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SXE > SEC Filings for SXE > Form 8-K on 30-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

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

Effective April 30, 2013, 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"), appointed Donna A. Henderson as the Chief Accounting Officer of the General Partner, to replace David M. Mueller, who resigned such position as of such date. The Board previously appointed Ms. Henderson as a Vice President of the General Partner on April 1, 2013.

From September 2011 to December 2012, Ms. Henderson, 45, was the Vice President and Chief Audit Executive of GenOn Energy, Inc., which merged into NRG Energy. Prior to that position, Ms. Henderson served as Assistant Controller of GenOn Energy, Inc. and its predecessor companies, RRI Energy, Inc. and Reliant Energy Inc., from July 2005 to September 2011, and held various other leadership roles within the accounting department of that organization since September 2000. From 1996 to 2000, Ms. Henderson held various accounting positions with Lyondell Chemical. Ms. Henderson began her career in Houston, Texas in 1989 with Deloitte & Touché LLP, where she worked until November 1993 when she joined KPMG LLP in Albuquerque, New Mexico, where she worked until 1995. Ms. Henderson holds a Bachelor of Business Administration degree in accounting from Eastern New Mexico University and is a member of the American Institute of Certified Accountants.

Under Ms. Henderson's employment offer letter, she received 15,000 of the Partnership's phantom units pursuant to the Partnership's 2012 Long-Term Incentive Plan (the "LTIP"). Such phantom units vest ratably over a three-year period. In addition, Ms. Henderson will be eligible for severance benefits equal to one times her annual base salary in effect at the time of any termination of her employment, if the General Partner terminates such employment without "Cause" within one year following a "Change of Control" (as such terms are defined in the LTIP, a copy of which has been previously filed by the Partnership with the Securities and Exchange Commission). As a condition to receiving such severance benefit, Ms. Henderson must sign a waiver and release.

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