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): April 20, 2016
ATLAS ENERGY GROUP, LLC
(Exact name of registrant specified in its charter)
| Delaware | 001-36725 | 45-3741247 | ||
| (State or Other Jurisdiction Of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
Park Place Corporate Center One
1000 Commerce Drive, Suite 400
Pittsburgh, PA 15275
(Address of principal executive offices, zip code)
Registrant’s telephone number, including area code: (412) 489-0006
(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
The compensation committee of the board of directors of Atlas Energy Group, LLC (the “Company”), after consultation with the Company’s independent compensation consultant, authorized the Company to enter into a retention agreement with Jeffrey M. Slotterback, the Company’s Chief Financial Officer. Under the retention agreement entered into on April 20, 2016, Mr. Slotterback agrees to (i) remain employed by the Company for the one year period commencing on the date of the agreement and (ii) be subject to a non-competition covenant with respect to the Company for such one year period. In exchange, Mr. Slotterback received a payment (the “commitment amount”) equal to 24 percent of his 2015 total cash compensation. If, prior to the first anniversary of the agreement, Mr. Slotterback is terminated by the Company without “cause” or if he resigns for “good reason” (as such terms are defined in the retention agreement), he will be deemed to have satisfied his obligations under the agreement, notwithstanding that he did not remain employed until the first anniversary of the agreement.
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.
| ATLAS ENERGY GROUP, LLC | ||||||
| Dated: April 26, 2016 | By: | /s/ Lisa Washington | ||||
| Name: | Lisa Washington | |||||
| Title: | VP, Chief Legal Officer & Secretary | |||||