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Quotes & Info
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| CEP > SEC Filings for CEP > Form 8-K on 22-Jan-2013 | All Recent SEC Filings |
22-Jan-2013
Change in Directors or Principal Officers
On January 18, 2013, Constellation Energy Partners LLC (the "Company") notified Lisa J. Mellencamp, the Company's General Counsel and Corporate Secretary, that it was exercising its right to terminate her employment without cause effective immediately pursuant to Section 3.2(d) of her Amended and Restated Employment Agreement. This termination is part of the Company's previously announced effort to reduce general and administrative overhead expenses. Ms. Mellencamp is eligible for a severance payment pursuant to Section 5.2 of her employment agreement. The Company would like to thank Ms. Mellencamp for her service to the Company.
In the first quarter of 2013, the Company expects to incur a one-time expense of approximately $0.8 million associated with Ms. Mellencamp's termination.
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