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EX-10.1 - EX-10.1 - Enviva Partners, LPa16-10524_7ex10d1.htm

 

 

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 19, 2016

 

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 (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))

 

 

 



 

Item 5.02.                Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On August 19, 2016, Enviva Management Company, LLC (“Enviva Management”), an affiliate of Enviva Partners, LP (the “Partnership”), entered into an amended and restated employment agreement with Edward R. Smith, Vice President, Operations of Enviva Partners GP, LLC (the “General Partner”). Effective August 1, 2016, Mr. Smith was appointed as Executive Vice President, Operations of the General Partner.

 

Enviva Management’s Second Amended and Restated Employment Agreement with Mr. Smith (the “Employment Agreement”) resets Mr. Smith’s annualized base salary to $300,000. In addition, the Employment Agreement resets the target value of Mr. Smith’s 2017 annual award under the Partnership’s Long-Term Incentive Plan to 100% of his annualized base salary as in effect on January 1, 2017.

 

Except for the foregoing, the terms of the Employment Agreement remain substantively consistent with the terms of Mr. Smith’s pre-existing employment agreement. The foregoing description of the Employment Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of such agreement (Exhibit 10.1 to this Current Report on Form 8-K).

 

Item 9.01.                Financial Statements and Exhibits.

 

Exhibits.

 

Exhibit 
Number

 

Description

10.1

 

Second Amended and Restated Employment Agreement between Edward R. Smith and Enviva Management Company, LLC, dated August 19, 2016.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, 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: August 25, 2016

 

 

 

 

 

 

By:

/s/ William H. Schmidt, Jr.

 

Name:

William H. Schmidt, Jr.

 

Title:

Executive Vice President, General Counsel and

 

 

Secretary

 

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INDEX TO EXHIBITS

 

Exhibit 
Number

 

Description

10.1

 

Second Amended and Restated Employment Agreement between Edward R. Smith and Enviva Management Company, LLC, dated August 19, 2016.

 

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