Business Context and Reporting Period
This Form 8-K filing by NGL Energy Partners LP covers the reporting period of July 12, 2016. The report addresses a material corporate governance event involving the departure of a senior executive.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is a current report regarding personnel changes and does not contain financial statement data.
Material Changes
The primary material change reported is the resignation of James J. Burke. On July 12, 2016, Mr. Burke notified NGL Energy Holdings LLC (the General Partner) of his intent to resign from the following positions, effective July 15, 2016:
- President of NGL Water Solutions, LLC
- Member of the Board of Directors of the General Partner
Guidance, Outlook, and Risks
The filing does not contain updated financial guidance, management commentary on future outlook, or specific risk factors beyond the personnel change. The resignation letter is attached as Exhibit 99.1.
Key Facts for Investor Verification
- James J. Burke's resignation from NGL Water Solutions, LLC and the General Partner's Board is effective July 15, 2016.
- The resignation was formally notified on July 12, 2016.
- The filing was signed by H. Michael Krimbill, Chief Executive Officer, on July 14, 2016.
- No financial performance data is included in this specific filing.