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SXE > SEC Filings for SXE > Form 8-K on 2-Apr-2013All Recent SEC Filings

Show all filings for SOUTHCROSS ENERGY PARTNERS, L.P. | Request a Trial to NEW EDGAR Online Pro



Change in Directors or Principal Officers, Financial Statements

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

On April 1, 2013, Bruce A. Williamson was elected to the Board of Directors (the "Board") of Southcross Energy Partners GP, LLC (the "General Partner"), the general partner of Southcross Energy Partners, L.P. (the "Partnership"). In addition, Mr. Williamson was appointed to serve on the Audit Committee, the Compensation Committee, and the Conflicts Committee of the Board.

The Board has determined that Mr. Williamson is an independent director within the rules of the NYSE and Rule 10A-3 of the Securities Exchange Act of 1934, as amended (the "Exchange Act").

Mr. Williamson will participate in the Partnership's Non-Employee Director Compensation Arrangement, a copy of which is set forth in the Partnership's Current Report on Form 8-K filed with the Securities and Exchange Commission on January 16, 2013. In addition, pursuant to the Partnership's Non-Employee Director Deferred Compensation Plan, under which the non-employee directors of the General Partner may defer receipt of the compensation payable to them for service as directors, Mr. Williamson was issued 2,993 of the Partnership's phantom units as a result of his election to defer the approximately $75,000 in common units issuable to him under the Partnership's Non-Employee Director Compensation Arrangement.

The Partnership issued a press release regarding Mr. Williamson's appointment to the Board, a copy of which is furnished as Exhibit 99.1 to this Current Report on Form 8-K. Exhibit 99.1 shall not be deemed "filed" for purposes of
Section 18 of the Exchange Act, or otherwise subject to the liabilities of that Section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Number                                 Description
99.1      Press Release of Southcross Energy Partners, L.P. dated April 2, 2013.

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