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 20, 2015
Commission file number 001-32953
ATLAS ENERGY, L.P.
(Exact name of registrant as specified in its charter)
Delaware | 43-2094238 | |
(State of incorporation or organization) |
(I.R.S. Employer Identification No.) |
Park Place Corporate Center One
1000 Commerce Drive, Suite 400
Pittsburgh, PA 15275
(Address of principal executive offices) (Zip code)
Registrants telephone number, including area code: (412) 489-0006
(Former name or former address, if changed since last report)
Check the appropriate box if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
x | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (127 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (27 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (27 CFR 240.13e-4(c)) |
Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Resignation of Directors
Each of Carlton M. Arrendell, Mark C. Biderman, Edward E. Cohen, Dennis A. Holtz, Walter C. Jones, Jeffrey F. Kupfer and Ellen F. Warren resigned from the Board of Directors (the Board) of the general partner of Atlas Energy, L.P. (Atlas Energy), effective at and conditioned upon the effective time of the planned merger (the ATLS Merger) of Atlas Energy with a subsidiary of Targa Resources Corp. (TRC) pursuant to that certain Agreement and Plan of Merger, dated as of October 13, 2014, by and among TRC, Trident GP Merger Sub LLC, Atlas Energy and the general partner of Atlas Energy (the ATLS Merger Agreement).
Item 5.07 | Submission of Matters to a Vote of Security Holders. |
On February 20, 2015, Atlas Energy held a Special Meeting of Unitholders (the Special Meeting). At the Special Meeting, Atlas Energys unitholders were requested to consider and vote upon: (1) a proposal to approve and adopt the ATLS Merger Agreement and approve the ATLS Merger (the ATLS Merger Proposal); and (2) a proposal to approve, on an advisory, non-binding basis, the compensation payments that will or may be paid by Atlas Energy to its named executive officers in connection with the ATLS Merger (the ATLS Compensation Proposal).
The following are the final voting results on proposals considered and voted upon at the Special Meeting. These final voting results replace the preliminary results announced by Atlas Energy on February 20, 2015. As of January 22, 2015, the record date for the Special Meeting, there were 51,996,580 Atlas Energy common units outstanding.
1. | The ATLS Merger Proposal was approved by the following vote: |
VOTES FOR |
VOTES AGAINST |
VOTES ABSTAINED |
BROKER NON- |
|||||||||||
27,474,503 | 157,189 | 39,609 | 0 |
2. | The ATLS Compensation Proposal was approved by the following vote: |
VOTES FOR |
VOTES AGAINST |
VOTES ABSTAINED |
BROKER NON- |
|||||||||||
19,114,983 | 7,780,602 | 775,716 | 0 |
Also on February 20, 2015, Atlas Pipeline Partners, L.P. (NYSE: APL) (APL) held a special meeting of its unitholders to consider and vote upon matters related to the Agreement and Plan of Merger, dated as of October 13, 2014, by and among TRC, Targa Resources Partners LP (NYSE: NGLS) (TRP), the general partner of TRP, Trident MLP Merger Sub, LLC, Atlas Energy, APL and the general partner of APL (the APL Merger Agreement) and approve the merger of APL with a subsidiary of TRP, as contemplated by the APL Merger Agreement (the APL Merger), and TRC held a special meeting of its stockholders to approve the issuance of shares of TRC common stock in the ATLS Merger, as contemplated by the ATLS Merger Agreement.
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Each of APL and TRC has filed or will file a Current Report on Form 8-K that contains the final voting results from the APL and TRC special meetings, respectively. The final voting results contained in these Forms 8-K will replace the preliminary results of the APL and TRC meetings announced by Atlas Energy on February 20, 2015.
Item 8.01 | Other Items. |
On February 23, 2015, the Board determined that the effective time of the distribution (the Distribution) to the Atlas Energy unitholders of 100% of the common units representing limited liability company interests in Atlas Energy Group, LLC, a wholly owned subsidiary of ATLS that will hold ATLSs assets and liabilities other than those related to its midstream business (AEG), will be after the close of business on February 27, 2015, which is immediately prior to the expected consummation of the ATLS Merger. As previously disclosed, the Distribution is expected to be effective in conjunction with the ATLS Merger and the proposed merger of Atlas Pipeline Partners, L.P. (NYSE: APL) (APL) with Targa Resources Partners LP (NYSE: NGLS) (TRP). The Distribution is subject to the satisfaction or waiver of the conditions to these mergers, and other customary closing conditions, which are described in more detail in AEGs information statement, dated February 9, 2015 (the Information Statement), which is included as Exhibit 99.2 to Atlas Energys Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (the SEC) on February 10, 2015.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained herein are forward-looking statements that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements that involve a number of assumptions, risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements. Readers are cautioned that any forward-looking information is not a guarantee of future performance. Risks and uncertainties related to the proposed transaction include, among others: the risk that the other conditions to the closing of the mergers are not satisfied; potential adverse reactions or changes to business or employee relationships, including those resulting from the announcement or completion of the mergers; uncertainties as to the timing of the mergers; competitive responses to the proposed mergers; costs and difficulties related to the integration of Atlas Energys and APLs businesses and operations with TRCs and TRPs business and operations; the inability to obtain, or delays in obtaining, the cost savings and synergies contemplated by the mergers; uncertainty of the expected financial performance of the combined company following completion of the proposed transaction; unexpected costs, charges or expenses resulting from the mergers; litigation relating to the mergers; the outcome of potential litigation or governmental investigations; the inability to retain key personnel; and any changes in general economic and/or industry specific conditions; and other risks, assumptions and uncertainties detailed from time to time in Atlas Energys, Atlas Resource Partners, L.P.s and APLs reports filed with the SEC, including quarterly reports on Form 10-Q, current reports on Form 8-K and annual reports on Form 10-K. Forward-looking statements speak only as of the date hereof, and we assume no obligation to update such statements, except as may be required by applicable law.
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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 thereunto duly authorized.
ATLAS ENERGY, L.P. | ||||||
By: | Atlas Energy GP, LLC, its general partner | |||||
February 23, 2015 | By: | /s/ Sean McGrath | ||||
Sean McGrath | ||||||
Chief Financial Officer |
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