PHILLIPS 66 PARTNERS LP 2019-08-01 false 0001572910 0001572910 2019-08-01 2019-08-01

 

 

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: August 1, 2019

(Date of earliest event reported)

 

Phillips 66 Partners LP

(Exact name of registrant as specified in its charter)

 

Delaware

 

001-36011

 

38-3899432

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

2331 CityWest Boulevard

Houston, Texas 77042

(Address of principal executive offices and zip code)

(855) 283-9237

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

 

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:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

 

Trading

Symbol

 

Name of exchange

on which registered

Common Units Representing Limited Partner Interests

 

PSXP

 

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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 8.01 Other Information.

As previously disclosed, on August 1, 2019, Phillips 66 Partners GP LLC (the “General Partner”), the general partner of Phillips 66 Partners LP (“PSXP”), entered into the Third Amended and Restated Agreement of Limited Partnership of Phillips 66 Partners LP in order to, among other things, provide for the cancellation of the incentive distribution rights representing limited partner interests in PSXP and the conversion of the economic general partner interest in PSXP held by the General Partner into a non-economic general partner interest. As a result, PSXP is filing Exhibit 99.1 hereto in order to replace in their entirety the sections entitled “Provisions of Our Partnership Agreement Relating to Cash Distributions” and “Our Partnership Agreement” that appear in each of (i) PSXP’s Registration Statement on Form S-3 (Registration File No. 333-217734), as filed with the Securities and Exchange Commission (the “Commission”) on May 5, 2017, as amended, (ii) PSXP’s Registration Statement on Form S-3 (Registration File No. 333-221353), as filed with the Commission on November 3, 2017, as amended, (iii) PSXP’s Registration Statement on Form S-3 (Registration File No. 333-222178), as filed with the Commission on December 20, 2017, and (iv) PSXP’s Registration Statement on Form S-3 (Registration File No. 333-232865), as filed with the Commission on July 26, 2019.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.

   

 

Description

             
 

99.1

   

 

Provisions of Our Partnership Agreement Relating to Cash Distributions and Our Partnership Agreement.

2


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.

 

 

 

                Phillips 66 Partners LP

 

 

By:

 

Phillips 66 Partners GP LLC, its general partner

             

Dated: August 2, 2019

 

 

By:

 

/s/ Paula A. Johnson

 

 

 

        Paula A. Johnson

 

 

 

     Vice President