Ferrellgas Partners extends CEO Zertuche’s contract
Ferrellgas Partners, L.P. extended the executive employment agreement of President and CEO Tamria Zertuche.
Rhea-AI Filing Summary
Ferrellgas Partners, L.P. extended the executive employment agreement of President and CEO Tamria Zertuche. A First Amendment dated July 16, 2026 keeps her in the roles of President, Chief Executive Officer, and principal executive officer through July 31, 2029, unless earlier terminated under the agreement’s terms.
Beginning August 1, 2026, Zertuche will receive an annual base salary of $935,000, subject to upward adjustment at the board’s discretion, and remains eligible for incentive and benefit plans and severance protections linked to the nature of any termination. A related July 21, 2026 press release highlights her leadership during a period of operational transformation and reiterates Ferrellgas’ focus on growth, service, and safety across its nationwide propane and Blue Rhino businesses.
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8-K Event Classification
3 items: 5.02, 7.01, 9.01
3 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
CEO base salary: $935,000 per year
CEO employment term end date: July 31, 2029
Blue Rhino locations: about 65,000 locations
+1 more
4 metrics
CEO base salary
$935,000 per year
Annual base salary from August 1, 2026 under the First Amendment
CEO employment term end date
July 31, 2029
Extended term of the President and CEO employment agreement
Blue Rhino locations
about 65,000 locations
Number of Blue Rhino propane exchange locations nationwide
Employee-owned Class A Units
1.1 million Class A Units
Indirectly owned by employees through an employee stock ownership plan
Key Terms
Executive Employment Agreement, Regulation FD Disclosure, employee stock ownership plan, principal executive officer
4 terms
Executive Employment Agreement regulatory
"entered into a First Amendment to Executive Employment Agreement"
Regulation FD Disclosure regulatory
"Item 7.01Regulation FD Disclosure."
Regulation FD disclosure requires public companies to share important, market-moving information with everyone at the same time instead of tipping off analysts or large investors first. Think of it as making sure all players on a field hear the same announcement simultaneously; that fairness helps investors trust that stock prices reflect the same information and reduces the risk of sudden, unfair trading advantages or regulatory penalties for selective leaks.
employee stock ownership plan financial
"indirectly own 1.1 million Class A Units of the partnership, through an employee stock ownership plan"
An employee stock ownership plan (ESOP) is a company-run program that gives workers ownership stakes by allocating or letting them buy company shares, often through a retirement-style account. For investors, ESOPs matter because they align employees’ incentives with company performance—like turning staff into shareholders—which can boost productivity and long-term value but may also concentrate employee retirement savings in company stock, affecting financial risk and share demand.
principal executive officer regulatory
"President and Chief Executive Officer and principal executive officer for purposes of the Exchange Act"
The principal executive officer is the highest-ranking manager who leads a company’s overall strategy, operations and public communication—often acting like the captain of a ship who sets direction and makes final calls. Investors watch this person because their decisions, credibility and ability to deliver results shape company performance, risk and market confidence, and changes in that role can directly affect stock value and corporate accountability.
FAQ
What change did Ferrellgas Partners (FGPR) make to CEO Tamria Zertuche’s employment term?
Ferrellgas extended CEO Tamria Zertuche’s employment agreement through July 31, 2029. The First Amendment dated July 16, 2026 keeps her as President, Chief Executive Officer, and principal executive officer, subject to earlier termination under the agreement’s provisions.
What is Tamria Zertuche’s new base salary at Ferrellgas Partners (FGPR)?
Starting August 1, 2026, Tamria Zertuche will receive an annual base salary of $935,000. The board of directors may increase this base salary from time to time at its sole discretion, in addition to other incentive and benefit plan participation.
What positions does Tamria Zertuche hold at Ferrellgas Partners (FGPR)?
Tamria Zertuche serves as President, Chief Executive Officer, and principal executive officer for Exchange Act purposes. Her extended agreement confirms her continued leadership in these roles as Ferrellgas pursues its long-term strategic vision.
What severance and benefit provisions apply to CEO Tamria Zertuche at FGPR?
Under the amended agreement, Zertuche remains eligible for the general partner’s incentive and benefits plans and will receive certain severance benefits if her employment ends, with the amount and terms dependent on the nature of the termination.
Where does Ferrellgas Partners (FGPR) operate and how extensive is Blue Rhino’s footprint?
Ferrellgas serves propane customers in all 50 states, the District of Columbia, and Puerto Rico. Its Blue Rhino propane exchange brand is available at about 65,000 locations nationwide, reflecting a broad retail presence.
How much equity do employees hold in Ferrellgas Partners (FGPR)?
Ferrellgas employees indirectly own 1.1 million Class A Units of the partnership through an employee stock ownership plan. This structure gives employees a meaningful indirect ownership interest in the business.
AI-generated analysis. How Rhea-AI works. Not financial advice.
