UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date
of report (date of earliest event reported): January 23, 2006
MARTIN MIDSTREAM PARTNERS L.P.
(Exact name of Registrant as specified in its charter)
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| DELAWARE
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000-50056
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05-0527861 |
(State of incorporation
or organization)
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(Commission file
number)
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(I.R.S. employer
identification
number) |
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4200 STONE ROAD
KILGORE, TEXAS
(Address of principal executive offices)
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75662
(Zip code) |
Registrant’s telephone number, including area code: (903) 983-6200
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
TABLE OF CONTENTS
Item 1.01 Entry into a Material Definitive Agreement.
On January 23, 2006, the Board of Directors (the “Board”) of the general partner of Martin
Midstream Partners L.P. (the “Partnership”), approved an Amended and Restated Martin Midstream
Partners L.P. Long-Term Incentive Plan (the “Plan”). The
Plan was amended
to clarify the Partnership’s ability to grant restricted common units under the Plan and to remove
provisions relating to grants of distribution equivalent rights and phantom units. The Plan was
approved by the Compensation Committee of the Board on January 24, 2006. A copy of the Plan
reflecting these changes is attached as Exhibit 10.1 to this Current Report on Form 8-K.
On January 23, 2006, the Board approved a form of restricted common unit award notice for
non-employee directors (the “Grant Agreement”) for use under the Plan. The Grant Agreement was
approved by the Compensation Committee of the Board on January 24, 2006. A copy of the Grant
Agreement is attached as Exhibit 10.2 to this Current Report on Form 8-K.
On
January 24, 2006, the Board and the Compensation Committee of the Board approved the grant
of 1,000 restricted common units (the “Units”) to each non-employee director under the Plan. There
was no purchase price paid by the non-employee directors for the Units. In connection with these
grants, each non-employee director and the Partnership entered into a
Grant Agreement in the form described above and attached as
Exhibit 10.2 to this Current Report on Form 8-K. The
restrictions on the Units granted to each non-employee director will lapse as to one fourth of such
Units on each of the first, second, third and fourth anniversaries of the date of grant, subject to
termination and acceleration as provided in the Grant Agreement.
ITEM 9.01. Exhibits.
(d) Exhibits
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| EXHIBIT NUMBER |
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DESCRIPTION |
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10.1 |
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Martin Midstream Partners L.P. Amended and
Restated Long-Term Incentive Plan. |
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10.2 |
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Form of Restricted Common Unit Award Notice. |