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AMID > SEC Filings for AMID > Form 8-K on 11-Jun-2014All Recent SEC Filings




Change in Directors or Principal Officers, Financial Statements a

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

On June 5, 2014, American Midstream GP, LLC (the "General Partner"), the general partner of American Midstream Partners, LP (the "Company") entered into a Change of Control Severance Agreement (the "Agreement") with Tom L. Brock, the General Partner's and Company's Vice President, Chief Accounting Officer and Corporate Controller.

Pursuant to the Agreement, Mr. Brock is entitled to certain benefits in the event of a Change of Control, as such term is defined in the Second Amended and Restated American Midstream GP, LLC Long Term Incentive Plan ("LTIP"), filed as Exhibit 10.1 to the Company's Current Report on Form 8-K as filed Securities and Exchange Commission on July 17, 2012.

Upon a Change of Control, all of Mr. Brock's then-unvested phantom units issued to him under the LTIP not previously forfeited will vest as of the closing date of such Change of Control. In addition, if, within six months following a Change of Control, (i) Mr. Brock's employment is terminated, other than for cause, (ii) Mr. Brock's employment location is moved more than 50 miles from its location at the time of the Change of Control and Mr. Brock elects to terminate his employment, (iii) Mr. Brock's employment responsibilities or authority are materially diminished and Mr. Brock elects to terminate his employment, or (iv) Mr. Brock's compensation is materially diminished and Mr. Brock elects to terminate his employment, and the General Partner fails to cure any such (i) -
(iv) within 90 days of receipt of notice from Mr. Brock, Mr. Brock shall be entitled to two years of his base salary at the time of such termination payable in 24 equal monthly installments.

The foregoing summary of the Agreement is qualified in its entirety by reference to the copy of the Agreement attached hereto as Exhibit 10.1 and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits. See "Exhibits Index" attached to this Current Report on Form 8-K, which is incorporated by reference herein.

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