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 29, 2020
| Enviva Partners, LP |
| (Exact name of registrant as specified in its charter) |
|
| | | |
| Delaware | 001-37363 | 46-4097730 |
(State or other jurisdiction
of incorporation) | (Commission
File Number) | (IRS Employer
Identification No.) |
| | | |
7200 Wisconsin Ave, Suite 1000
Bethesda, MD | 20814 |
| (Address of principal executive offices) | (Zip Code) |
| | | |
| Registrant’s telephone number, including area code:(301) 657-5660 |
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 communication 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 communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on
which registered |
| Common Units | EVA | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth companyx
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.x
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 29, 2020, the board of directors of Enviva Partners GP, LLC, the general partner of Enviva Partners, LP (the “Partnership”), approved and adopted the First Amendment (the “First Amendment”) to the Enviva Partners, LP Long-Term Incentive Plan (“LTIP”). Effective January 29, 2020, the First Amendment (i) increased the number of common units of the Partnership that may be delivered with respect to awards under the LTIP by 68,972 common units (which brings the total number of common units that may be delivered under the LTIP to 2,450,000 common units); (ii) updated the tax withholding provision of the LTIP; and (iii) extended the term of the LTIP until January 29, 2030.
A description of the material terms of the LTIP was included in an amendment to the Partnership’s Registration Statement on Form S-1/A filed with the U.S. Securities and Exchange Commission on April 20, 2015. In addition, the foregoing description of the First Amendment does not purport to be complete and is qualified in its entirety by reference to the complete text of the First Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
Exhibits.
SIGNATURES
Pursuant to the requirements of the Exchange Act, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | ENVIVA PARTNERS, LP |
| | | |
| | By: | Enviva Partners GP, LLC, its general partner |
| Date: February 3, 2020 | | |
| | By: | /s/ Jason E. Paral |
| | Name: | Jason E. Paral |
| | Title: | Vice President, Associate General Counsel, Chief Compliance Officer and Secretary |
