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 28, 2011
PIONEER SOUTHWEST ENERGY PARTNERS L.P.
(Exact name of registrant as specified in its charter)
| Delaware | 001-34032 | 26-0388421 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
| | | |
| 5205 N. O'Connor Blvd., Suite 200, Irving, Texas | | 75039 |
| (Address of principal executive offices) | | (Zip Code) |
| | | |
Registrant’s telephone number, including area code: (972) 444-9001
Not applicable
(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:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
The independent members of the Board of Directors of the general partner of Pioneer Southwest Energy Partners L.P. (the “Partnership”) have adopted a policy whereby, at executive sessions of the Board, in which the independent directors meet regularly without any members of management present, one of the directors will be appointed to preside at such meetings. The role of presiding director will be rotated among the four independent directors. The independent directors adopted this policy in response to a notice the Partnership received on January 28, 2011, from the New York Stock Exchange (the “NYSE”) informing the Partnership that the practice, as disclosed in the Partnership’s Annual Report on Form 10-K, of not designating any one of the four independent directors to preside at the executive sessions did not satisfy the NYSE’s listing standard in Section 303A.03 of the NYSE’s Listed Company Manual that each listed company designate a presiding director at executive sessions.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | PIONEER SOUTHWEST ENERGY PARTNERS L.P. By: Pioneer Natural Resources GP LLC, its general partner | |
| | | | |
| | | | |
| | By: | | |
| | | Frank W. Hall, | |
| | | Vice President and Chief | |
| | | Accounting Officer | |
| | | | |
| Dated: February 2, 2011 | | | |
