Business Context and Reporting Period
This Form 8-K filing by MPLX LP covers the reporting period of July 28, 2016. The report addresses a significant corporate governance event regarding the executive leadership of the Partnership's general partner, MPLX GP LLC.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to a disclosure of personnel changes and does not contain financial performance data.
Material Changes
The primary material change disclosed is the announced retirement of Frank M. Semple from his role as Vice Chairman of MPLX GP LLC, effective October 31, 2016.
Outlook and Management Commentary
Upon his retirement, Mr. Semple will retain his position on the MPLX GP LLC board of directors. Additionally, he will continue to serve on the board of directors of the Partnership's sponsor, Marathon Petroleum Corporation. No other guidance, risks, or unusual items were disclosed in this filing.
Key Facts for Investor Verification
- Frank M. Semple is retiring as Vice Chairman of MPLX GP LLC on October 31, 2016.
- Mr. Semple will remain on the boards of MPLX GP LLC and Marathon Petroleum Corporation post-retirement.
- The filing contains no financial results or operational metrics for the period.