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 29, 2014

MARTIN MIDSTREAM PARTNERS L.P.
(Exact name of Registrant as specified in its charter)


DELAWARE
000-50056
05-0527861
(State of incorporation
or organization)
(Commission file number)
(I.R.S. employer identification number)


4200 Stone Road
Kilgore, TX 75662
(Address of principal executive offices)(Zip code)

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

Not Applicable
(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):

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 1.01.    Entry into a Material Definitive Agreement

          The Partnership has entered into an Amended and Restated Common Unit Purchase Agreement as attached hereto as Exhibit 10.1.

Item 2.01.     Completion of Acquisition or Disposition of Assets.

On August 29, 2014, Redbird Gas Storage LLC (“Redbird”), an indirect wholly owned subsidiary of Martin Midstream Partners L.P. (the “Partnership”), completed the previously announced purchase of all of the outstanding Category A membership interests in Cardinal Gas Storage Partners LLC ("Cardinal") from Energy Capital Partners ("ECP") for cash of approximately $120.0 million, subject to certain post-closing adjustments. At closing, the Partnership retired $265.3 million in net debt related to project level financings currently in place at Cardinal.

The Purchase Agreement between Redbird and ECP, dated August 10, 2014 (the “Purchase Agreement”), contains indemnification obligations of both Redbird and ECP, and other covenants and obligations of the parties. This description of the Purchase Agreement does not purport to be complete and is qualified in its entirety by the full text of such agreement, which was filed as Exhibit 10.1 to Partnership’s Current Report on Form 8-K filed on August 12, 2014.

Item 9.01.    Financial Statements and Exhibits.

(a)        Financial statements of businesses acquired. The audited consolidated financial statements of Cardinal for the three years ended December 31, 2013, 2012 and 2011, including the independent auditor’s report of PricewaterhouseCoopers LLP thereon, are incorporated herein by reference to the Partnership’s Form 10-K/A for the year ended December 31, 2013, filed on March 28, 2014. The unaudited consolidated and condensed financial statements of Cardinal as of and for the period ended June 30, 2014 are incorporated herein by reference to the Partnership’s Form 8-K filed on August 12, 2014.
(b)        Pro Forma Financial Information. The unaudited pro forma consolidated and condensed balance sheet as of June 30, 2014 and the unaudited pro forma consolidated and condensed statement of operations for the six months ended June 30, 2014 and year ended December 31, 2013, of the Partnership are incorporated herein by reference to the Partnership’s Form 8-K filed on August 12, 2014.
(d)        Exhibits.
Exhibit No.
Description
10.1
Amended and Restated Common Unit Purchase Agreement, dated August 29, 2014.
99.1
Press Release dated September 2, 2014.
23.1
Consent of PricewaterhouseCoopers LLP (incorporated herein by reference to the Partnership’s Form 8-K filed on August 12, 2014).







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.

MARTIN MIDSTREAM PARTNERS L.P.

By: Martin Midstream GP LLC,
Its General Partner


Date: September 2, 2014                By: /s/ Robert D. Bondurant            
Robert D. Bondurant,
Executive Vice President, Treasurer and
Chief Financial Officer






INDEX TO EXHIBITS

Exhibit No.
Description
10.1
Amended and Restated Common Unit Purchase Agreement, dated August 29, 2014

99.1
Press Release dated May 14, 2014.
23.1
Consent of PricewaterhouseCoopers LLP (incorporated herein by reference to the Partnership’s Form 8-K filed on August 12, 2014).





Exhibit 10.1 Amended and Restated Common Unit Purchase Agreement, dated August 29, 2014


Exhibit 10.1

AMENDED AND RESTATED
COMMON UNIT PURCHASE AGREEMENT
This Common Unit Purchase Agreement (this "Agreement"), executed August 29, 2014, effective as of August 11, 2014, is by and between Martin Midstream Partners L.P., a Delaware limited partnership (the "Seller") and Martin Product Sales LLC, a Texas limited liability company (the "Purchaser").
RECITALS
WHEREAS, the Seller and the Purchaser are parties to that certain Common Unit Purchase Agreement dated August 20, 2014 (the “Initial Agreement”);
WHEREAS, this Agreement amends and restates in its entirety the Initial Agreement;
WHEREAS, the Seller desires to issue and sell to the Purchaser, and the Purchaser desires to purchase from the Seller 1,171,265 common units (the "Units") representing limited partnership interests in the Seller;
WHEREAS, the Purchaser has agreed to purchase the Units from the Seller on the terms hereinafter set forth;
NOW, THEREFORE, in consideration of the foregoing recitals and the agreements herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the parties hereto hereby agree as follows:
ARTICLE 1.
PURCHASE AND SALE OF UNITS
1.1.    Purchase and Sale of the Units. Subject to the terms and conditions hereof and on the basis of the representations and warranties hereinafter set forth, the Seller agrees to issue and sell to the Purchaser, and the Purchaser agrees to purchase from the Seller the Units for the consideration of $45,000,000 (the "Sale Consideration"), payable by wire transfer to an account designated in writing by the Seller.
1.2.    Delivery of Unit Certificates. Upon the execution of this Agreement and upon the receipt of the payment from the Purchaser of the Sale Consideration, the Seller shall deliver to the Purchaser a certificate evidencing the Units.
1.3.    Restriction on the Transfer of the Units. The Purchaser acknowledges that, other than a pledge to Regions Bank in its capacity as administrative agent and collateral agent under the Purchaser’s secured credit agreement, the Purchaser may not directly or indirectly (including by operation of law) transfer any of the Units unless such transfer is pursuant to an effective registration statement under the Securities Act (as defined below) and the securities laws of any applicable state or other jurisdiction, or such transfer is exempt from registration under such laws. The certificate representing the Units delivered to the Purchaser pursuant to this Agreement and any subsequent unit certificates deriving from such certificate shall bear appropriate legends to such effect.
ARTICLE 2.
REPRESENTATIONS AND WARRANTIES
2.1.    Representations and Warranties of Seller. The Seller represents and warrants to, and agrees with, the Purchaser as follows:
2.1.1.    Legal Capacity. The Seller possesses the legal capacity to execute, deliver and perform this Agreement, without obtaining any approval, authorization, consent or waiver from, or giving any notice to, any third party or governmental entity.
2.1.2.    Execution, Delivery, and Enforceability. The Seller has duly authorized, executed, and delivered this Agreement, and this Agreement constitutes a valid, legal, and binding obligation of the Seller, enforceable against the Seller in accordance with its terms, subject to any laws affecting creditors' rights.




2.1.3.    Issuance of Units. The Units have been duly and validly authorized for issuance pursuant to this Agreement and, when issued and delivered as provided hereunder against payment in accordance with the terms hereof, will be validly issued, fully paid and nonassessable (except to the extent that such nonassessability may be limited by law or by the Seller’s Partnership Agreement).
2.1.4.    Conflicts. The Seller's execution, delivery, or performance of this Agreement or the transactions contemplated herein to be performed by the Seller will not conflict with, constitute a breach or violation of, result in a lien against, or give rise to any default or right of acceleration, cancellation, or termination with respect to any document or any applicable law to which Seller is a party or by which any of the Seller's assets are bound (or give rise to an event that with notice, lapse of time, or both, would result in such a conflict, breach, violation, lien, default, or right).
2.1.5    Sale Consideration. The Seller acknowledges and agrees that (a) the Sale Consideration has been determined by arms-length negotiations between the Seller and the Purchaser based upon each party’s analysis and diligence concerning the Company’s prospects and the fair market value of the Units, and (b) the Seller has not made any representations or warranties to the Purchaser regarding the historical or prospective financial or operating performance of, or any other matters relating to, the Seller or its subsidiaries.
2.2.    Representations and Warranties of Purchaser. The Purchaser represents and warrants to, and agrees with, the Seller as follows:
2.2.1.    Legal Capacity. The Purchaser possesses the legal capacity to execute, deliver and perform this Agreement, without obtaining any approval, authorization, consent or waiver from, or giving any notice to, any third party or governmental entity.
2.2.2.    Execution, Delivery, and Enforceability. The Purchaser has duly executed and delivered this Agreement, and this Agreement constitutes a valid, legal, and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms, subject to any laws affecting creditors' rights.
2.2.3.    Conflicts. The Purchaser's execution, delivery, and performance of this Agreement will not conflict with, constitute a breach or violation of, result in a lien against, or give rise to any default or right of acceleration, cancellation, or termination with respect to any document to which the Purchaser is a party or by which any of the Purchaser's assets are bound (or give rise to an event that with notice, lapse of time, or both, would result in such a conflict, breach, violation, lien, default, or right).
2.2.4.    Sophisticated Investor. The Purchaser is an "accredited investor" as defined in rule 501(a) under the Securities Act of 1933. The Purchaser is acquiring the Units for investment purposes only and not with a view to making a distribution of such Units.
ARTICLE 3.
GENERAL
3.1.    Amendment. No amendment or modification of any of the provisions of this Agreement shall be effective unless in writing and signed by all of the parties to this Agreement.
3.2.    Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original agreement, but all of which shall constitute one and the same agreement. Any party to this Agreement may execute and deliver this Agreement by an executed signature page transmitted by a facsimile machine.
3.3.     Entire Agreement. This Agreement constitutes the entire agreement and understanding among the parties to this Agreement and supersedes all prior agreements and understandings, both written and oral, with respect to the subject matter contained in this Agreement.
3.4.     Governing Law. THIS AGREEMENT SHALL BE CONSTRUED AND INTERPRETED ACCORDING TO, AND GOVERNED BY, THE LAWS OF THE STATE OF TEXAS, REGARDLESS OF THE LAWS THAT MIGHT OTHERWISE GOVERN UNDER THE APPLICABLE PRINCIPLES OF CONFLICTS OF THE STATE OF TEXAS.
3.5    Headings. Article and section headings are used in this Agreement only as a matter of convenience, are not a part of this Agreement, and shall not have any effect upon the construction or interpretation of this Agreement.





IN WITNESS WHEREOF, each party hereto has executed and delivered this Agreement as of the date first written above.
SELLER:
MARTIN MIDSTREAM PARTNERS L.P.
By: Martin Midstream GP LLC, its general partner

By:    /s/ Joseph McCreery            
Name:     Joseph McCreery            
Title:    Vice President of Finance and Head of Investor Relations                
PURCHASER:
MARTIN PRODUCT SALES LLC
By:    /s/ Robert D. Bondurant        
Name:     Robert D. Bondurant            
Title:    Executive Vice President and Chief Financial Officer            



Exhibit 99.1 Press Release dated 9/02/14




EXHIBIT 99.1


For more information:
Joe McCreery - Vice President of Finance and Head of Investor Relations
903-988-6425
ir@martinmlp.com




MARTIN MIDSTREAM PARTNERS L.P.
COMPLETES ACQUISITION OF CONTROLLING INTERESTS
IN CARDINAL GAS STORAGE PARTNERS LLC


KILGORE, TX - September 2, 2014 (GLOBE NEWSWIRE) - Martin Midstream Partners L.P. (NASDAQ: MMLP) (the “Partnership”) announced today that Redbird Gas Storage LLC, an indirect wholly-owned subsidiary of the Partnership has closed its previously announced purchase of the Category A membership interests in Cardinal Gas Storage Partners LLC.

About Martin Midstream Partners L.P. (NASDAQ: MMLP)
Martin Midstream Partners L.P. is a publicly traded limited partnership with a diverse set of operations focused primarily in the United States Gulf Coast region. The Partnership's primary business lines include: (1) terminalling, storage and packaging services for petroleum products and by-products; (2) natural gas liquids distribution services and natural gas storage; (3) sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and (4) marine transportation services for petroleum products and by-products.

Additional information concerning Martin Midstream is available on its website at www.martinmidstream.com.