0001193125-15-308365.txt : 20150831 0001193125-15-308365.hdr.sgml : 20150831 20150831172401 ACCESSION NUMBER: 0001193125-15-308365 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20150828 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20150831 DATE AS OF CHANGE: 20150831 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Atlas Resource Partners, L.P. CENTRAL INDEX KEY: 0001532750 STANDARD INDUSTRIAL CLASSIFICATION: DRILLING OIL & GAS WELLS [1381] IRS NUMBER: 453591625 STATE OF INCORPORATION: DE FISCAL YEAR END: 1103 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35317 FILM NUMBER: 151085801 BUSINESS ADDRESS: STREET 1: PARK PLACE CORPORATE CENTER ONE STREET 2: 1000 COMMERCE DRIVE, 4TH FLOOR CITY: PITTSBURGH STATE: PA ZIP: 15275 BUSINESS PHONE: 412-489-0006 MAIL ADDRESS: STREET 1: PARK PLACE CORPORATE CENTER ONE STREET 2: 1000 COMMERCE DRIVE, 4TH FLOOR CITY: PITTSBURGH STATE: PA ZIP: 15275 8-K 1 d75030d8k.htm FORM 8-K Form 8-K

 

 

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): August 28, 2015

 

 

Atlas Resource Partners, L.P.

(Exact name of registrant as specified in its charter)

 

 

Commission File Number: 001-35317

 

Delaware   45-3591625
(State or other jurisdiction   (IRS Employer
of incorporation)   Identification No.)

Park Place Corporate Center One

1000 Commerce Drive, Suite 400

Pittsburgh, PA 15275

(Address of principal executive offices, including zip code)

800-251-0171

(Registrant’s telephone number, including area code)

 

(Former name or former address, if changed since last report)

 

 

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:

 

¨ 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 (17 CFR 240.14a-12)

 

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

 

¨ 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 August 31, 2015, Atlas Resource Partners, L.P. (the “Partnership”) and Atlas Energy Group, LLC, its general partner (the “Company” and collectively with the Partnership, “Atlas”) announced that, on August 28, 2015, Sean P. McGrath informed Atlas that he is resigning from his position as the Chief Financial Officer effective September 18, 2015 (the “Effective Date”). On August 30, 2015, the Board appointed Atlas’ Chief Accounting Officer, Jeffrey M. Slotterback, to the position of Chief Financial Officer, effective as of the Effective Date. Mr. McGrath will be pursuing other business activities outside of the energy industry, and his resignation was not due to any views on Atlas’ financial position nor does it reflect any disagreement with management or Atlas. Mr. McGrath will work with management to effectuate a smooth transition.

Mr. Slotterback, 33, has served as Chief Accounting Officer since March 2012. He served as the Chief Accounting Officer of the general partner of Atlas Energy, L.P. from March 2011 until February 2015. Mr. Slotterback was the Manager of Financial Reporting for Atlas Energy, Inc. from July 2009 until February 2011 and then served as the Manager of Financial Reporting for Atlas Energy GP, LLC from February 2011 until March 2011. Mr. Slotterback served as the Manager of Financial Reporting for both Atlas Energy GP, LLC and Atlas Pipeline Partners GP, LLC from May 2007 until July 2009. Mr. Slotterback was a Senior Auditor at Deloitte and Touche, LLP from 2004 until 2007, where he focused on energy and health care clients. Mr. Slotterback is a Certified Public Accountant.

A copy of Atlas’ press release is attached hereto as Exhibit 99.1.

On August 30, 2015, the Board of Directors of the Company, appointed the following individuals to act and serve as officers with respect to the Partnership, with the titles of such officers in respect of the Partnership set forth opposite their name. Such appointments are effective as of August 30, 2015, with the exception of Jeffrey Slotterback, whose position as Chief Financial Officer of the Partnership is effective as of the Effective Time:

Edward E. Cohen –Executive Chairman of ARP

Jonathan Z. Cohen – Executive Vice Chairman of ARP

Daniel C. Herz – Chief Executive Officer of ARP

Mark D. Schumacher – President of ARP

Jeffrey M. Slotterback – Chief Financial Officer and Chief Accounting Officer of ARP

Edward E. Cohen, 76, has been the Chief Executive Officer of the Company since February 2015 and President from February 2015 to April 2015, and before that was Chairman and Chief Executive Officer since February 2012. Mr. Cohen was the Chairman of the Board of Atlas Energy, L.P.’s general partner from its formation in January 2006 until February 2011, when he became its Chief Executive Officer and President until February 2015. Mr. Cohen served as the Chief Executive Officer of Atlas Energy, L.P.’s general partner from its formation in January 2006 until February 2009. Mr. Cohen served on the executive committee of Atlas Energy, L.P.’s general partner from 2006 until February 2015. Mr. Cohen also was the Chairman of the Board and Chief Executive Officer of Atlas Energy, Inc. (formerly known as Atlas America, Inc.) from its organization in 2000 until the consummation of the Chevron Merger in February 2011 (the “Chevron Merger”), and also served as its President from September 2000 until October 2009. Mr. Cohen was the Executive Chair of the managing board of Atlas Pipeline Partners GP, LLC (“Atlas Pipeline GP”) from its formation in 1999 until February 2015. Mr. Cohen was the Chief Executive Officer of Atlas Pipeline GP from 1999 to January 2009. Mr. Cohen was the Chairman of the


Board and Chief Executive Officer of Atlas Energy Resources, LLC and its manager, Atlas Energy Management, Inc., from their formation in June 2006 until the consummation of the Chevron Merger February 2011. In addition, Mr. Cohen has been Chair of the Board of Directors of Resource America, Inc. (a publicly-traded specialized asset management company) since 1990, and was its Chief Executive Officer from 1988 until 2004, and President from 2000 until 2003; Chair of the Board of Resource Capital Corp. (a publicly-traded real estate investment trust) since its formation in September 2005 until November 2009 and currently serves on its board; and Chair of the Board of Brandywine Construction & Management, Inc. (a property management company) since 1994. Mr. Cohen is the father of Jonathan Z. Cohen.

Jonathan Z. Cohen, 45, has served as the Executive Chairman of the Board of the Company since February 2015, and before that was Vice Chairman since February 2012. Mr. Cohen served as Executive Chairman of the Board of Atlas Energy, L.P.’s general partner from January 2012 until February 2015. Before that, he served as Chairman of the Board of Atlas Energy, L.P.’s general partner from February 2011 until January 2012 and as Vice Chairman of the Board of its general partner from its formation in January 2006 until February 2011. Mr. Cohen served as chairman of the executive committee of Atlas Energy, L.P.’s general partner from 2006 until February 2015. Mr. Cohen was the Vice Chairman of the Board of Atlas Energy, Inc. from its incorporation in September 2000 until the consummation of the Chevron Merger in February 2011. Mr. Cohen was the Executive Vice Chair of the managing board of Atlas Pipeline GP from its formation in 1999 until February 2015. Mr. Cohen was the Vice Chairman of the Board of Atlas Energy Resources, LLC and its manager, Atlas Energy Management, Inc., from their formation in June 2006 until the consummation of the Chevron Merger in February 2011. Mr. Cohen has been a senior officer of Resource America, Inc. (a publicly-traded specialized asset management company) since 1998, serving as the Chief Executive Officer since 2004, President since 2003 and a director since 2002. Mr. Cohen has been Chief Executive Officer, President and a director of Resource Capital Corp. since its formation in 2005. Mr. Cohen is a son of Edward E. Cohen.

Daniel C. Herz, 38, has served as President of the Company since April 2015. Mr. Herz served as Senior Vice President of Corporate Development and Strategy for the Company and its predecessors since 2007, and was Vice President of Corporate Development from 2004 through 2007. Mr. Herz served as Senior Vice President of Corporate Development of Atlas Pipeline Partners from August 2007 until its sale to Targa Resources in February 2015, and Vice President of Corporate Development from December 2004 until August 2007. Mr. Herz also served as Senior Vice President of Corporate Development of Atlas Energy, Inc. and Atlas Energy Resources, LLC from August 2007 until its sale to Chevron Corporation in February 2011, and Vice President of Corporate Development from December 2004 until August 2007.

Mark D. Schumacher, 53, has served as Senior Vice President of the Company since April 2015 and had served as Chief Operating Officer from October 2013 to April 2015. He had served as Executive Vice President of Atlas Energy, L.P. from July 2012 to October 2013. From October 2013 to, he served as Chief Operating Officer of From August 2008 to July 2012, Mr. Schumacher served as President of Titan Operating, LLC, which ARP acquired in July 2012. From November 2006 until August 2008, Mr. Schumacher served as President of Titan Resources, LLC, which built an acreage position in the Barnett Shale that it sold to XTO Energy in October 2008. From February 2005 to November 2006, Mr. Schumacher served as the Team Lead of EnCana Oil & Gas (USA) Inc. where he was responsible for Encana’s Barnett Shale development.


Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

 

Exhibit
Number

  

Description

Exhibit 99.1    Press Release dated August 31, 2015


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.

 

    ATLAS RESOURCE PARTNERS, L.P.
    By:   Atlas Energy Group, LLC, its general partner
Dated: August 31, 2015     By:  

/s/ Lisa Washington

    Name:   Lisa Washington
    Title:   Vice President, Chief Legal Officer and Secretary
EX-99.1 2 d75030dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

 

LOGO    LOGO

NEWS RELEASE

 

Contact:    Brian Begley
  

Vice President - Investor Relations

(877) 280-2857

(215) 405-2718 (fax)

ATLAS COMPANIES APPOINT JEFFREY M. SLOTTERBACK AS CHIEF FINANCIAL OFFICER

PHILADELPHIA, PA – August 31, 2015 – Atlas Energy Group, LLC (NYSE: ATLS) and Atlas Resource Partners, L.P. (NYSE: ARP) today announced the appointment of Jeffrey M. Slotterback as Chief Financial Officer of both ATLS and ARP, which will take effect as of September 18th.

Mr. Slotterback currently serves as Chief Accounting Officer of both Atlas companies, which has been his position since March 2011. In addition, Mr. Slotterback has served in senior financial management positions at Atlas and Atlas predecessor companies since May 2007. Prior to joining Atlas, Mr. Slotterback was a Senior Auditor at Deloitte and Touche, LLP, where he focused on energy and health care clients. Mr. Slotterback graduated from Muhlenberg College with a BA in Accounting and is a Certified Public Accountant (PA). Mr. Slotterback will continue to serve as Chief Accounting Officer, and will oversee the financial reporting and corporate finance activities in his position.

Edward E. Cohen, Chief Executive Officer of Atlas Energy, stated, “We are very pleased to welcome Jeff into his new role, one in which we are confident he will perform exceptionally as he has for us for many years. Jeff’s deep understanding of our industry and capital structure through numerous complex transactions has made him uniquely qualified to lead the financial functions of our companies. We expect that Jeff will continue to be a strong asset to our executive management team as we look to further grow our enterprises.”

Sean McGrath, currently Chief Financial Officer of ATLS and ARP, will be pursuing other business activities outside of the energy industry and will transition his role with Mr. Slotterback over the next several weeks. Mr. McGrath’s decision was not due to any views on the companies’ financial position or any disagreements with management.

Edward Cohen added, “I would also like to thank Sean for his tremendous contributions during his tenure here at Atlas. All of Sean’s efforts helped make possible our substantial accomplishments over the past decade, and we wish him much success in his future endeavors.”


Sean McGrath stated, “I am happy to transition the Chief Financial Officer role to Jeff, who is someone that I have had the pleasure of working alongside for many years at Atlas. Jeff will continue to be a solid leader within the organization. I would like to thank Atlas management and all of the employees for a very fulfilling experience over the last ten years.”

Atlas Energy Group, LLC (NYSE: ATLS) is a limited liability company which owns the following interests: all of the general partner interest, incentive distribution rights and an approximate 25% limited partner interest in its upstream oil & gas subsidiary, Atlas Resource Partners, L.P.; the general partner interests, incentive distribution rights and limited partner interests in Atlas Growth Partners, L.P.; and a general partner interest in Lightfoot Capital Partners, an entity that invests directly in energy-related businesses and assets. For more information, please visit our website at www.atlasenergy.com, or contact Investor Relations at InvestorRelations@atlasenergy.com.

Atlas Resource Partners, L.P. (NYSE: ARP) is an exploration & production master limited partnership which owns an interest in over 14,500 producing natural gas and oil wells, located primarily in Appalachia, the Barnett Shale (TX), the Mississippi Lime (OK), the Eagle Ford Shale (TX), the Raton Basin (NM), Black Warrior Basin (AL) and the Rangely Field (CO). ARP is also the largest sponsor of natural gas and oil investment partnerships in the U.S. For more information, please visit our website at www.atlasresourcepartners.com, or contact Investor Relations at InvestorRelations@atlasenergy.com.

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