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TTI > SEC Filings for TTI > Form 8-K on 26-Jun-2014All Recent SEC Filings

Show all filings for TETRA TECHNOLOGIES INC



Entry into a Material Definitive Agreement, Financial Statements and Exhib

Item 1.01 Entry into a Material Definitive Agreement.

On June 20, 2014, TETRA Technologies, Inc. ("TETRA"), Compressco Partners, L.P.
(the "Partnership"), and Compressco Partners GP Inc. (the "General Partner")
entered into a First Amendment to Omnibus Agreement (the "First Amendment"). The First Amendment amended the Omnibus Agreement previously entered into by TETRA, the Partnership, and the General Partner on June 20, 2011 (the "Omnibus Agreement") to extend the term thereof. The Omnibus Agreement originally provided that it would terminate upon the earlier of (i) a change of control of the General Partner or TETRA, or (ii) the third anniversary thereof, or June 20, 2014. The First Amendment provides that the Omnibus Agreement will continue and terminate on the earlier of (i) a change of control of the General Partner or TETRA, or (ii) upon any party providing at least 180 days' prior written notice of termination.

The foregoing description of the First Amendment is qualified in its entirety by reference to the full text of the First Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated in this Item 1.01 by reference.

Each of the Partnership and the General Partner is either a direct or indirect subsidiary of TETRA. As a result, certain individuals, including officers and directors of TETRA and the General Partner, serve as officers and/or directors of one or more of such entities. In addition, TETRA (as of the date of this Current Report on Form 8-K) owns an indirect 81.6% limited partner interest in the Partnership through one or more subsidiaries and a 2% general partner interest and incentive distribution rights in the Partnership through TETRA's indirect ownership of the General Partner.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.
Exhibit Number                              Description
10.1             First Amendment to Omnibus Agreement, dated June 20, 2014, by and
                 among TETRA Technologies, Inc., Compressco Partners, L.P., and
                 Compressco Partners GP Inc.

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