-----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, GLMtG6xTXpUAOMy1hBJ/7LFMh+zWZodWzJ7eBF92nxh9gyntRRjCR9oWuwmM9M4+ bCb+7EkqXSSNTaDmaJl4dA== 0000950136-07-000573.txt : 20070201 0000950136-07-000573.hdr.sgml : 20070201 20070201101051 ACCESSION NUMBER: 0000950136-07-000573 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20070131 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070201 DATE AS OF CHANGE: 20070201 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: 07570313 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 file1.htm



UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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):

January 31, 2007


SUBURBAN PROPANE PARTNERS, L.P.

(Exact Name of Registrant as Specified in Its Charter)

 

Delaware

(State or Other Jurisdiction of Incorporation)

 

1-14222

22-3410353

(Commission File Number)

(IRS Employer Identification No.)

 

240 Route 10 West, Whippany, New Jersey

07981

(Address of Principal Executive Offices)

(Zip Code)

 

(973) 887-5300

(Registrant’s Telephone Number, Including Area Code)

 

N/A

(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:


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 Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


(d)

At its regular meeting on January 31, 2007, the Board of Supervisors of Suburban Propane Partners, L.P. (the “Partnership”), pursuant to authority granted to the Board under the Partnership’s Third Amended and Restated Agreement of Limited Partnership (the “Partnership Agreement”), increased the size of the Board from five (5) Supervisors to seven (7) Supervisors.  At that same meeting and again pursuant to authority granted to the Board under the Partnership Agreement, the Board elected Mr. John D. Collins and Ms. Jane Swift to fill the two vacancies on the Board created by the increase in size of the Board, effective with the next regular meeting of the Board (currently scheduled for April 25, 2007).  Mr. Collins and Ms. Swift were elected for a term due to expire at the next Tri-Annual Meeting of Unitholders of the Partnership, currently scheduled for Spring 2009.  A copy of the Partnership’s Press Release, dated February 1, 2007, announcing the elections of Mr. Collins and Ms. Swift and describing their backgrounds, has been furnished as Exhibit 99.1 to this Current Report.


There is no arrangement or understanding between either Mr. Collins or Ms. Swift, on the one hand, and any other persons pursuant to which either such newly-elected Supervisor was elected to the Board.


At this time neither Mr. Collins nor Ms. Swift has been named to any Board committees.  It is currently anticipated that the Board will name Supervisors to sit on its committees at its next regular meeting, currently scheduled for April 25, 2007.


There are no transactions, since the beginning of the Partnership's last fiscal year (September 25, 2005), or any currently proposed transaction, in which the Partnership was or is to be a participant and the amount involved exceeds $120,000, and in which either Mr. Collins or Ms. Swift, or any immediate family member of either of them, had or will have a direct or indirect material interest.


Pursuant to the Partnership’s current policies regarding Supervisor compensation, Supervisors, other than the Chairman of the Board, receive annual compensation of $75,000 from the Partnership for their service as Supervisors, and are reimbursed for their reasonable out-of-pocket expenses incurred in connection with attending meetings of the Board.  


ITEM 9.01

FINANCIAL STATEMENTS AND EXHIBITS


(d)      Exhibits.


99.1

Press Release of Suburban Propane Partners, L.P. dated February 1, 2007 announcing the election of John D. Collins and Jane Swift to its Board of Supervisors.








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.



Date: February 1, 2007

SUBURBAN PROPANE PARTNERS, L.P.

By:       /s/  PAUL ABEL

Name:

Paul Abel

Title:

General Counsel & Secretary








EXHIBITS


99.1

Press Release of Suburban Propane Partners, L.P. dated February 1, 2007 announcing the election of John D. Collins and Jane Swift to its Board of Supervisors.





EX-99.1 2 file2.htm PRESS RELEASE



 

News Release

Contact: Robert M. Plante

Vice President & Chief Financial Officer

P.O. Box 206, Whippany, NJ 07981-0206

Phone: 973-503-9252



______________________________________________________________________________________________


FOR IMMEDIATE RELEASE


Suburban Propane Partners, L.P. Announces Appointment of Harold R. Logan, Jr., as Chairman and Increases the Size of its Board of Supervisors


Whippany, New Jersey, February 1, 2007 -- Suburban Propane Partners, L.P. (the “Partnership”) (NYSE: SPH), a nationwide marketer of propane gas, fuel oil and related products and services, today announced that, at its regular meeting held on January 31, the Partnership’s Board of Supervisors unanimously elected Harold R. Logan, Jr., as its new Chairman. At the same meeting, the Board approved an increase in the number of Supervisors from five to seven, and elected Mr. John D. Collins and Ms. Jane Swift to fill the two new vacancies created by the increase in the size of the Board.


Mr. Logan has served on the Partnership’s Board of Supervisors since the Partnership went public in March 1996. From 2003 to September 2006, he was a Director and Chairman of the Finance Committee of the Board of Directors of TransMontaigne Inc., which provided logistical services (i.e. pipeline, terminaling and marketing) to producers and end-users of refined petroleum products. From 1995 to 2002, Mr. Logan was Executive Vice President/Finance, Treasurer and a Director of TransMontaigne Inc. Mr. Logan is also a Director of The Houston Exploration Company, Graphic Packaging, Inc. and Hart Energy Publishing LLP.


John Hoyt Stookey, the former Chairman, will continue to serve in the capacity as Supervisor of the Board of Supervisors. In announcing Mr. Logan’s appointment, Mr. Stookey said, “Hal Logan has been a tremendous asset to this Board since the Partnership’s public offering in 1996, and he brings a wealth of industry experience to his new position as Chairman. The Partnership will be well served with Hal in this important new role.”


Mr. Collins and Ms. Swift were elected for a term due to expire at the next Tri-Annual Meeting of Unitholders of the Partnership, currently scheduled for Spring 2009. At that meeting, under the current Partnership Agreement, all Supervisors will be elected by the Common Unitholders.


Ms. Swift, former Massachusetts Governor, is the founder of WNP Consulting, LLC, providing expert advice and guidance to early stage education companies.  From 2003 to 2006 she was a General Partner at Arcadia Partners, the leading venture capital firm focused exclusively on the education industry. She currently serves on the boards of Animated Speech Company, Sally Ride Science Inc. and WellCare Health Plans, and several not-for-profit boards, including The Republican Majority for Choice and Landmark Volunteers, Inc. Prior to joining Arcadia, Ms. Swift worked for 15 years in government. She was elected to the Massachusetts Senate in 1991 and in 1998 was elected as Lieutenant Governor. In 2001, Ms. Swift became Massachusetts’ first woman governor.


Mr. Collins brings over 40 years of financial auditing experience to his new position as Board Supervisor. He served with KPMG, LLP for 38 years, retiring in 2000 as senior audit partner of the New York office. During his tenure at KPMG, Mr. Collins’ principal clients included General Electric Company, Travelers Group, Citicorp, Credit Suisse First Boston, Pepsico and CitiGroup. He has served as a United States representative on the International Auditing Procedures Committee, a committee of international accountants responsible for establishing international auditing standards. He currently serves on the boards of Mrs. Fields Famous Brands, LLC, LeMoyne College and Excelsior Funds.


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 300 locations in 30 states.


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