-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KRFmp/B0ggdgaODmjrp/L4VI8DwPyU+kJXmN2/ktlguRMPZRr4MnV26fmTvNFSDN JqrIUWOpnf46T0lQ1+CDNw== 0001104659-06-025416.txt : 20060417 0001104659-06-025416.hdr.sgml : 20060417 20060417152913 ACCESSION NUMBER: 0001104659-06-025416 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20060413 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060417 DATE AS OF CHANGE: 20060417 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PACIFIC ENERGY PARTNERS LP CENTRAL INDEX KEY: 0001168397 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 680490580 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31345 FILM NUMBER: 06762253 MAIL ADDRESS: STREET 1: 5900 CHERRY AVE CITY: LOS ANGELES STATE: CA ZIP: 90805 4405 8-K 1 a06-5454_18k.htm CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES

 

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)
April 13, 2006

 

PACIFIC ENERGY PARTNERS, L.P.

(Exact name of registrant as specified in its charter)

 

Delaware

 

1-31345

 

68-0490580

(State or other jurisdiction of
incorporation or organization)

 

(Commission
File Number)

 

(IRS Employer
Identification No.)

 

5900 Cherry Avenue
Long Beach, CA  90805
(Address of principal executive office)

 

(562) 728-2800
(Registrant’s 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:

 

o  Written communications pursuant to Rule 425 under the Securities Act  (17 CFR 230.425)

 

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12 )

 

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 



 

ITEM  8.01.                            Other Events

 

On April 13, 2006, Pacific Energy Partners, L.P. issued a press release announcing that Irvin Toole, Jr., President, Chief Executive Officer, and Director of its general partner, intends to retire later this year upon the naming of his successor and after an appropriate transition period. The press release is being furnished with this Current Report on Form 8-K as Exhibit 99.1 and is incorporated by reference herein. The information regarding the press release provided in this Item 8.01 (including Exhibit 99.1) shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be incorporated by reference in any filing made by the Partnership pursuant to the Act, other than to the extent that such filing incorporates by reference any or all of such information by express reference thereto.

 

ITEM  9.01            FINANCIAL STATEMENTS AND EXHIBITS

 

 

 

99.1

 

Pacific Energy Partners, L.P. Press Release dated April 13, 2006.

 

2



 

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 thereunto duly authorized.

 

 

 

PACIFIC ENERGY PARTNERS, L.P.

 

 

 

By:

PACIFIC ENERGY GP, LP,

 

 

its general partner

 

 

 

 

By:

PACIFIC ENERGY MANAGEMENT LLC,

 

 

its general partner

 

 

 

 

By:

/S/ GERALD A. TYWONIUK

 

 

 

Gerald A. Tywoniuk

 

 

Senior Vice President and Chief Financial Officer

 

 

 

 

Dated: April 17, 2006

 

 

3



 

EXHIBIT INDEX

 

Exhibit 99.1.           Pacific Energy Partners, L.P. Press Release dated April 13, 2006.

 

4


EX-99.1 2 a06-5454_1ex99d1.htm EX-99

Exhibit 99.1

 

PACIFIC ENERGY PARTNERS, L.P.

 

5900 Cherry Avenue

 

 

Long Beach, California 90805

 

 

 

Contact:

 

Jennifer Shigei

 

 

 

 

Manager, Investor Relations

 

News Release

 

 

562/728-2871

 

 

 

 

562/728-2881 (FAX)

 

 

 

 

JShigei@PacificEnergy.com

 

 

 

 

 

 

 

 

 

New York Stock Exchange (PPX)

 

 

 

FOR IMMEDIATE RELEASE

 

PACIFIC ENERGY PARTNERS, L.P. ANNOUNCES

PLANNED RETIREMENT OF CHIEF EXECUTIVE OFFICER

 

Long Beach, California, April 13, 2006….Pacific Energy Partners, L.P. (NYSE:PPX) (“Pacific Energy”) announced that Irvin Toole, Jr., President and Chief Executive Officer of its general partner, has decided to retire after almost 40 years of service in the oil pipeline industry. His retirement will occur later this year following the naming of his successor and an appropriate transition period. Russell Reynolds Associates, Inc. has been retained to conduct a search for Mr. Toole’s successor, and they are currently interviewing both external and internal candidates.

 

Mr. Toole has served as President and Chief Executive Officer of Pacific Energy and its predecessor companies since formation of the initial predecessor company in 1998. Under his leadership, Pacific Energy has grown from a 130-mile pipeline operation in Southern California to a publicly-traded entity with over 5,000 miles of pipeline and 20 million barrels of storage capacity in California, the Rocky Mountain region, including Alberta, Canada, and the East Coast. The enterprise value of Pacific Energy is now approximately $1.8 billion. Prior to joining the Pacific Energy organization, Mr. Toole served as Chairman, President and CEO of Santa Fe Pacific Pipeline Partners, L.P. from 1991 to 1998. He began his career in 1965 with Conoco Pipeline Company.

 

About Pacific Energy:

 

Pacific Energy Partners, L.P. is a master limited partnership headquartered in Long Beach, California. Pacific Energy is engaged principally in the business of gathering, transporting, storing and distributing crude oil, refined products and other related products. Pacific Energy generates revenues by transporting such commodities on its pipelines, by leasing capacity in its storage facilities and by providing other terminaling services. Pacific Energy also buys and sells crude oil, activities that are generally complementary to its crude oil operations. Pacific Energy conducts its business through two business units, the West Coast Business Unit, which includes activities in California and the Philadelphia, PA area, and the Rocky Mountain Business Unit, which includes activities in five Rocky Mountain states and Alberta, Canada.

 

This news release may include “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included or incorporated herein may constitute forward-looking statements. Although Pacific Energy believes that the forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. The forward-looking statements involve risks and uncertainties that may affect Pacific Energy’s operations and financial performance. Among the factors that could cause results to differ materially are those risks discussed in Pacific Energy’s filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2005.

 

For additional information about the partnership, please visit www.PacificEnergy.com.

 

###

 


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