Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 3, 2023, NGL Energy Partners LP (the "Partnership" or "NGL")
announced the appointment of Brad Cooper to serve as the Executive Vice
President and Chief Financial Officer of NGL Energy Holdings LLC (the "General
Partner"), the general partner of the Partnership, effective January 13, 2023
(the "Effective Date"). Mr. Cooper will succeed Linda Bridges, who notified the
Partnership on December 30, 2022, that she has resigned from her position of
Executive Vice President and Chief Financial Officer effective January 13, 2023
to pursue other interests.
Mr. Cooper, 47, joined the Partnership in June 2021 as the Partnership's Senior
Vice President of Administration and Risk Management. Mr. Cooper has over 20
years of experience in the energy space working for public companies with
experience across upstream, midstream and downstream sectors. Most recently
prior to joining the Partnership, Mr. Cooper spent 10 years with WPX Energy
where he was Vice President of Finance and Treasurer. Prior to WPX Energy, he
was at The Williams Companies where he held various corporate finance and risk
management leadership roles.
In connection with the appointment of Mr. Cooper as the Executive Vice President
and Chief Financial Officer of the General Partner, the Board of Directors of
the General Partnership authorized a compensation arrangement that provides that
during the term of his role as Executive Vice President and Chief Financial
Officer, he receives an annual base salary of $500,000, effective January 13,
2023.
Mr. Cooper does not have any family relationships with any director, executive
officer, or any person nominated to become a director or executive officer, of
the General Partner and there are no arrangements or understandings between Mr.
Cooper and any other person pursuant to which Mr. Cooper was appointed as the
Executive Vice President, Chief Financial Officer. There are no transactions in
which Mr. Cooper had or will have an interest that would be required to be
disclosed pursuant to Item 404(a) of Regulation S-K under the Securities
Exchange Act of 1934, as amended.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
101 Cover Page formatted as Inline XBRL.
Cover Page Interactive Data File (formatted as Inline XBRL and contained in
104 Exhibit 101).
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