form8k.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): December 16, 2009
BLUEKNIGHT
ENERGY PARTNERS, L.P.
(Exact
name of Registrant as specified in its charter)
|
DELAWARE
|
001-33503
|
20-8536826
|
|
(State
of incorporation
or
organization)
|
(Commission
file number)
|
(I.R.S.
employer identification number)
|
|
Two
Warren Place
6120
South Yale Avenue, Suite 500
Tulsa,
Oklahoma
|
74136
|
|
(Address
of principal executive offices)
|
(Zip
code)
|
Registrant’s
telephone number, including area code: (918) 237-4000
(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 (see General
Instruction A.2. below):
[
] 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.
|
On December 16, 2009, the Board of
Directors of Blueknight Energy Partners G.P., L.L.C., the general partner of
Blueknight Energy Partners, L.P. (the “Partnership”), appointed Mr. James C.
Dyer, IV as the Chief Executive Officer of the General Partner. Mr.
Dyer, age 62, currently serves as a member of the Board of Directors of the
General Partner and has served as a director and Vice President, Projects and
Business Development, of Vitol, Inc. since 2005. Vitol, Inc. controls
the General Partner. Mr. Dyer first joined Vitol in 1990, where he
was responsible for structured financing and project
development. From 2001 to 2003, Mr. Dyer served as Corporate Senior
Vice President and Chief Commercial Officer for El Paso Merchant Petroleum, and
from 1998 to 2001 he served as an officer in various capacities at Engage Energy
US, L.P., a natural gas and electric power marketing joint venture between the
Coastal Corporation and Westcoast Energy (Canada). From 1996 to 1998,
he was President and CEO of Euromin, Inc., a Vitol subsidiary engaged in trading
aluminum and other nonferrous metals. Prior to that time, he was
Chief Economist for Texas Commerce Bank. Mr. Dyer is a Chartered
Financial Analyst and a Financial Analysts Federation Fellow and holds degrees
in accounting and economics. The General Partner and the Partnership
will not compensate Mr. Dyer in connection with his appointment as Chief
Executive Officer, and Vitol, Inc. has informed the General Partner and the
Partnership that it will not seek reimbursement of administrative costs relating
to any compensation payable to Mr. Dyer by Vitol, Inc.
A subsidiary of the Partnership
provides crude oil terminalling and storage services to Vitol, Inc. pursuant to
a take or pay, fee-based, contract for approximately 2 million barrels of
storage capacity at the Cushing Interchange. This contract was
assigned to a subsidiary of the Partnership in connection with its acquisition
of certain storage capacity at the Cushing Interchange that was completed on May
30, 2008. During the year ended December 31, 2008, the Partnership
recognized revenues of approximately $6.5 million for the provision of crude oil
terminalling and storage services pursuant to this contract.
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.
BLUEKNIGHT ENERGY PARTNERS,
L.P.
By: Blueknight Energy
Partners G.P., L.L.C.
its
General Partner
Date: December
21,
2009 By: /s/ Alex G.
Stallings
Alex G. Stallings
Chief
Financial Officer and Secretary