Document
false0001552000 0001552000 2020-08-10 2020-08-10


 
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 10, 2020
 _____________________________________________
MPLX LP
(Exact name of registrant as specified in its charter)
_____________________________________________
Delaware
 
001-35714
 
27-0005456
(State or other jurisdiction
of incorporation)
 
(Commission File Number)
 
(IRS Employer
Identification No.)

200 E. Hardin Street, Findlay, Ohio 45840
(Address of principal executive offices) (Zip code)

Registrant’s telephone number, including area code: (419421-2414
_____________________________________________
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))

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 Representing Limited Partnership Interests
MPLX
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 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

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.

 





Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 10, 2020, John S. Swearingen, Executive Vice President, Logistics and Storage of the general partner of MPLX LP ("MPLX"), announced his plan to retire effective August 28, 2020, following more than 39 years of service. Upon his retirement, Mr. Swearingen will also retire from all positions he holds with any MPLX affiliate, including Marathon Petroleum Corporation ("MPC"). The company thanks Mr. Swearingen for his many years of loyal service and his contributions to the company's success. Mr. Swearingen's responsibilities will be assumed by existing executives of the general partner of MPLX, Timothy J. Aydt and Gregory S. Floerke.

In connection with his departure, and in exchange for certain waivers and releases for the benefit of MPLX and MPC, Mr. Swearingen will be entitled to a lump sum severance payment in the amount of $929,026. Additionally in connection with his departure, Mr. Swearingen will fully vest in certain of the MPLX and MPC long-term incentive awards he received in 2018, 2019 and 2020, and he will also be entitled to all retirement and welfare benefit plans, policies and arrangements generally applicable to MPLX’s other similarly situated executive officers.   







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.
 
 
MPLX LP
 
 
 
 
 
 
 
By:
 
MPLX GP LLC, its General Partner
 
 
 
 
 
 
 
 
Date: August 10, 2020
By:
 
/s/ Molly R. Benson
 
 
 
Name: Molly R. Benson
 
 
 
Title: Vice President, Chief Securities, Governance & Compliance Officer and Corporate Secretary



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Document and Entity Information
Aug. 10, 2020
Cover [Abstract]  
Entity Central Index Key 0001552000
Amendment Flag false
Document Type 8-K
Document Period End Date Aug. 10, 2020
Entity Registrant Name MPLX LP
Entity Incorporation, State or Country Code DE
Entity File Number 001-35714
Entity Tax Identification Number 27-0005456
Entity Address, Address Line One 200 E. Hardin Street
Entity Address, City or Town Findlay
Entity Address, State or Province OH
Entity Address, Postal Zip Code 45840
City Area Code 419
Local Phone Number 421-2414
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Units Representing Limited Partnership Interests
Trading Symbol MPLX
Security Exchange Name NYSE
Entity Emerging Growth Company false