Current Report Filing (8-k)
July 02 2018 - 6:32AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): June 26, 2018
Tallgrass Energy Partners, LP
(Exact name of registrant as specified in its charter)
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Delaware
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001-35917
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46-1972941
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(State or Other Jurisdiction
of Incorporation or Organization)
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(Commission
File Number)
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(I.R.S. Employer
Identification No.)
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4200 W. 115th Street, Suite 350
Leawood, Kansas
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66211
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(Address of Principal Executive Offices)
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(Zip Code)
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Registrants telephone number, including area code: (913)
928-6060
Check the appropriate box below
if the Form
8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule
14a-12
under the Exchange Act (17 CFR
240.14a-12)
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Pre-commencement
communications pursuant to Rule
14d-2(b)
under the Exchange Act (17 CFR
240.14d-2(b))
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Pre-commencement
communications pursuant to Rule
13e-4(c)
under the Exchange Act (17 CFR
240.13e-4(c))
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Indicate by check mark whether the registrant is an emerging growth company as
defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule
12b-2
of the Securities Exchange Act of 1934 (17 CFR
240.12b-2).
Emerging growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
Act. ☐
Item 2.01. Completion of Acquisition or Disposition of Assets.
Effective June 30, 2018 at 11:59 p.m. Central Daylight Time (the Effective Time), Tallgrass Energy Partners, LP, a Delaware
limited partnership (the Partnership), completed its merger (the Merger) with Razor Merger Sub, LLC, a Delaware limited liability company (Merger Sub), with the Partnership surviving the Merger as a wholly owned
subsidiary of Tallgrass Equity, LLC, a Delaware limited liability company (Tallgrass Equity) and its subsidiaries, pursuant to an Agreement and Plan of Merger, dated as of March 26, 2018 (the Merger Agreement), by and
among Tallgrass Energy, LP, a Delaware limited partnership (formerly known as Tallgrass Energy GP, LP, TGE), Tallgrass Equity, the Partnership, Merger Sub, and Tallgrass MLP GP, LLC, a Delaware limited liability company (TEP
GP). Tallgrass Equity is a subsidiary of TGE.
At the Effective Time, the issued and outstanding common units representing limited
partner interests in the Partnership (Partnership Common Units), except for any Partnership Common Unit held by Tallgrass Equity, Tallgrass Equity Investments, LLC, a wholly owned subsidiary of Tallgrass Equity (Tallgrass Equity
Investments), or the Partnership, was converted into the right to receive 2.0 Class A shares representing limited partner interests in TGE (TGE Class A Shares). The TGE Class A Shares to which holders of Partnership
Common Units (other than Tallgrass Equity, Tallgrass Equity Investments and the Partnership) are entitled pursuant to the Merger Agreement are referred to in this Current Report on Form
8-K
as the Merger
Consideration.
The foregoing description of the Merger Agreement is qualified in its entirety by reference to the full text of the
Merger Agreement, filed as Exhibit 2.1 to the Partnerships Current Report on Form
8-K
filed March 27, 2018.
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
The Partnership notified the New York Stock Exchange (the NYSE) on June 29, 2018 that the Certificate of Merger relating to
the Merger had been filed with the Secretary of State of the State of Delaware providing for a delayed effective date and time of June 30, 2018 at 11:59 p.m. Central Daylight Time and requested that, following the Effective Time, the NYSE file
a notification of removal from listing on Form 25 with the Securities and Exchange Commission with respect to Partnership Common Units. The trading of Partnership Common Units on the NYSE was suspended before the opening of trading on July 2,
2018.
Item 3.03. Material Modification to Rights of Security Holders.
The information included under Item 2.01 and Item 5.03 is incorporated into this Item 3.03 by reference.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
In connection with the Merger, at the Effective Time, David G. Dehaemers, Jr., William
R. Moler, Frank J. Loverro, Stanley de J. Osborne, Jeffrey A. Ball, John T. Raymond, Terrance D. Towner, Roy N. Cook and Jeffrey R. Armstrong resigned as directors of TEP GP. The decision of each of Messrs. Dehaemers, Moler, Loverro, Osborne, Ball,
Raymond, Towner, Cook and Armstrong to resign as a director of TEP GP was not the result of any disagreement with TEP GP or the Partnership on any matter relating to the operations, policies or practices of TEP GP or the Partnership.
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in
Fiscal Year.
Pursuant to the Merger Agreement, the Amended and Restated Agreement of Limited Partnership of the Partnership, dated
May 17, 2013 (the Partnership Agreement) was amended at the Effective Time, to the extent necessary, to provide that the 834,391 general partner units representing a 1.13% general partner interest in the Partnership (the
Partnership General Partner Interest) issued and outstanding immediately prior to the Effective Time and held by TEP GP were automatically converted into a general partnership interest that will not participate in distributions in the
surviving entity and, as a result, from and after the Effective Time, (i) TEP GP continued and shall continue as the general partner of the surviving entity without interruption, (ii) TEP GP was no longer and shall not be entitled to any
distributions, allocation or other economic rights associated with the Partnership General Partner Interest, (iii) TEP GP continued and shall continue to be entitled to any management rights associated with the Partnership General Partner
Interest and (iv) the Partnership continued without dissolution.
The description of the amendment to the Partnership Agreement in
this Item 5.03 is qualified in its entirety by reference to the full text of the Merger Agreement, filed as Exhibit 2.1 to the Partnerships Current Report on Form
8-K
filed March 27, 2018.
Item 5.07 Submission of Matters to a Vote of Security Holders.
The completion of the Merger was subject, among other conditions, to the affirmative vote of holders of a majority of Partnership Common Units,
voting as a single class.
On June 26, 2018, the Partnership convened its special meeting (the Special Meeting) of
holders of Partnership Common Units to vote on the proposal to approve and adopt the Merger Agreement and the transactions contemplated thereby, including the Merger, which was identified as the proposal to be voted on (the Proposal) at
the Special Meeting in the Partnerships proxy statement/prospectus filed with the Securities and Exchange Commission on May 18, 2018 (the Proxy Statement).
As of May 18, 2018, the record date for the Special Meeting, there were 73,204,484 Partnership Common Units outstanding and entitled to
vote at the Special Meeting. A quorum of 62,322,224 Partnership Common Units was represented in person or by proxy at the Special Meeting. A summary of the voting results for the Proposal, which is described in detail in the Proxy Statement, is set
forth below:
The holders of a majority of Partnership Common Units voted in favor of the Proposal. The following are the tabulated votes
For and Against the Proposal, as well as the number of votes Abstaining:
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Votes For
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Votes Against
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Votes Abstaining
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62,168,943
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120,753
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32,528
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
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TALLGRASS ENERGY PARTNERS, LP
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By:
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Tallgrass MLP GP, LLC,
its
general partner
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Date: July 2, 2018
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By:
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/s/ David G. Dehaemers, Jr.
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David G. Dehaemers, Jr.
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President and Chief Executive Officer
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TALLGRASS ENERGY PARTNERS, LP (NYSE:TEP)
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