-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, GncyEBnDXjo9nhTRig6QVP/y3aDbDVnc+0jo4noYBFFswoVWaujeYlTEVE1N++/c iE1rq4/meIM/lxjqTBeC+Q== 0000950136-05-003012.txt : 20050523 0000950136-05-003012.hdr.sgml : 20050523 20050523163324 ACCESSION NUMBER: 0000950136-05-003012 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050523 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050523 DATE AS OF CHANGE: 20050523 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SUBURBAN PROPANE PARTNERS LP CENTRAL INDEX KEY: 0001005210 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-MISCELLANEOUS RETAIL [5900] IRS NUMBER: 223410353 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14222 FILM NUMBER: 05851621 BUSINESS ADDRESS: STREET 1: P O BOX 206 STREET 2: 240 ROUTE 10 WEST CITY: WIPPANY STATE: NJ ZIP: 07981 BUSINESS PHONE: 9738875300 MAIL ADDRESS: STREET 1: ONE SUBURBAN PLZ STREET 2: 240 RTE 10 WEST CITY: WHIPPANY STATE: NJ ZIP: 07981 8-K 1 file001.htm FORM 8-K



                       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 23, 2005

                         Commission File Number: 1-14222

                         SUBURBAN PROPANE PARTNERS, L.P.
             (Exact name of registrant as specified in its charter)


               Delaware                                       22-3410353
  ---------------------------------                      -------------------
     (State or other jurisdiction                          (I.R.S. Employer
  of incorporation or organization)                      Identification No.)

                                240 Route 10 West
                           Whippany, New Jersey 07981
                                 (973) 887-5300
          (Address, including zip code, and telephone number, including
            area code, of registrant's principal executive offices)

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))

================================================================================





ITEM 5.02. DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF PRINCIPAL OFFICERS

(c) Appointment of Principal Officers.

Suburban Propane Partners, L.P. (the "Partnership") announced that the following
executives have been elected by the Board of Supervisors of the Partnership in
the capacities indicated below, effective May 23, 2005:

     o    Michael J. Dunn Jr., Senior Vice President, Corporate Development, has
          been appointed President of the Partnership. He will continue to
          report to Mark A. Alexander, Chief Executive Officer, and maintain his
          responsibility as a member of the Board of Supervisors. Mr. Dunn, age
          55, has been with the Partnership since March 1997 after an 18-year
          career with Goldman Sachs.

     o    Dennis W. Trautman has been named Chief Operating Officer, reporting
          to Michael J. Dunn, Jr. In this expanded role, he will be responsible
          for implementation and execution of the Partnership's operational
          goals and objectives. Prior to joining the Partnership in December
          2003 as Managing Director, Northeast Operations, Mr. Trautman, age 46,
          served as Chief Operating Officer of Agway Energy Products, LLC.

     o    Douglas T. Brinkworth has been promoted to Vice President - Supply,
          reporting to Michael J. Dunn, Jr. Mr. Brinkworth, age 43, joined the
          Partnership in April 1997 after a nine year career with Goldman Sachs.
          Since then he has assumed a progressive leadership role in the product
          supply area to the level of Managing Director.

     o    Michael A. Stivala, Controller of the Partnership, will assume the
          additional responsibility of Chief Accounting Officer and will
          continue to report to Robert M. Plante, Vice President & Chief
          Financial Officer. Mr. Stivala, age 36, joined the Partnership in
          December 2001 from PricewaterhouseCoopers where he was Senior Manager,
          Assurance & Business Advisory Services. Since joining Suburban he has
          been instrumental in leading the activities associated with
          Sarbanes-Oxley Act compliance.

The elected officers receive a base salary as determined annually by the
Partnership's Compensation Committee based on recommendations from their
immediate supervisors and participate in the Partnership's annual incentive
bonus and other incentive compensation plans on the same basis as other eligible
employees. The elected officers also participate in the Partnership's Severance
Protection Plan which provides sixty five weeks compensation, plus bonus
equivalent, in the event their employment is terminated within one year
following a change of control, provided, that in lieu of participation in this
plan, Mr. Dunn is entitled to receive seventy eight weeks compensation, plus
bonus equivalent, pursuant to the terms of a separate agreement with the
Partnership. In addition, in connection with the Partnership's December 2003
acquisition of certain of the businesses and assets of Agway Inc., Mr. Trautman
was provided a severance agreement pursuant to which he would receive two years
of compensation at a fixed rate if his employment were for any reason terminated
during the two-year period ending December 24, 2005.




ITEM 7.01. REGULATION FD DISCLOSURE

On May 23, 2005, the Partnership issued a press release announcing four
executive appointments (the "Press Release"). A copy of the Press Release has
been furnished as Exhibit 99.1 to this Current Report.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

(c) Exhibits.

    99.1  Press Release of Suburban Propane Partners, L.P. dated May 23, 2005,
          announcing four executive appointments.



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.



May 23, 2005                           SUBURBAN PROPANE PARTNERS, L.P.
                                       By: /s/ Janice G. Sokol
                                          -------------------------------------
                                       Name: Janice G. Sokol
                                       Title: Vice President, General Counsel
                                       and Secretary

================================================================================

EXHIBITS

Exhibit No.     Exhibit
- -----------     -------

99.1            Press Release of Suburban Propane Partners, L.P. dated
                May 23, 2005, announcing four executive appointments.

================================================================================



EX-99.1 2 file002.htm PRESS RELEASE DATED MAY 23, 2005




                     [SUBURBAN PROPANE LETTERHEAD OMITTED]

- --------------------------------------------------------------------------------

FOR IMMEDIATE RELEASE
- ---------------------

        SUBURBAN PROPANE PARTNERS, L.P. ANNOUNCES EXECUTIVE APPOINTMENTS

WHIPPANY, NEW JERSEY, MAY 23, 2005 -- Suburban Propane Partners, L.P. (the
"Partnership") (NYSE:SPH), a marketer of propane gas, fuel oil and related
products and services nationwide, today announced the following executive
appointments:

MICHAEL J. DUNN JR., Senior Vice President, Corporate Development, has been
appointed President of the Partnership. He will continue to report to Mark A.
Alexander, Chief Executive Officer, and maintain his responsibility as a member
of the Board of Supervisors. Mr. Dunn has been with the Partnership since March
of 1997 after an 18-year career with Goldman Sachs.

DENNIS W. TRAUTMAN has been named Chief Operating Officer, reporting to Michael
J. Dunn, Jr. In this expanded role, he will be responsible for driving the
implementation and execution of the Partnership's operational goals and
objectives. Prior to joining Suburban in December 2003 as Managing Director,
Northeast Operations, Mr. Trautman served as Chief Operating Officer of Agway
Energy Products, LLC.

DOUGLAS T. BRINKWORTH has been promoted to Vice President - Supply, reporting to
Michael J. Dunn, Jr. Mr. Brinkworth joined the Partnership in April 1997 after a
nine year career with Goldman Sachs. Since then he has assumed a progressive
leadership role in the product supply area to the level of Managing Director.

MICHAEL A. STIVALA, Controller of the Partnership, will assume the additional
responsibility of Chief Accounting Officer and will continue to report to Robert
M. Plante, Vice President & Chief Financial Officer. Mr. Stivala joined the
Partnership in December 2001 from PricewaterhouseCoopers where he was Senior
Manager, Assurance & Business Advisory Services. Since joining Suburban he has
been instrumental in leading the activities associated with Sarbanes-Oxley Act
compliance.

In announcing these promotions, Chief Executive Officer Mark A. Alexander
stated, "Mike Dunn has demonstrated keen insight into the architecture of
Suburban's growth and development. His appointment to President places him in a
key leadership role to implement the next phase of Suburban's long-range
operational and financial strategies. Denny Trautman has been a part of our
senior management team since the acquisition of Agway Energy and he will be a
strong and capable operational leader. Both Doug Brinkworth and Mike Stivala
have done an outstanding job in their present roles. Their expertise in their
respective disciplines will be valuable counsel for our management team. These
promotions will further strengthen our organization, leaving us well positioned
to execute our strategic plans for growth and continued operational efficiency."

                                   -- more --




Suburban Propane Partners, L.P. is a publicly traded Master Limited Partnership
listed on the New York Stock Exchange. Headquartered in Whippany, New Jersey,
Suburban has been in the customer service business since 1928. The Partnership
serves the energy needs of approximately 1,000,000 residential, commercial,
industrial and agricultural customers through more than 370 customer service
centers in 30 states.


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