Item
5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
On
November 5, 2019, the board of directors (the “Board”) of Cypress Energy Partners GP, LLC, the General Partner (the
“General Partner”) of Cypress Energy Partners, L.P. (the “Partnership”), approved the Second Amendment
(the “Amendment”) to First Amended and Restated Agreement of Limited Partnership of the Partnership (as amended, the
“Partnership Agreement”), to effect a change in the name of the Partnership from “Cypress Energy Partners, L.P.”
to “Cypress Environmental Partners, L.P.” (the “Name Change”). Sections 2.2 and 13.1(a) of the Partnership
Agreement authorize the General Partner to amend the Partnership Agreement to change the name of the Partnership without the approval
of any Partners. The Amendment will be effective on March 16, 2020. The Name Change will not affect the rights of
the holders of the Partnership’s common units. A copy of the Amendment is attached hereto as Exhibit 3.1 and is incorporated
herein by reference.
On
November 5, 2019, the Board approved the Certificate of Amendment to the Certificate of Limited Partnership of the Partnership
(as amended, the “Certificate of Amendment”), which was filed with the Secretary of State of the State of Delaware
on March 4, 2020, and will become effective on March 16, 2020, to change the name of the Partnership to Cypress Environmental
Partners, L.P. A copy of the Certificate of Amendment is attached hereto as Exhibit 3.2 and is incorporated herein by reference.
The
common units of the Partnership will continue to trade on the New York Stock Exchange under the symbol “CELP.”
In
addition, the Partnership will launch on March 16, 2020 a new corporate website: www.cypressenvironmental.biz.
The Partnership’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, and amendments
to these reports filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended, will
be available on this website on or after March 16, 2020. We will also continue to make available free of charge, within the “Governance
Documents” section of our website at www.cypressenvironmental.biz, the Corporate Governance Guidelines, the Code
of Business Conduct and Ethics and our Audit Committee Charter and any amendments thereto or waivers thereof. The information
contained on, or connected to, our website is not incorporated by reference into this Current Report on Form 8-K and should not
be considered part of this or any other report that we file with or furnish to the SEC.
The
General Partner changed its name from “Cypress Energy Partners GP, LLC” to “Cypress Environmental Partners GP,
LLC” pursuant to the First Amendment to Amended and Restated Limited Liability Agreement of the General Partner (as amended,
the “GP LLC Agreement”) and the First Amendment to the Certificate of Formation of the General Partner (as amended,
the “GP Certificate of Formation”), the latter of which was filed with the Secretary of State of the State of Delaware
on March 4, 2020, and both of which will become effective on March 16, 2020. Copies of the GP LLC Agreement and the
GP Certificate of Formation are attached hereto as Exhibit 3.3 and Exhibit 3.4, respectively, and are incorporated herein by reference.
Also
effective on March 16, 2020, the Partnership’s primary operating subsidiary changed its name from “Cypress Energy
Partners, LLC” to “Cypress Environmental Partners, LLC.”