Martin Midstream simplifies GP structure; IDRs eliminated after Alinda stake bought by Ruben Martin entity

MARTIN MIDSTREAM PARTNERS L.P.

Senterfitt (owned by CEO Ruben Martin) acquired Alinda's 49% voting interest in Holdings, which controls the GP.
IDRs eliminated; amended partnership agreement effective immediately.
Board reduced from 7 to 5 members; Alinda's appointment rights removed.
MRMC holds call option to purchase Senterfitt's Holdings interests for ten years.
Martin family consolidates control; management cites long-term unitholder alignment.

item 5.02 item 5.03 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Zachary S. Stanton

director

MMLP · MARTIN MIDSTREAM PARTNERS L.P.

Effective: 2021-11-23
Filed: November 29, 2021, 6:59 PM ET

Zachary S. Stanton and Christopher M. Reid (collectively, the “Departing Directors”) resigned as directors of the Board, effective November 23, 2021.

Departed

Christopher M. Reid

director

MMLP · MARTIN MIDSTREAM PARTNERS L.P.

Effective: 2021-11-23
Filed: November 29, 2021, 6:59 PM ET

Zachary S. Stanton and Christopher M. Reid (collectively, the “Departing Directors”) resigned as directors of the Board, effective November 23, 2021.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Zachary S. Stanton resigned as director at MARTIN MIDSTREAM PARTNERS L.P..

Action: resigned
Role: director

Exact text from the filing

Zachary S. Stanton and Christopher M. Reid (collectively, the “Departing Directors”) resigned as directors of the Board, effective November 23, 2021.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Christopher M. Reid resigned as director at MARTIN MIDSTREAM PARTNERS L.P..

Action: resigned
Role: director

Exact text from the filing

Zachary S. Stanton and Christopher M. Reid (collectively, the “Departing Directors”) resigned as directors of the Board, effective November 23, 2021.

View on SEC.gov

MARTIN MIDSTREAM PARTNERS L.P. filing history →

Source: SEC EDGAR

accession 0001176334-21-000223

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