8-K

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): July 26, 2022

MARTIN MIDSTREAM PARTNERS L.P.

(Exact name of Registrant as specified in its charter)

Kilgore, Texas 75662

(Address of principal executive offices) (Zip code)

Registrant's telephone number, including area code: (903) 983-6200

(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)) | | --- | --- |

Securities registered pursuant to Section 12(b) of the Act

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

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. o

On July 26, 2022, Martin Resource Management Corporation (“MRMC”), the holder of the controlling voting interests in MMGP Holdings LLC, the sole member of Martin Midstream GP LLC (the “General Partner”), the general partner of Martin Midstream Partners L.P., and Robert D. Bondurant, the President and Chief Executive Officer of the General Partner, entered into an amendment (the “Amendment”) to Mr. Bondurant’s employment agreement, dated as of October 20, 2020 (the “Employment Agreement”).

The Amendment extends the term of the Employment Agreement from January 1, 2024 to December 31, 2024 and also provides that the term will automatically renew for additional one-year periods thereafter unless MRMC or Mr. Bondurant gives notice prior to the end of the applicable term that such party does not wish to extend the term of the Employment Agreement.

The foregoing description of the Amendment is not complete and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

(d)      Exhibits

In accordance with General Instruction B.2 of Form 8-K, the information set forth in the attached Exhibit 99.1 is deemed to be "furnished" and shall not be deemed to be "filed" for purposes of Section 18 of the Exchange Act.

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.

Document

Exhibit 10.1

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT

This First Amendment to that certain Employment Agreement (this “Amendment”) is made and executed effective as of July 26, 2022, by and between Martin Resource Management Corporation (the “MRMC”) and Robert D. Bondurant (the “Employee”).

WHEREAS, MRMC and Employee are parties to that certain Employment Agreement dated October 20, 2020 (the “Agreement”); and

WHEREAS, the Parties mutually desire to amend certain terms of the Agreement as hereinafter provided.

NOW, THEREFORE, for and in consideration of the covenants and obligations contained herein and other good and valuable consideration, the Parties hereto hereby agree as follows:

1.     Capitalized terms used but not defined herein, if any, shall have the meaning given to such terms in the Agreement;
   

2.     Section 2. Term of Employment is hereby deleted and replaced in its entirety as follows:
   

“2. Term of Employment: The term of this Agreement shall commence on January 1, 2021 (the “Employment Date”) and shall continue until December 31, 2024 (the “Employment Term”); provided, that on the third anniversary of the Employment Date and on each anniversary thereafter, the Employment Term of this Agreement shall automatically be extended for one (1) additional year unless either party shall have given notice prior to the applicable anniversary that such party does not wish to extend the Employment Term.”

3.     Except as expressly amended herein, the terms, covenants and conditions of the Agreement shall remain in full force and effect without modification or amendment, and the Parties ratify and reaffirm the same in its entirety.
   

4.     This Amendment shall be governed by and construed in accordance with the laws of the State of Texas, without regard to the conflicts of laws or principles.  In the event that the terms and conditions of the Agreement conflict or are inconsistent with those of this Amendment, the terms of this Amendment shall govern.
   

[Signatures on next page]

MARTIN RESOURCE MANAGEMENT CORPORATION

By:/s/ Randall L. Tauscher

Randall L. Tauscher, Executive Vice President

COMPANY

/s/Robert D. Bondurant

Robert D. Bondurant

EMPLOYEE