Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 8, 2020, Energy Transfer LP (the "Partnership") announced that Kelcy
L. Warren, Chairman and Chief Executive Officer of LE GP, LLC, the general
partner of the Partnership (the "General Partner"), would assume the role of
Executive Chairman, and that Thomas E. Long and Marshall S. (Mackie) McCrea,
III, have been elected as Co-Chief Executive Officers to replace Mr. Warren,
effective January 1, 2021. Mr. Long currently serves as the General Partner's
Chief Financial Officer and Mr. McCrea currently serves as the General Partner's
President and Chief Commercial Officer. Both Mr. Long and Mr. McCrea will
continue to serve on the General Partner's board of directors.
Except as disclosed in the Partnership's Annual Report on Form 10-K for the year
ended December 31, 2019, there is no information required to be disclosed by
Items 401(b), (d), (e) or Item 404(a) of Regulation S-K.
This report may include certain statements concerning expectations for the
future that are forward-looking statements as defined by federal law. Such
forward-looking statements are subject to a variety of known and unknown risks,
uncertainties, and other factors that are difficult to predict and many of which
are beyond management's control. An extensive list of factors that can affect
future results are discussed in the Partnership's Annual Report on Form 10-K and
other documents filed from time to time with the Securities and Exchange
Commission. The Partnership undertakes no obligation to update or revise any
forward-looking statement to reflect new information or events.
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