UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Securities Exchange Act of 1934
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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:
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Ferrellgas Partners, L.P.
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Ferrellgas Partners Finance Corp.
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Ferrellgas, L.P.
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Ferrellgas Finance Corp.
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Resignation of Brian W. Herrmann as Interim Chief Financial Officer and Treasurer
On July 7, 2021, Brian W. Herrmann tendered his resignation as Interim Chief Financial Officer and Treasurer of Ferrellgas, Inc., the general partner (the “General Partner”) of Ferrellgas Partners, L.P. (“Ferrellgas Partners”) and Ferrellgas, L.P. (collectively, “Ferrellgas”). Effective as of that date, Mr. Herrmann ceased to serve as the Interim Chief Financial Officer and Treasurer of the General Partner and in all other capacities previously held by him with Ferrellgas and its subsidiaries, including Ferrellgas Partners Finance Corp. and Ferrellgas Finance Corp. The resignation was not the result of any dispute or disagreement with Ferrellgas’ independent auditors, any member of management or the General Partner’s board of directors related to the operations, policies or practices of Ferrellgas.
On July 9, 2021, the General Partner entered into a separation and release agreement with Mr. Herrmann (the “Separation Agreement”) setting forth the terms of separation. Among other matters, the Separation Agreement provides for the separation of Mr. Herrmann’s employment with Ferrellgas effective as of July 7, 2021, and a lump-sum cash severance payment by Ferrellgas in the amount of $52,164.00, to be paid to Mr. Herrmann within sixty days of the separation date. The Separation Agreement also provides for the release by Mr. Herrmann of any and all existing or potential claims against Ferrellgas, subject to customary exceptions. The foregoing summary of the Separation Agreement does not purport to be complete and is qualified by reference to the Separation Agreement, a copy of which is filed herewith as Exhibit 10.1.
The General Partner has been engaged in an ongoing search for a Chief Financial Officer to replace the Interim Chief Financial Officer.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
Exhibit No. |
| Description |
10.1 | Separation Agreement, dated July 9, 2021, among General Partner and Brian W. Herrmann. | |
104 | Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101) |
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.
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| Ferrellgas Partners, L.P. By: Ferrellgas, Inc., its general partner | ||
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Date: July 9, 2021 |
| By: |
| /s/ James E. Ferrell |
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| Chief Executive Officer and President |
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| Ferrellgas Partners Finance Corp. | ||
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Date: July 9, 2021 |
| By: |
| /s/ James E. Ferrell |
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| Chief Executive Officer and President |
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| Ferrellgas, L.P. By: Ferrellgas, Inc., its general partner | ||
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Date: July 9, 2021 |
| By: |
| /s/ James E. Ferrell |
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| Chief Executive Officer and President |
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| Ferrellgas Finance Corp. | ||
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Date: July 9, 2021 |
| By: |
| /s/ James E. Ferrell |
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| Chief Executive Officer and President |