Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d) On October 1, 2015, the sole member of the general partner (the "General
Partner") of Enterprise Products Partners L.P. (the "Partnership") elected Carin
M. Barth and William C. Montgomery as additional members of the General
Partner's Board of Directors (the "Board"), effective October 1, 2015.
Ms. Barth is the founder and president of LB Capital, Inc., a private equity
firm with investments in the energy, manufacturing and financial sectors. She
previously served as interim senior vice president of finance and administration
of Texas Southern University and chief financial officer of the U.S. Department
of Housing and Urban Development. Ms. Barth is a director on the boards of Bill
Barrett Corporation, Western Refining, Inc., Black Stone Minerals, L.P. and
Strategic Growth Bank Incorporated. Ms. Barth previously served as a
commissioner on the Texas Department of Public Safety.
Mr. Montgomery is a managing director with Quantum Energy Partners, a private
equity firm that focuses on investments in the energy and power industries, and
is a member of Quantum's executive and investment committees. His career
includes twenty-two years of investment banking experience. Prior to joining
Quantum, Mr. Montgomery was a partner with Goldman, Sachs & Co. and served as
head of the Americas Natural Resources Group as well as its Houston office. He
serves as a director on the boards of Apache Corporation and seven of Quantum's
Ms. Barth and Mr. Montgomery will receive compensation for their services as
directors consistent with that provided to the General Partner's other
non-employee directors, as previously disclosed in the Partnership's Annual
Report on Form 10-K for the year ended December 31, 2014. There are no
arrangements or understandings between Ms. Barth or Mr. Montgomery and any other
person pursuant to which she or he was elected as a director. Ms. Barth is
expected to serve on the Board's Governance Committee and Mr. Montgomery is
expected to serve on the Board's Audit and Conflicts Committee.
On October 1, 2015, the Partnership announced the election of Ms. Barth and Mr.
Montgomery to the Board. A copy of the press release is attached as Exhibit 99.1
to this report and is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
Exhibit No. Description
99.1 Press Release dated October 1, 2015.
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