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            <p style="margin:0pt; text-align:center;  padding-top:1pt; padding-bottom:1pt"><font style="font-family:Arial; font-size:11pt; font-weight:bold">UNITED STATES</font></p>
            <p style="margin:0pt; text-align:center;  padding-top:1pt; padding-bottom:1pt"><font style="font-family:Arial; font-size:11pt; font-weight:bold">SECURITIES AND EXCHANGE COMMISSION</font></p>
            <p style="margin:0pt; text-align:center; padding-top:1pt; padding-bottom:1pt"><font style="font-family:Arial; font-size:11pt">WASHINGTON, D.C. 20549</font></p>
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            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:14pt; font-weight:bold">FORM 8-K</font></p>
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            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt">CURRENT REPORT</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt">PURSUANT TO SECTION 13 OR 15(d) OF THE </font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt">SECURITIES EXCHANGE ACT OF 1934</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt">Date of report (date of earliest event reported):</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:11pt; font-weight:bold">May </font><font style="font-family:Arial; font-size:11pt; font-weight:bold">30</font><font style="font-family:Arial; font-size:11pt; font-weight:bold">, 2013</font></p>
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            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:18pt; font-weight:bold">Compressco </font><font style="font-family:Arial; font-size:18pt; font-weight:bold">Partners, L.P.</font></p>
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            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">(Exact name of registrant as specified in its charter)</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold">Delaware</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">(State or other jurisdiction</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">of incorporation)</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">Identification No.)</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold">101 Park Avenue, Suite 1200</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold">Oklahoma </font><font style="font-family:Arial; font-size:11pt; font-weight:bold">City, Oklahoma 73102</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">(Address of Principal Executive Offices and Zip Code)</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt">Registrant&#8217;s telephone number, including area code:</font><font style="font-family:Arial; font-size:11pt; font-weight:bold"> (405) 677-0221</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the </font><font style="font-family:Arial; font-size:10pt">filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</font></p>
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            <p style="margin:0pt 0pt 4pt"><font style="font-family:Arial; font-size:9pt">[&#160; ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p>
            <p style="margin:0pt 0pt 4pt"><font style="font-family:Arial; font-size:9pt">[&#160; ] Soliciting material pursuant to Rule 14a-12 und</font><font style="font-family:Arial; font-size:9pt">er the Exchange Act (17 CFR 240.14a-12)</font></p>
            <p style="margin:0pt 0pt 4pt"><font style="font-family:Arial; font-size:9pt">[&#160; ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>
            <p style="margin:0pt 0pt 4pt"><font style="font-family:Arial; font-size:9pt">[&#160; ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
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            <p style="margin:0pt"><a name="_DMBM_1142"></a><a name="EDGAR_PAGE_START2"></a><font style="font-family:Arial; font-size:10.5pt; font-weight:bold">Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. </font></p>
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            <p style="margin:0pt; text-indent:36pt"><font style="font-family:Arial; font-size:10.5pt; font-weight:normal">On May 30, 2013</font><font style="font-family:Arial; font-size:10.5pt; font-weight:normal">, </font><font style="font-family:Arial; font-size:10.5pt; font-weight:normal">Compressco Partners</font><font style="font-family:Arial; font-size:10.5pt; font-weight:normal"> GP Inc. (the &#8220;General Partner&#8221;), the general partner of Compressco Partners</font><font style="font-family:Arial; font-size:10.5pt; font-weight:normal">, L.P. (the &#8220;Partnership&#8221;) </font><font style="font-family:Arial; font-size:10.5pt; font-weight:normal"> entered into </font><font style="font-family:Arial; font-size:10.5pt; font-weight:normal">a </font><font style="font-family:Arial; font-size:10.5pt; font-weight:normal">change of control agreemen</font><font style="font-family:Arial; font-size:10.5pt; font-weight:normal">t</font><font style="font-family:Arial; font-size:10.5pt; font-weight:normal"> </font><font style="font-family:Arial; font-size:10.5pt; font-weight:normal">(the</font><font style="font-family:Arial; font-size:10.5pt; font-weight:normal"> &#8220;COC Agreement&#8221;) with </font><font style="font-family:Arial; font-size:10.5pt; font-weight:normal">Ronald J. Foster, President of the General P</font><font style="font-family:Arial; font-size:10.5pt; font-weight:normal">artner.</font></p>
            <p style="margin:0pt 0pt 0pt 72pt"><font style="font-family:Arial; font-size:10.5pt; font-weight:normal">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:36pt"><font style="font-family:Arial; font-size:10.5pt">The COC Agreement has an initial two-year term, with an automatic one-year extension on the second anniversary of the effective date (or any anniversary date thereafter) unless a cancellation notice is given at least 90 days prior to the expiratio</font><font style="font-family:Arial; font-size:10.5pt">n of the then applicable term.&#160; </font><font style="font-family:Arial; font-size:10.5pt">Under the COC Agreement, the </font><font style="font-family:Arial; font-size:10.5pt">General Partner</font><font style="font-family:Arial; font-size:10.5pt"> has </font><font style="font-family:Arial; font-size:10.5pt">an obligation to </font><font style="font-family:Arial; font-size:10.5pt">provide certain benefits to Mr. Foster</font><font style="font-family:Arial; font-size:10.5pt"> upon a </font><font style="font-family:Arial; font-size:10.5pt">qualifying </font><font style="font-family:Arial; font-size:10.5pt">termination event </font><font style="font-family:Arial; font-size:10.5pt">that occurs in connection with or within two years following </font><font style="font-family:Arial; font-size:10.5pt">a </font><font style="font-family:Arial; font-size:10.5pt">&#8220;</font><font style="font-family:Arial; font-size:10.5pt">change of control</font><font style="font-family:Arial; font-size:10.5pt">&#8221;</font><font style="font-family:Arial; font-size:10.5pt"> of the </font><font style="font-family:Arial; font-size:10.5pt">Partne</font><font style="font-family:Arial; font-size:10.5pt">rship or </font><font style="font-family:Arial; font-size:10.5pt">TETRA Technologies, Inc. (&#8220;TETRA&#8221;)</font><font style="font-family:Arial; font-size:10.5pt">. A </font><font style="font-family:Arial; font-size:10.5pt">qualifying </font><font style="font-family:Arial; font-size:10.5pt">termination event under the COC Agreement includes </font><font style="font-family:Arial; font-size:10.5pt">the </font><font style="font-family:Arial; font-size:10.5pt">termination of </font><font style="font-family:Arial; font-size:10.5pt">Mr. Foster</font><font style="font-family:Arial; font-size:10.5pt">&#8217;s employment by the </font><font style="font-family:Arial; font-size:10.5pt">General Partner</font><font style="font-family:Arial; font-size:10.5pt"> </font><font style="font-family:Arial; font-size:10.5pt">other than for Cause (as that term is defined in the COC Agreement)</font><font style="font-family:Arial; font-size:10.5pt"> or termination by </font><font style="font-family:Arial; font-size:10.5pt">Mr. Foster</font><font style="font-family:Arial; font-size:10.5pt"> for Good Reason (as that term is defined in the COC Agreement). </font></p>
            <p style="margin:0pt; text-indent:36pt"><font style="font-family:Arial; font-size:10.5pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:36pt"><font style="font-family:Arial; font-size:10.5pt">Under the COC Agreement, if a </font><font style="font-family:Arial; font-size:10.5pt">qualifying </font><font style="font-family:Arial; font-size:10.5pt">termination event occurs </font><font style="font-family:Arial; font-size:10.5pt">in connection with or </font><font style="font-family:Arial; font-size:10.5pt">within </font><font style="font-family:Arial; font-size:10.5pt">two</font><font style="font-family:Arial; font-size:10.5pt"> years following a change of control, the </font><font style="font-family:Arial; font-size:10.5pt">General Partner </font><font style="font-family:Arial; font-size:10.5pt">has </font><font style="font-family:Arial; font-size:10.5pt">an obligation to pay </font><font style="font-family:Arial; font-size:10.5pt">Mr. Foster </font><font style="font-family:Arial; font-size:10.5pt">the following cash severance amounts:</font><font style="font-family:Arial; font-size:10.5pt"> (i)(A) an amount equal to </font><font style="font-family:Arial; font-size:10.5pt">Mr. Foster</font><font style="font-family:Arial; font-size:10.5pt">&#8217;s earned but unpaid Annual Bonus (as that term is defined in the COC Agreement) attributable to the immediately preceding calendar year and earned bu</font><font style="font-family:Arial; font-size:10.5pt">t unpaid Long Term Bonus (as that term is defined in the COC Agreement) attributable to </font><font style="font-family:Arial; font-size:10.5pt">the</font><font style="font-family:Arial; font-size:10.5pt"> performance period ended as of the end of the immediately preceding calendar to the extent such amounts would have been paid to </font><font style="font-family:Arial; font-size:10.5pt">Mr. Foster</font><font style="font-family:Arial; font-size:10.5pt"> </font><font style="font-family:Arial; font-size:10.5pt">had </font><font style="font-family:Arial; font-size:10.5pt">he</font><font style="font-family:Arial; font-size:10.5pt"> </font><font style="font-family:Arial; font-size:10.5pt">remained employed </font><font style="font-family:Arial; font-size:10.5pt">by the </font><font style="font-family:Arial; font-size:10.5pt">General Partner</font><font style="font-family:Arial; font-size:10.5pt">, and in each case only to the extent the performance goals for each such bonus were achieved for the respective performance period, plus (B) </font><font style="font-family:Arial; font-size:10.5pt">Mr. Foster</font><font style="font-family:Arial; font-size:10.5pt">&#8217;s prorated </font><font style="font-family:Arial; font-size:10.5pt">t</font><font style="font-family:Arial; font-size:10.5pt">arget Annual Bonus for the current year, plus (C) an amount equal to </font><font style="font-family:Arial; font-size:10.5pt">Mr. Foster</font><font style="font-family:Arial; font-size:10.5pt">&#8217;s </font><font style="font-family:Arial; font-size:10.5pt">t</font><font style="font-family:Arial; font-size:10.5pt">arget Long Term Bonus for each outstanding aw</font><font style="font-family:Arial; font-size:10.5pt">ard; plus (ii) the product of 2 </font><font style="font-family:Arial; font-size:10.5pt">times the sum of </font><font style="font-family:Arial; font-size:10.5pt">Mr. Foster</font><font style="font-family:Arial; font-size:10.5pt">&#8217;s Base Salary and </font><font style="font-family:Arial; font-size:10.5pt">t</font><font style="font-family:Arial; font-size:10.5pt">arget Annual Bonus amount for the </font><font style="font-family:Arial; font-size:10.5pt">year in which the qualifying termination event occurs</font><font style="font-family:Arial; font-size:10.5pt">; plus (iii) an amount equal to</font><font style="font-family:Arial; font-size:10.5pt"> the aggregate premiums and any administrative fees applicable to </font><font style="font-family:Arial; font-size:10.5pt">Mr. Foster</font><font style="font-family:Arial; font-size:10.5pt"> due to </font><font style="font-family:Arial; font-size:10.5pt">an </font><font style="font-family:Arial; font-size:10.5pt">election of continuation of coverage that </font><font style="font-family:Arial; font-size:10.5pt">he</font><font style="font-family:Arial; font-size:10.5pt"> would be required to pay if </font><font style="font-family:Arial; font-size:10.5pt">he </font><font style="font-family:Arial; font-size:10.5pt">elected to continue medical and dental benefits under the </font><font style="font-family:Arial; font-size:10.5pt">General Partner</font><font style="font-family:Arial; font-size:10.5pt">&#8217;s group health plan</font><font style="font-family:Arial; font-size:10.5pt"> for </font><font style="font-family:Arial; font-size:10.5pt">Mr. Foster</font><font style="font-family:Arial; font-size:10.5pt"> and </font><font style="font-family:Arial; font-size:10.5pt">his</font><font style="font-family:Arial; font-size:10.5pt"> eligible dependents without subsidy from the </font><font style="font-family:Arial; font-size:10.5pt">General Partner </font><font style="font-family:Arial; font-size:10.5pt">for a period of two years following the date of </font><font style="font-family:Arial; font-size:10.5pt">Mr. Foster&#8217;s </font><font style="font-family:Arial; font-size:10.5pt">qualifying </font><font style="font-family:Arial; font-size:10.5pt">termination of </font><font style="font-family:Arial; font-size:10.5pt"> </font><font style="font-family:Arial; font-size:10.5pt">employment. The Agreement also provides for full acceleration of any outstanding re</font><font style="font-family:Arial; font-size:10.5pt">stricted </font><font style="font-family:Arial; font-size:10.5pt">unit</font><font style="font-family:Arial; font-size:10.5pt"> awards</font><font style="font-family:Arial; font-size:10.5pt">, phantom unit awards</font><font style="font-family:Arial; font-size:10.5pt"> and other </font><font style="font-family:Arial; font-size:10.5pt">unit</font><font style="font-family:Arial; font-size:10.5pt">-based awards upon </font><font style="font-family:Arial; font-size:10.5pt">Mr. Foster&#8217;s</font><font style="font-family:Arial; font-size:10.5pt"> qualifying </font><font style="font-family:Arial; font-size:10.5pt">termination </font><font style="font-family:Arial; font-size:10.5pt">of </font><font style="font-family:Arial; font-size:10.5pt">employment</font><font style="font-family:Arial; font-size:10.5pt"> to the extent permitted under the applicable plan</font><font style="font-family:Arial; font-size:10.5pt">.</font><font style="font-family:Arial; font-size:10.5pt">&#160; All payments and benefits due under the COC Agreement are conditioned upon the </font><font style="font-family:Arial; font-size:10.5pt">execution and nonrevocation by </font><font style="font-family:Arial; font-size:10.5pt">Mr. Foster</font><font style="font-family:Arial; font-size:10.5pt"> of a release for the benefit of the </font><font style="font-family:Arial; font-size:10.5pt">General Partner</font><font style="font-family:Arial; font-size:10.5pt">. </font><font style="font-family:Arial; font-size:10.5pt"> All payments under the COC Agreement are subject to reduction as may be necessary to avoid </font><font style="font-family:Arial; font-size:10.5pt">exceeding the amount allowed under Section 280G of the Internal Reven</font><font style="font-family:Arial; font-size:10.5pt">ue Code of 1986, as amended</font><font style="font-family:Arial; font-size:10.5pt">. </font></p>
            <p style="margin:0pt; text-indent:36pt"><font style="font-family:Arial; font-size:10.5pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:36pt"><font style="font-family:Arial; font-size:10.5pt">The COC Agreement also contains certain confidentiality provisions and related restrictions applicable to Mr. Foster.&#160; In addition to restrictions upon improper disclosure and use of Confidential Information (as defined in th</font><font style="font-family:Arial; font-size:10.5pt">e COC Agreement), Mr. Foster</font><font style="font-family:Arial; font-size:10.5pt"> agrees that for a period of two years following a termination of employment for any reason, he will not solicit the General Partner&#8217;s or </font><font style="font-family:Arial; font-size:10.5pt">the Partnership</font><font style="font-family:Arial; font-size:10.5pt">&#8217;s employees or otherwise engage in a competitive business w</font><font style="font-family:Arial; font-size:10.5pt">ith the General Partner or </font><font style="font-family:Arial; font-size:10.5pt">the Partnership</font><font style="font-family:Arial; font-size:10.5pt"> as more specifically set forth in the COC Agreement.&#160; Such obligations are only applicable to Mr. Foster if he receives the severance benefits described above.</font></p>
            <p style="margin:0pt; text-indent:36pt"><font style="font-family:Arial; font-size:10.5pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:36pt"><font style="font-family:Arial; font-size:10.5pt">The foregoing de</font><font style="font-family:Arial; font-size:10.5pt">scription of the COC Agreement </font><font style="font-family:Arial; font-size:10.5pt">is qu</font><font style="font-family:Arial; font-size:10.5pt">alified in its entirety by reference to the full text of the form of COC Agreement, which is filed herewith as Exhibit 10.1 and incorporated herein by reference. </font></p>
           <p style="margin:0pt 0pt 0pt 18pt; text-indent:36pt;"><font style="font-family:Arial; font-size:11pt">&#xa0;</font></p>
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            <p style="margin:0pt"><a name="EDGAR_PAGE_START3"></a><font style="font-family:Arial; font-size:10.5pt; font-weight:bold">Item 9.01. Financial Statements and Exhibits.</font></p>
            <p style="margin:0pt"><font style="font-family:Arial; font-size:10.5pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent: 36pt;"><font style="font-family:Arial; font-size:10.5pt">(d) Exhibits.</font></p>
            <p style="margin:0pt"><font style="font-family:Arial; font-size:11pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">Exhibit Number</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:top">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">Description</font></p>
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                </tr>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10.5pt">10.1</font></p>
                    </td>
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                    <td style="border-top-color:#000000; border-top-style:solid; border-top-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:top">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10.5pt">Change of Control Agreement</font><font style="font-family:Arial; font-size:10.5pt"> with Ronald J. Foster</font></p>
                    </td>
                </tr>
            </table>
            <p style="margin:0pt 0pt 0pt 18pt; text-indent:36pt;"><font style="font-family:Arial; font-size:11pt">&#xa0;</font></p>
            <p style="margin:0pt 0pt 0pt 18pt; text-indent:36pt;">&nbsp;</p>
            <p style="margin:0pt 0pt 0pt 18pt; text-indent:36pt;">&nbsp;</p>
            <p style="margin:0pt 0pt 0pt 18pt; text-indent:36pt;">&nbsp;</p>
            <p style="margin:0pt 0pt 0pt 18pt; text-indent:36pt;">&nbsp;</p>
            <p style="margin:0pt 0pt 0pt 18pt; text-indent:36pt;">&nbsp;</p>
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            <h5 style="margin:10pt 0pt 0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid; font-weight:normal"><a name="EDGAR_PAGE_START4"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold">SIGNATURES</font></h5>
            <p style="margin:0pt"><font style="font-family:Arial; font-size:11pt">&#xa0;</font></p>
            <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:11pt">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 </font><font style="font-family:Arial; font-size:11pt">duly authorized.</font></p>
            <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:11pt; font-weight:bold">&#xa0;</font></p>
            <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:11pt; font-weight:bold">&#xa0;</font></p>
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                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:11pt; font-weight:bold">Compressco Partners, L.P.</font></p>
                        <p style="margin:0pt">&nbsp;</p></td>
                </tr>
                <tr style="height:36pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:11pt">By:</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:11pt">Compressco Partners GP Inc.,</font></p>
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:11pt">&#160; </font><font style="font-family:Arial; font-size:11pt">its general partner</font></p>
                        <p style="margin:0pt">&nbsp;</p></td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:11pt">By:</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:11pt">/s/Ronald J. Foster</font></p>
                    </td>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:middle">
                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:11pt">&#xa0;</font></p>
                    </td>
                    <td style="border-top-color:#000000; border-top-style:solid; border-top-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:middle">
                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:11pt">Ronald J. Foster</font></p>
                    </td>
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                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:11pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:middle">
                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:11pt">President</font></p>
                    </td>
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                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:11pt">Date: </font><font style="font-family:Arial; font-size:11pt">June 4</font><font style="font-family:Arial; font-size:11pt">, 2013</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:middle">
                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:11pt">&#xa0;</font></p>
                    </td>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:11pt">&#xa0;</font></p>
            <p style="margin:0pt; text-align:justify">&nbsp;</p>
            <p style="margin:0pt; text-align:justify">&nbsp;</p>
            <p style="margin:0pt 0pt 0pt 18pt; text-indent:36pt;"><font style="font-family:Arial; font-size:11pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">Exhibit Number</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">Description</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10.5pt">10.1</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10.5pt">Change of Control </font><font style="font-family:Arial; font-size:10.5pt">Agreement</font><font style="font-family:Arial; font-size:10.5pt"> with Ronald J. Foster</font></p>
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{"company-data": {"conformed-name": "Compressco Partners, L.P.", "cik": "0001449488", "assigned-sic": "1389", "irs-number": "943450907", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-35195", "film-number": "13889811"}, "business-address": {"street1": "101 PARK AVENUE, SUITE 1200", "city": "OKLAHOMA CITY", "state": "OK", "zip": "73102", "phone": "405-677-0221"}, "mail-address": {"street1": "101 PARK AVENUE, SUITE 1200", "city": "OKLAHOMA CITY", "state": "OK", "zip": "73102"}}
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):
May
30
, 2013
Compressco
Partners, L.P.
(Exact name of registrant as specified in its charter)
Delaware
1-35195
94-3450907
(State or other jurisdiction
(Commission File Number)
(IRS Employer
of incorporation)
Identification No.)
101 Park Avenue, Suite 1200
Oklahoma
City, Oklahoma 73102
(Address of Principal Executive Offices and Zip Code)
Registrant's telephone number, including area code:
(405) 677-0221
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 und
er 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 May 30, 2013
,
Compressco Partners
GP Inc. (the "General Partner"), the general partner of Compressco Partners
, L.P. (the "Partnership")
entered into
a
change of control agreemen
t
(the
"COC Agreement") with
Ronald J. Foster, President of the General P
artner.
The COC Agreement has an initial two-year term, with an automatic one-year extension on the second anniversary of the effective date (or any anniversary date thereafter) unless a cancellation notice is given at least 90 days prior to the expiratio
n of the then applicable term.
Under the COC Agreement, the
General Partner
has
an obligation to
provide certain benefits to Mr. Foster
upon a
qualifying
termination event
that occurs in connection with or within two years following
a
"
change of control
"
of the
Partne
rship or
TETRA Technologies, Inc. ("TETRA")
. A
qualifying
termination event under the COC Agreement includes
the
termination of
Mr. Foster
's employment by the
General Partner
other than for Cause (as that term is defined in the COC Agreement)
or termination by
Mr. Foster
for Good Reason (as that term is defined in the COC Agreement).
Under the COC Agreement, if a
qualifying
termination event occurs
in connection with or
within
two
years following a change of control, the
General Partner
has
an obligation to pay
Mr. Foster
the following cash severance amounts:
(i)(A) an amount equal to
Mr. Foster
's earned but unpaid Annual Bonus (as that term is defined in the COC Agreement) attributable to the immediately preceding calendar year and earned bu
t unpaid Long Term Bonus (as that term is defined in the COC Agreement) attributable to
the
performance period ended as of the end of the immediately preceding calendar to the extent such amounts would have been paid to
Mr. Foster
had
he
remained employed
by the
General Partner
, and in each case only to the extent the performance goals for each such bonus were achieved for the respective performance period, plus (B)
Mr. Foster
's prorated
t
arget Annual Bonus for the current year, plus (C) an amount equal to
Mr. Foster
's
t
arget Long Term Bonus for each outstanding aw
ard; plus (ii) the product of 2
times the sum of
Mr. Foster
's Base Salary and
t
arget Annual Bonus amount for the
year in which the qualifying termination event occurs
; plus (iii) an amount equal to
the aggregate premiums and any administrative fees applicable to
Mr. Foster
due to
an
election of continuation of coverage that
he
would be required to pay if
he
elected to continue medical and dental benefits under the
General Partner
's group health plan
for
Mr. Foster
and
his
eligible dependents without subsidy from the
General Partner
for a period of two years following the date of
Mr. Foster's
qualifying
termination of
employment. The Agreement also provides for full acceleration of any outstanding re
stricted
unit
awards
, phantom unit awards
and other
unit
-based awards upon
Mr. Foster's
qualifying
termination
of
employment
to the extent permitted under the applicable plan
.
All payments and benefits due under the COC Agreement are conditioned upon the
execution and nonrevocation by
Mr. Foster
of a release for the benefit of the
General Partner
.
All payments under the COC Agreement are subject to reduction as may be necessary to avoid
exceeding the amount allowed under Section 280G of the Internal Reven
ue Code of 1986, as amended
.
The COC Agreement also contains certain confidentiality provisions and related restrictions applicable to Mr. Foster.  In addition to restrictions upon improper disclosure and use of Confidential Information (as defined in th
e COC Agreement), Mr. Foster
agrees that for a period of two years following a termination of employment for any reason, he will not solicit the General Partner's or
the Partnership
's employees or otherwise engage in a competitive business w
ith the General Partner or
the Partnership
as more specifically set forth in the COC Agreement.  Such obligations are only applicable to Mr. Foster if he receives the severance benefits described above.
The foregoing de
scription of the COC Agreement
is qu
alified in its entirety by reference to the full text of the form of COC Agreement, which is filed herewith as Exhibit 10.1 and incorporated herein by reference.
1
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number
Description
10.1
Change of Control Agreement
with Ronald J. Foster
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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.
Compressco Partners, L.P.
By:
Compressco Partners GP Inc.,
its general partner
By:
/s/Ronald J. Foster
Ronald J. Foster
President
Date:
June 4
, 2013
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EXHIBIT INDEX
Exhibit Number
Description
10.1
Change of Control
Agreement
with Ronald J. Foster
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