UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
Date of report: January 29, 2019
Commission file number 1- 33198
TEEKAY OFFSHORE PARTNERS L.P.
(Exact name of Registrant as specified in its charter)
4th Floor, Belvedere Building, 69 Pitts Bay Road, Hamilton, HM 08, Bermuda
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1).
Yes ☐ No ☒
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7).
Yes ☐ No ☒
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Item I Information Contained in this Form 6-K Report
Engagement of new independent registered public accounting firm:
On January 16, 2019, as a result of a competitive request for proposal process undertaken by the audit committee (the Audit Committee) of the Board of Directors of Teekay Offshore GP L.L.C. (the Company), on behalf of the Company as the general partner of Teekay Offshore Partners L.P. (the Partnership), the Audit Committee approved the engagement of Ernst & Young LLP (EY) to serve as the Partnerships independent registered public accounting firm for the Partnerships fiscal year ending December 31, 2019, subject to completion of EYs standard client acceptance procedures and execution of an engagement letter.
Prior to the commencement of the request for proposal process and formally on January 16, 2019, KPMG LLP (KPMG) notified the Partnership that, after its completion of the current audit of the Partnerships financial statements for the year ended December 31, 2018, KPMG would decline to stand for re-appointment as the Partnerships independent registered public accounting firm for the Partnerships audit and for the quarterly reviews of the Partnerships financial statements for the year ending December 31, 2019.
The reports of KPMG on the consolidated financial statements of the Partnership as of and for the fiscal years ended December 31, 2016 and 2017 did not contain an adverse opinion or a disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principle.
During the fiscal years ended December 31, 2016 and 2017 and the subsequent interim period through January 16, 2019, there were no disagreements with KPMG on any matters of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements if not resolved to the satisfaction of KPMG would have caused KPMG to make reference thereto in their reports on the financial statements of the Partnership for such fiscal periods.
During the fiscal years ended December 31, 2016 and 2017 and the subsequent interim period through January 16, 2019, there were no reportable events (as defined in SEC Regulation S-K Item 304(a)(1)(v)).
The Partnership provided KPMG with a copy of this Report on Form 6-K, and requested that KPMG furnish the Partnership with a letter addressed to the Securities and Exchange Commission (SEC) stating whether KPMG agrees with the disclosure contained in this Report on Form 6-K or, if not, stating the respects in which it does not agree. The Partnership has received the requested letter from KPMG and a copy of KPMGs letter is filed as Exhibit 16.1 to this Report on Form 6-K.
During the fiscal years ended December 31, 2016 and 2017 and the subsequent period through January 16, 2019, none of the Company, the Partnership, or anyone on the Companys or the Partnerships behalf consulted with EY regarding either:
(a) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Partnerships financial statements, and no written report or oral advice of EY was provided to the Company, as the general partner for the Partnership, or to the Partnership, that EY concluded was an important factor considered by the Company or the Partnership in reaching a decision as to the accounting, auditing or financial reporting issue; or
(b) any matter that was either the subject of a disagreement (as defined in SEC Regulation S-K Item 304(a)(1)(iv) and the related instructions), or a reportable event (as defined in Item 304(a)(1)(v) of SEC Regulation S-K).
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Item 2 Exhibit
The following exhibit is filed as part of this Report:
16.1 Letter of KPMG LLP, dated January 28, 2019, regarding change in independent registered public accounting firm.
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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.
TEEKAY OFFSHORE PARTNERS L.P. | ||||||||
By: | Teekay Offshore GP L.L.C., its general partner | |||||||
Date: January 29, 2019 |
By: | /s/ Edith Robinson | ||||||
Edith Robinson | ||||||||
Secretary |
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Exhibit 16.1
[KPMG LLP LETTERHEAD]
January 28, 2019
Securities and Exchange Commission
Washington, D.C. 20549
Ladies and Gentlemen:
We are currently principal accountants for Teekay Offshore Partners L.P. (the Partnership) and, under the date of March 21, 2018, we reported on the consolidated financial statements of the Partnership as of and for the years ended December 31, 2017 and 2016. On January 16, 2019, we were notified that the Partnership has approved the engagement of Ernst & Young LLP as its principal accountant for the year ending December 31, 2019 and that the auditor-client relationship with KPMG LLP will cease upon completion of the audit of the Partnerships consolidated financial statements as of and for the year ended December 31, 2018, and the issuance of our report thereon.
We have read the Partnerships statements included under Form 6-K dated January 28, 2019, and we agree with such statements, except that we are not in a position to agree or disagree with the Partnerships statement that the change was approved by the audit committee of the Board of Directors of Teekay Offshore GP L.L.C. (the Company), on behalf of the Company as the general partner of the Partnership and we are not in a position to agree or disagree with the Partnerships statement that Ernst & Young LLP was not engaged regarding the application of accounting principles to a specified transaction or the type of audit opinion that might be rendered on the Partnerships consolidated financial statements.
Yours very truly,
/s/ KPMG LLP
Chartered Professional Accountants
Vancouver, Canada