-----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, UlRRMKbm4r0Lc/aRsoKslxkngYgnyTsWNvQJWvrQNYncwl83AWl4DqanmcWih5tP WFiTEfaDnoUXas+N/IbA2Q== 0001144204-08-025601.txt : 20080501 0001144204-08-025601.hdr.sgml : 20080501 20080501172504 ACCESSION NUMBER: 0001144204-08-025601 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080428 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers FILED AS OF DATE: 20080501 DATE AS OF CHANGE: 20080501 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BreitBurn Energy Partners L.P. CENTRAL INDEX KEY: 0001357371 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 743169953 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33055 FILM NUMBER: 08795758 BUSINESS ADDRESS: STREET 1: 515 SOUTH FLOWER STREET, SUITE 4800 CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: (213) 225-5900 MAIL ADDRESS: STREET 1: 515 SOUTH FLOWER STREET, SUITE 4800 CITY: LOS ANGELES STATE: CA ZIP: 90071 8-K 1 v112483.htm
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 28, 2008
 
BREITBURN ENERGY PARTNERS L.P.
(Exact name of Registrant as specified in its charter)
 

Delaware
 (State or other jurisdiction of
incorporation or organization)
 
001-33055
 (Commission
File Number)
 
74-3169953
 (I.R.S. Employer
Identification No.)
 
 
515 South Flower Street, Suite 4800
Los Angeles, CA 90071
(Address of principal executive office)
 
(213) 225-5900
(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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
 
On April 28, 2008, the board of directors of BreitBurn GP, LLC (the “Company”), the general partner of BreitBurn Energy Partners L.P. (the “Partnership”) on behalf of the Partnership approved, in principle, a severance program in which two of the Company’s named executive officers may participate. Under the approved terms of the program, in the event that (1) a transaction is completed on or prior to December 31, 2008 (or later, if extended by the board of directors) that constitutes a “change in control” as a result of Provident Energy Trust’s efforts to sell its interests in the Partnership and (2) Mr. Chris E. Williamson and/or Mr. W. Jackson Washburn’s employment is terminated without cause in connection with a transaction or within one year of the completion of such a transaction, Messrs. Williamson and Washburn, as applicable, will be entitled to receive a payment equal to 1.25 times the sum of (a) their respective base salaries, plus (b) their respective target short-term incentive plan bonus amounts. The executives may also be eligible for other severance benefits, such as extended medical and dental insurance coverage for a period of time after their termination. The terms of the severance program remain subject to adoption of the definitive plan documentation based on the foregoing terms approved by the board of directors.
 
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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 hereunto duly authorized.
 
 
 
BREITBURN ENERGY PARTNERS L.P.
     
   
By:
BreitBurn GP, LLC,
   
its general partner
 
 
 
 
 
 
 
 
Date: May 1, 2008
 
By:
 
/s/Halbert S. Washburn
 
 
 
 
Halbert S. Washburn
 
 
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