Current Report Filing (8-k)
February 27 2017 - 5:06PM
Edgar (US Regulatory)
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): February 21, 2017
Southcross Energy Partners, L.P.
(Exact name of registrant as specified in its charter)
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Delaware
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001-35719
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45-5045230
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(State or other jurisdiction
of incorporation or
organization)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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1717 Main Street
Suite 5200
Dallas,
Texas 75201
(Address of principal executive office) (Zip Code)
(214) 979-3700
(Registrants telephone number, including area code)
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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to
Rule 14a-12
under the Exchange Act (17 CFR
240.14a-12)
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Pre-commencement
communications pursuant to
Rule 14d-2(b) under
the Exchange Act (17 CFR
240.14d-2(b))
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Pre-commencement
communications pursuant to
Rule 13e-4(c) under
the Exchange Act (17 CFR
240.13e-4(c))
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
As previously disclosed on January 9, 2017, John E. Bonn stepped down as
President and Chief Executive Officer of Southcross Energy Partners GP, LLC (the General Partner), the general partner of Southcross Energy Partners, L.P. (the Partnership, effective January 6, 2017). On February 21,
2017 (the Effective Date), Mr. Bonn entered into a Severance Agreement and General Release with the General Partner (the Release Agreement).
Under the Release Agreement, provided that Mr. Bonn has not revoked the Release Agreement, Mr. Bonn will receive the Severance
Payment (as defined in Mr. Bonns Employment Agreement, dated as of March 5, 2015, by and between the General Partner and Mr. Bonn), as previously disclosed. The Release Agreement includes a general release of claims by
Mr. Bonn and customary restrictive covenants.
The foregoing description of the Release Agreement is qualified in its entirety by
reference to the full text of the Release Agreement, which is attached as Exhibit 10.1 to this Current Report and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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Exhibit
Number
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Description
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10.1
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Severance Agreement and General Release, executed February 21, 2017, between Southcross Energy Partners GP, LLC and John E. Bonn.
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SIGNATURES
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.
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Southcross Energy Partners, L.P.
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By:
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Southcross Energy Partners GP, LLC,
its general partner
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Dated: February 27, 2017
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By:
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/s/ Kelly J. Jameson
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Name:
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Kelly J. Jameson
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Title:
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Senior Vice President, General Counsel and
Secretary
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EXHIBIT INDEX
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Exhibit
Number
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Description
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10.1
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Severance Agreement and General Release, executed February 21, 2017, between Southcross Energy Partners GP, LLC and John E. Bonn.
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