR GP, LLC on July 14, 2011, concurrent with Mr. Riemann's appointment. Mr. Matelich remains a director of CVR Energy, Inc.
- Compensation: Mr. Riemann will not receive any compensation for serving on the Board.
Management Commentary and Background
Mr. Riemann has served as the Chief Operating Officer of CVR GP since October 2007, CVR Energy since September 2006, and Coffeyville Resources, LLC since February 2004. Prior to joining the CVR family of companies, he held various positions at Farmland Industries, Inc. for over 30 years, including Executive Vice President and President of the Energy and Crop Nutrient Division. He has no direct or indirect material interest in transactions contemplated by Item 404(a) of Regulation S-K other than through his employment.
Investor Verification Checklist
- Verify the effective date of Stanley A. Riemann's board appointment (July 14, 2011).
- Confirm that George E. Matelich's resignation from the CVR GP board was concurrent with the new appointment.
- Review the referenced prospectus dated April 7, 2011, for details on relationships between the Partnership, CVR GP, CRLLC, and CVR Energy.
- Note that this filing contains no financial data; refer to periodic reports (10-K/10-Q) for financial metrics.