8-KLeadership ChangesRegulation FDExhibits & Filings

ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Executive Changes (Sep 23, 2011)

Filed September 23, 2011For Securities:EPDEPDU

Summary

This 8-K filing from Enterprise Products Partners L.P. (EPD) announces a significant change in the composition of its Board of Directors, effective September 23, 2011. The sole member of Enterprise Products Holdings LLC, Dan Duncan LLC, elected an entirely new slate of directors to the Board of the general partner of the Partnership. This includes the addition of three new members: Larry J. Casey, Richard S. Snell, and W. Randall Fowler, while Charles M. Rampacek was not reelected. Investors should note the appointments of the new directors to key committees: Mr. Snell to the Audit and Conflicts Committee and Mr. Casey to the Governance Committee. The filing also details the recomposition of these committees with new chairmen and members. The press release announcing these changes is furnished as an exhibit. This strategic shift in board leadership could signal future operational or governance adjustments for the Partnership.

Key Highlights

  • 1Complete reconstitution of the Board of Directors for Enterprise Products Partners L.P.'s general partner, effective September 23, 2011.
  • 2Three new directors appointed: Larry J. Casey, Richard S. Snell, and W. Randall Fowler.
  • 3Charles M. Rampacek was not reelected to the Board.
  • 4Richard S. Snell appointed to the Audit and Conflicts Committee.
  • 5Larry J. Casey appointed to the Governance Committee.
  • 6Audit and Conflicts Committee now includes Charles E. McMahen (Chairman), Rex C. Ross, and Richard S. Snell.
  • 7Governance Committee now includes E. William Barnett (Chairman), Thurmon M. Andress, Larry J. Casey, and Edwin E. Smith.
  • 8The changes were announced via a press release furnished as Exhibit 99.1.

Frequently Asked Questions

The main purpose of this filing is to announce a significant change in the Board of Directors of Enterprise Products Partners L.P.'s general partner, effective September 23, 2011. It details the election of a new slate of directors, including new appointments and committee reconfigurations.

The three new directors appointed to the Board are Larry J. Casey, Richard S. Snell, and W. Randall Fowler.

Yes, Charles M. Rampacek, who served as a director prior to September 23, 2011, was not reelected to the Board.

The appointment of new members to the Audit and Conflicts Committee (Richard S. Snell) and the Governance Committee (Larry J. Casey), along with the recomposition of these committees, indicates potential shifts in oversight and strategic direction. Investors should monitor the activities of these committees for any governance or financial reporting changes.