-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RjhEMyHnxsvbXFM1ulOKifFYrbtxgptdsr8v2w156UQGmQ82CxTAZgY6upfiGqT+ XVId7QgQjmyP9AYUnGCAsA== 0001022321-08-000014.txt : 20080401 0001022321-08-000014.hdr.sgml : 20080401 20080401162916 ACCESSION NUMBER: 0001022321-08-000014 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080401 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080401 DATE AS OF CHANGE: 20080401 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GENESIS ENERGY LP CENTRAL INDEX KEY: 0001022321 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-PETROLEUM BULK STATIONS & TERMINALS [5171] IRS NUMBER: 760513049 STATE OF INCORPORATION: DE FISCAL YEAR END: 1205 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12295 FILM NUMBER: 08729756 BUSINESS ADDRESS: STREET 1: 500 DALLAS SUITE 2500 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 7138602500 MAIL ADDRESS: STREET 1: 500 DALLAS SUITE 2500 CITY: HOUSTON STATE: TX ZIP: 77002 8-K 1 f8k040108.htm FORM 8-K DATED APRIL 1, 2008 f8k040108.htm




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): April 1, 2008 (March 28, 2008)


GENESIS ENERGY, L.P.
 
(Exact name of registrant as specified in its charter)



Delaware
1-12295
76-0513049
(State or other jurisdiction of incorporation or organization)
(Commission File Number)
(I.R.S. Employer Identification No.)



500 Dallas, Suite 2500, Houston, Texas
77002
(Address of principal executive offices)
(Zip Code)


(713) 860-2500
(Registrant's telephone number, including area code)



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)





 
 
 

 

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

 
(d) Effective March 28, 2008, David C. Baggett and Martin C. White were appointed as directors of Genesis Energy, Inc., the general partner of Genesis Energy, L.P. (“GEL”), by Denbury Resources, Inc., the owner of our general partner.   Mr. Baggett and Mr. White both meet the listing standard requirements of the American Stock Exchange (“Amex”), and the Securities and Exchange Commission rules to be considered independent directors of GEL.
 
Mr. Baggett is the founder and managing partner of Opportune LPP, a financial consulting firm formed in June 2005.  From April 2003 until June 2005 he was a private investor.  From October 1998 until April 2003, he held various positions at American Plumbing and Mechanical, including President, Chief Operating Officer, Chief Financial Officer and board member.   He has over twenty-five years of business experience, including six years as a partner with Deloitte & Touche LLP.  Mr. Baggett is 46 years old, a CPA and a graduate of Texas A&M University.
 
Mr. White retired in 2006 from Occidental Chemical Corporation (OxyChem) after most recently serving as Vice President of OxyChem’s joint venture, OxyVinyls, a position he has held since the formation of OxyVinyls in May 1999.  From May 1996 to May 1999, he held the position of Vice President of Marketing for OxyChem’s vinyl’s businesses. With the exception of one year as General Manager of OxyChem’s operations in Chile during mid-1995 to mid-1996 he held positions in OxyChem’s vinyl’s businesses since 1989. He served on the board of directors of P.W. Eagle, Inc. from June 2006 until June 2007 when P.W. Eagle, Inc. was sold, and was a member of its audit and governance committees.  Mr. White is 62 years old and holds a degree from the Royal Institute of Chemistry in London.
 
Mr. White has been appointed a member of the Audit Committee of Genesis’ board of directors.  We have determined that Mr. White is an independent director and we believe that this appointment satisfies the requirement of Section 803 (B) (2)(a) of the American Stock Exchange Company Guide that GEL’s Audit Committee consist of at least three independent directors.
 

 
Item 9.01.  Financial Statements and Exhibits.
 

(d) Exhibits

99.1           Press Release dated April 1, 2008.

 
 
 

 

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 thereunto duly authorized.
 

 

   
GENESIS ENERGY, L.P.
(A Delaware Limited Partnership)
 
By:
GENESIS ENERGY, INC., as        General Partner
Date:  April 1, 2008
By:
   
Ross A. Benavides
Chief Financial Officer



EX-99.1 2 ex99.htm PRESS RELEASE DATED APRIL 1, 2008 ex99.htm
 
 

 

FOR IMMEDIATE RELEASE
Contact:                      Ross A. Benavides
Chief Financial Officer
(713) 860-2528


GENESIS ENERGY, L.P. ANNOUNCES NEW APPOINTMENTS TO ITS BOARD OF DIRECTORS

Houston – April 1, 2008 - Genesis Energy, L.P., (AMEX:GEL), announced today the appointments of Martin G. White of Dallas, Texas and David C. Baggett of Houston, Texas to its Board of Directors (“Board”).
 
“On behalf of the Board I would like to welcome Mr. White and Mr. Baggett,” said Gareth Roberts, Chairman of the Board.  “These gentlemen bring a great deal of business and financial experience that will strengthen and diversify our board.”
 
Mr. White is a retired executive with thirty-five years of experience with various units of Occidental Chemical Corporation.  He served on the board of directors of P.W. Eagle, Inc. until June of 2007, and was a member of its Audit and Governance Committees.  Mr. White holds a degree from the Royal Institute of Chemistry in London.
 
Mr. Baggett is the founder and Managing Partner of Opportune LLP, a financial consulting firm. He has over twenty-five years of business experience, including six years as a partner with Deloitte & Touche LLP and five years at American Plumbing and Mechanical, holding various positions including President, Chief Operating Officer, Chief Financial Officer and board member.  Mr. Baggett is a CPA and graduate of Texas A&M University.  
 
 Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas.  Genesis engages in four business segments.  The Pipeline Transportation Division is engaged in the pipeline transportation of crude oil and, to a lesser extent, natural gas and carbon dioxide.  The Refinery Services Division primarily processes sour gas streams to remove sulfur at refining operations, principally located in Texas, Louisiana and Arkansas.  The Supply and Logistics Division is engaged in the transportation, storage and supply of energy products, including crude oil and refined products.  The Industrial Gases Division produces and supplies industrial gases such as carbon dioxide and syngas.  Genesis’ operations are primarily located in Texas, Louisiana, Arkansas, Mississippi, Alabama and Florida.
 

# # #

One Allen Center    500 Dallas, Suite 2500    Houston, TX  77002
 
 

 

-----END PRIVACY-ENHANCED MESSAGE-----