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):
August 30, 2011 (August 29, 2011)
TPC GROUP INC.
(Exact name of registrant as specified in its charter)
| Delaware | 001-34727 | 20-0863618 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
5151 San Felipe, Suite 800, Houston, Texas 77056
(Address of principal executive offices, including zip code)
Registrant’s telephone number, including area code: (713) 627-7474
N/A
(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 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(b) and (e) On August 29, 2011, TPC Group Inc. (the “Company”) and Luis E. Batiz, Senior Vice President of Operations of the Company, mutually agreed that Mr. Batiz will retire effective January 1, 2012. Mr. Batiz’s retirement will be considered a “Qualifying Termination” under the Company’s Executive Severance Plan, and he will be eligible for Tier 1 severance and welfare benefits pursuant to the terms of the plan. In addition, pursuant to the terms of a Separation Agreement dated as of August 29, 2011 between the Company and Mr. Batiz, Mr. Batiz will be eligible to receive an annual incentive bonus with respect to the 2011 fiscal year in an amount, if any, as determined by the Company, which will be paid at the same time 2011 bonuses are paid to other executive officers of the Company.
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.
| TPC GROUP INC. | ||||
| Date: August 30, 2011 | By: | /s/ Shannon B. Weinberg | ||
| Shannon B. Weinberg | ||||
| Deputy General Counsel and Secretary | ||||