8-KLeadership ChangesRegulation FDExhibits & Filings

ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Executive Changes (Oct 16, 2006)

Filed October 16, 2006For Securities:EPDEPDU

Summary

This 8-K filing from Enterprise Products Partners L.P. (EPD), dated October 16, 2006, reports on significant changes within its general partner's board of directors. The report details the resignation of two existing directors, Stephen L. Baum and Philip C. Jackson, and the immediate appointment of two new directors, Charles M. Rampacek and Rex Ross. This board reshuffling is a key event as it involves changes in leadership oversight and committee appointments. The newly appointed directors, Rampacek and Ross, have also been assigned to the Audit and Conflicts Committee, with E. William Barnett appointed as its chairman. The company explicitly states that both new directors meet the independence, qualification, and experience requirements set by the New York Stock Exchange and the Securities and Exchange Commission. These changes, disclosed via a press release, are primarily informational for investors regarding corporate governance.

Key Highlights

  • 1Resignation of two directors: Stephen L. Baum (October 10, 2006) and Philip C. Jackson (October 12, 2006).
  • 2Appointment of two new directors: Charles M. Rampacek and Rex Ross, effective October 12, 2006.
  • 3New directors appointed to the Audit and Conflicts Committee.
  • 4E. William Barnett elected as Chairman of the Audit and Conflicts Committee.
  • 5Both new directors meet NYSE and SEC independence, qualification, and experience requirements.
  • 6Company issued a press release on October 16, 2006, detailing these director changes.
  • 7The filing is primarily to disclose these corporate governance updates.

Frequently Asked Questions

The filing does not explicitly state the reasons for the resignation of Stephen L. Baum and Philip C. Jackson. It only reports their departures and the subsequent appointment of Charles M. Rampacek and Rex Ross.

Yes, the company explicitly states in the filing that both Charles M. Rampacek and Rex Ross meet the independence, qualification, and experience requirements of the New York Stock Exchange and the Securities and Exchange Commission.

The appointment of new directors to the Audit and Conflicts Committee, along with the election of a new chairman, indicates a shift in the oversight responsibilities for financial reporting, internal controls, and potential conflicts of interest. This is a standard part of board refreshment and ensures continued compliance with governance standards.

No, this 8-K filing is solely focused on reporting changes in the composition of the board of directors of Enterprise Products GP, LLC, the general partner of EPD. It does not contain any information related to the company's financial performance or operational results.