secwatch / observer
8-K filed September 25, 2023, 7:59 PM ET CIK 0001126975
M&A confidence high sentiment neutral materiality 0.95

Magellan Midstream Partners, L.P.: M&A transaction — ONEOK completes acquisition of Magellan Midstream Partners; units converted to stock plus cash

Magellan Midstream Partners, L.P.

item 1.02item 2.01item 3.01item 3.03item 5.01item 5.02item 9.01

Executive movements

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

Departed

Stacy P. Methvin

Director
Magellan Midstream Partners, L.P.
Effective
2023-09-25
Filed
September 25, 2023, 7:59 PM ET
In accordance with the terms of the Merger Agreement, Mr. Aaron L. Milford, Mr. Chansoo Joung, Mr. Edward J. Guay, Mr. Walter R. Arnheim, Mr. James R. Montague, Mr. Barry R. Pearl, Mr. Sivasankaran Somasundaram, Ms. Stacy P. Methvin and Ms. Lori A. Gobillot resigned as directors of Magellan GP, LLC, the general partner of Magellan (the “General Partner”), effective as of the Effective Time.
Departed

Barry R. Pearl

Director
Magellan Midstream Partners, L.P.
Effective
2023-09-25
Filed
September 25, 2023, 7:59 PM ET
In accordance with the terms of the Merger Agreement, Mr. Aaron L. Milford, Mr. Chansoo Joung, Mr. Edward J. Guay, Mr. Walter R. Arnheim, Mr. James R. Montague, Mr. Barry R. Pearl, Mr. Sivasankaran Somasundaram, Ms. Stacy P. Methvin and Ms. Lori A. Gobillot resigned as directors of Magellan GP, LLC, the general partner of Magellan (the “General Partner”), effective as of the Effective Time.
Departed

Sivasankaran Somasundaram

Director
Magellan Midstream Partners, L.P.
Effective
2023-09-25
Filed
September 25, 2023, 7:59 PM ET
In accordance with the terms of the Merger Agreement, Mr. Aaron L. Milford, Mr. Chansoo Joung, Mr. Edward J. Guay, Mr. Walter R. Arnheim, Mr. James R. Montague, Mr. Barry R. Pearl, Mr. Sivasankaran Somasundaram, Ms. Stacy P. Methvin and Ms. Lori A. Gobillot resigned as directors of Magellan GP, LLC, the general partner of Magellan (the “General Partner”), effective as of the Effective Time.
Appointed

Pierce H. Norton II

President and Chief Executive Officer
Magellan Midstream Partners, L.P.
Effective
2023-09-25
Filed
September 25, 2023, 7:59 PM ET
Effective as of the Effective Time, Pierce H. Norton II was appointed President and Chief Executive Officer of the General Partner
Departed

Chansoo Joung

Director
Magellan Midstream Partners, L.P.
Effective
2023-09-25
Filed
September 25, 2023, 7:59 PM ET
In accordance with the terms of the Merger Agreement, Mr. Aaron L. Milford, Mr. Chansoo Joung, Mr. Edward J. Guay, Mr. Walter R. Arnheim, Mr. James R. Montague, Mr. Barry R. Pearl, Mr. Sivasankaran Somasundaram, Ms. Stacy P. Methvin and Ms. Lori A. Gobillot resigned as directors of Magellan GP, LLC, the general partner of Magellan (the “General Partner”), effective as of the Effective Time.
Departed

Aaron L. Milford

Director
Magellan Midstream Partners, L.P.
Effective
2023-09-25
Filed
September 25, 2023, 7:59 PM ET
In accordance with the terms of the Merger Agreement, Mr. Aaron L. Milford, Mr. Chansoo Joung, Mr. Edward J. Guay, Mr. Walter R. Arnheim, Mr. James R. Montague, Mr. Barry R. Pearl, Mr. Sivasankaran Somasundaram, Ms. Stacy P. Methvin and Ms. Lori A. Gobillot resigned as directors of Magellan GP, LLC, the general partner of Magellan (the “General Partner”), effective as of the Effective Time.
Departed

Walter R. Arnheim

Director
Magellan Midstream Partners, L.P.
Effective
2023-09-25
Filed
September 25, 2023, 7:59 PM ET
In accordance with the terms of the Merger Agreement, Mr. Aaron L. Milford, Mr. Chansoo Joung, Mr. Edward J. Guay, Mr. Walter R. Arnheim, Mr. James R. Montague, Mr. Barry R. Pearl, Mr. Sivasankaran Somasundaram, Ms. Stacy P. Methvin and Ms. Lori A. Gobillot resigned as directors of Magellan GP, LLC, the general partner of Magellan (the “General Partner”), effective as of the Effective Time.
Departed

James R. Montague

Director
Magellan Midstream Partners, L.P.
Effective
2023-09-25
Filed
September 25, 2023, 7:59 PM ET
In accordance with the terms of the Merger Agreement, Mr. Aaron L. Milford, Mr. Chansoo Joung, Mr. Edward J. Guay, Mr. Walter R. Arnheim, Mr. James R. Montague, Mr. Barry R. Pearl, Mr. Sivasankaran Somasundaram, Ms. Stacy P. Methvin and Ms. Lori A. Gobillot resigned as directors of Magellan GP, LLC, the general partner of Magellan (the “General Partner”), effective as of the Effective Time.
Departed

Lori A. Gobillot

Director
Magellan Midstream Partners, L.P.
Effective
2023-09-25
Filed
September 25, 2023, 7:59 PM ET
In accordance with the terms of the Merger Agreement, Mr. Aaron L. Milford, Mr. Chansoo Joung, Mr. Edward J. Guay, Mr. Walter R. Arnheim, Mr. James R. Montague, Mr. Barry R. Pearl, Mr. Sivasankaran Somasundaram, Ms. Stacy P. Methvin and Ms. Lori A. Gobillot resigned as directors of Magellan GP, LLC, the general partner of Magellan (the “General Partner”), effective as of the Effective Time.
Departed

Edward J. Guay

Director
Magellan Midstream Partners, L.P.
Effective
2023-09-25
Filed
September 25, 2023, 7:59 PM ET
In accordance with the terms of the Merger Agreement, Mr. Aaron L. Milford, Mr. Chansoo Joung, Mr. Edward J. Guay, Mr. Walter R. Arnheim, Mr. James R. Montague, Mr. Barry R. Pearl, Mr. Sivasankaran Somasundaram, Ms. Stacy P. Methvin and Ms. Lori A. Gobillot resigned as directors of Magellan GP, LLC, the general partner of Magellan (the “General Partner”), effective as of the Effective Time.
Appointed

Walter S. Hulse III

Chief Financial Officer, Treasurer and Executive Vice President, Investor Relations and Corporate Development
Magellan Midstream Partners, L.P.
Effective
2023-09-25
Filed
September 25, 2023, 7:59 PM ET
Walter S. Hulse III was appointed Chief Financial Officer, Treasurer and Executive Vice President, Investor Relations and Corporate Development of the General Partner.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Stacy P. Methvin resigned as Director at Magellan Midstream Partners, L.P..

Action
resigned
Role
Director
Exact text from the filing
In accordance with the terms of the Merger Agreement, Mr. Aaron L. Milford, Mr. Chansoo Joung, Mr. Edward J. Guay, Mr. Walter R. Arnheim, Mr. James R. Montague, Mr. Barry R. Pearl, Mr. Sivasankaran Somasundaram, Ms. Stacy P. Methvin and Ms. Lori A. Gobillot resigned as directors of Magellan GP, LLC, the general partner of Magellan (the “General Partner”), effective as of the Effective Time.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Barry R. Pearl resigned as Director at Magellan Midstream Partners, L.P..

Action
resigned
Role
Director
Exact text from the filing
In accordance with the terms of the Merger Agreement, Mr. Aaron L. Milford, Mr. Chansoo Joung, Mr. Edward J. Guay, Mr. Walter R. Arnheim, Mr. James R. Montague, Mr. Barry R. Pearl, Mr. Sivasankaran Somasundaram, Ms. Stacy P. Methvin and Ms. Lori A. Gobillot resigned as directors of Magellan GP, LLC, the general partner of Magellan (the “General Partner”), effective as of the Effective Time.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Sivasankaran Somasundaram resigned as Director at Magellan Midstream Partners, L.P..

Action
resigned
Role
Director
Exact text from the filing
In accordance with the terms of the Merger Agreement, Mr. Aaron L. Milford, Mr. Chansoo Joung, Mr. Edward J. Guay, Mr. Walter R. Arnheim, Mr. James R. Montague, Mr. Barry R. Pearl, Mr. Sivasankaran Somasundaram, Ms. Stacy P. Methvin and Ms. Lori A. Gobillot resigned as directors of Magellan GP, LLC, the general partner of Magellan (the “General Partner”), effective as of the Effective Time.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Pierce H. Norton II was appointed as President and Chief Executive Officer at Magellan Midstream Partners, L.P..

Action
appointed
Role
President and Chief Executive Officer
Exact text from the filing
Effective as of the Effective Time, Pierce H. Norton II was appointed President and Chief Executive Officer of the General Partner
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Chansoo Joung resigned as Director at Magellan Midstream Partners, L.P..

Action
resigned
Role
Director
Exact text from the filing
In accordance with the terms of the Merger Agreement, Mr. Aaron L. Milford, Mr. Chansoo Joung, Mr. Edward J. Guay, Mr. Walter R. Arnheim, Mr. James R. Montague, Mr. Barry R. Pearl, Mr. Sivasankaran Somasundaram, Ms. Stacy P. Methvin and Ms. Lori A. Gobillot resigned as directors of Magellan GP, LLC, the general partner of Magellan (the “General Partner”), effective as of the Effective Time.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Aaron L. Milford resigned as Director at Magellan Midstream Partners, L.P..

Action
resigned
Role
Director
Exact text from the filing
In accordance with the terms of the Merger Agreement, Mr. Aaron L. Milford, Mr. Chansoo Joung, Mr. Edward J. Guay, Mr. Walter R. Arnheim, Mr. James R. Montague, Mr. Barry R. Pearl, Mr. Sivasankaran Somasundaram, Ms. Stacy P. Methvin and Ms. Lori A. Gobillot resigned as directors of Magellan GP, LLC, the general partner of Magellan (the “General Partner”), effective as of the Effective Time.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Walter R. Arnheim resigned as Director at Magellan Midstream Partners, L.P..

Action
resigned
Role
Director
Exact text from the filing
In accordance with the terms of the Merger Agreement, Mr. Aaron L. Milford, Mr. Chansoo Joung, Mr. Edward J. Guay, Mr. Walter R. Arnheim, Mr. James R. Montague, Mr. Barry R. Pearl, Mr. Sivasankaran Somasundaram, Ms. Stacy P. Methvin and Ms. Lori A. Gobillot resigned as directors of Magellan GP, LLC, the general partner of Magellan (the “General Partner”), effective as of the Effective Time.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

James R. Montague resigned as Director at Magellan Midstream Partners, L.P..

Action
resigned
Role
Director
Exact text from the filing
In accordance with the terms of the Merger Agreement, Mr. Aaron L. Milford, Mr. Chansoo Joung, Mr. Edward J. Guay, Mr. Walter R. Arnheim, Mr. James R. Montague, Mr. Barry R. Pearl, Mr. Sivasankaran Somasundaram, Ms. Stacy P. Methvin and Ms. Lori A. Gobillot resigned as directors of Magellan GP, LLC, the general partner of Magellan (the “General Partner”), effective as of the Effective Time.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Lori A. Gobillot resigned as Director at Magellan Midstream Partners, L.P..

Action
resigned
Role
Director
Exact text from the filing
In accordance with the terms of the Merger Agreement, Mr. Aaron L. Milford, Mr. Chansoo Joung, Mr. Edward J. Guay, Mr. Walter R. Arnheim, Mr. James R. Montague, Mr. Barry R. Pearl, Mr. Sivasankaran Somasundaram, Ms. Stacy P. Methvin and Ms. Lori A. Gobillot resigned as directors of Magellan GP, LLC, the general partner of Magellan (the “General Partner”), effective as of the Effective Time.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Edward J. Guay resigned as Director at Magellan Midstream Partners, L.P..

Action
resigned
Role
Director
Exact text from the filing
In accordance with the terms of the Merger Agreement, Mr. Aaron L. Milford, Mr. Chansoo Joung, Mr. Edward J. Guay, Mr. Walter R. Arnheim, Mr. James R. Montague, Mr. Barry R. Pearl, Mr. Sivasankaran Somasundaram, Ms. Stacy P. Methvin and Ms. Lori A. Gobillot resigned as directors of Magellan GP, LLC, the general partner of Magellan (the “General Partner”), effective as of the Effective Time.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Walter S. Hulse III was appointed as Chief Financial Officer, Treasurer and Executive Vice President, Investor Relations and Corporate Development at Magellan Midstream Partners, L.P..

Action
appointed
Role
Chief Financial Officer, Treasurer and Executive Vice President, Investor Relations and Corporate Development
Exact text from the filing
Walter S. Hulse III was appointed Chief Financial Officer, Treasurer and Executive Vice President, Investor Relations and Corporate Development of the General Partner.
View on SEC.gov
M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Magellan Midstream Partners, L.P. underwent a change of control involving ONEOK, Inc. (closed 2023-09-25).

Action
change of control
Counterparty
ONEOK, Inc.
Closing
2023-09-25
Exact text from the filing
On September 25, 2023 (the “Closing Date”), Otter Merger Sub, LLC (“Merger Sub”), a Delaware limited liability company and wholly owned direct, subsidiary of ONEOK, Inc., an Oklahoma corporation (“ONEOK”), completed its merger (the “Merger”) with and into Magellan Midstream Partners, L.P. a Delaware limited partnership (“Magellan”), as a result of which Magellan became a wholly owned, direct, subsidiary of ONEOK.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Magellan Midstream Partners, L.P. terminated Credit Agreement with Wells Fargo Bank, National Association, as Administrative Agent, and the other lenders party thereto (effective 2023-09-25).

Action
termination
Agreement
credit facility
Counterparty
Wells Fargo Bank, National Association, as Administrative Agent, and the other lenders party thereto
Effective
2023-09-25
Exact text from the filing
on September 25, 2023, Magellan, at the direction of ONEOK, terminated all outstanding lender commitments, including commitments of the lenders to issue letters of credit, under the Second Amended and Restated Credit Agreement
View on SEC.gov

15 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Source: SEC EDGAR
accession 0001213900-23-079220
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