secwatch.observer — SEC 8-K summary
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Issuer:     ENTERPRISE PRODUCTS PARTNERS L.P. (EPD)
CIK:        0001061219
Form:       8-K
Filed at:   2025-05-02T23:59:59+00:00
Accession:  0001193125-25-111620
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Enterprise Products CCO Brent Secrest resigns; $16.5M separation deal with 12-month non-compete
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- Resignation as EVP & CCO effective May 1, 2025; separation agreement with affiliate EPCO executed.
- $5.0M cash payment due within 10 days after May 9, 2025; additional $11.5M due within 10 days after April 30, 2026, subject to conditions.
- Conditions: for 12 months from May 1, 2025, Secrest cannot work for any oil & gas company in management, consulting, or ownership roles.
- Also agrees to 12-month non-solicitation of employees, non-disclosure of confidential info, and waiver of claims against EPCO/affiliates.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1061219/000119312525111620/0001193125-25-111620-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1061219/000119312525111620/d938398d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-111620

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