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HCLP > SEC Filings for HCLP > Form 8-K on 19-Nov-2012All Recent SEC Filings

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Form 8-K for HI-CRUSH PARTNERS LP


19-Nov-2012

Change in Directors or Principal Officers


Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 14, 2012, John Affleck-Graves was appointed as an independent director of the board of directors (the "Board") of Hi-Crush GP LLC, the general partner of Hi-Crush Partners LP. Mr. Affleck-Graves will serve as a member of the audit committee and conflicts committee of the Board. Mr. Affleck-Graves will receive a compensation package commensurate with the other independent members of the Board. He will receive an annual retainer of $50,000 and an annual grant, effective on January 1st of each year, of the number of common units having a grant date fair value of approximately $50,000 as of such date. In addition, he will receive an annual retainer of $10,000 for each committee of the Board he serves on or an annual retainer of $25,000 if he serves as a chairman of a committee of the Board.


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