UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS
(b) On December 5, 2023, Suburban Propane Partners, L.P. (the “Partnership”) announced that Steven C. Boyd, its Chief Operating Officer, has declared his intention to retire effective January 1, 2025. Mr. Boyd has served in various leadership roles within the Partnership since 1997 and became its Senior Vice President – Operations in September 2015 and then its Chief Operating Officer in October 2017. Mr. Boyd has served the Partnership and all of its key stakeholders with an unwavering commitment to safety, employee development, operational excellence and growth.
(c) Simultaneously, the Partnership announced that Alejandro Centeno will serve as the successor to Mr. Boyd effective January 1, 2025. Mr. Centeno, 51, is currently Vice President of Operations and has held various leadership roles since joining the Partnership in July 2007.
Over the next twelve months, Messrs. Boyd and Centeno intend to work closely together to ensure a smooth transition of the operational leadership of the Partnership.
Mr. Centeno’s biographical information is set forth in the Partnership’s Annual Report on Form 10-K for the fiscal year ended September 30, 2023, filed with the Securities and Exchange Commission on November 22, 2023. There are no transactions, since the beginning of the Partnership's last fiscal year (September 24, 2022), 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 Mr. Centeno, or any immediate family member of Mr. Centeno, had or will have a direct or indirect material interest. Mr. Centeno has no family relationships with any supervisor, executive officer, or person nominated or chosen by the Partnership to become a supervisor or executive officer of the Partnership. There are no adjustments to Mr. Centeno’s compensation at this time.
A copy of the Partnership’s Press Release, dated December 5, 2023, announcing the transition of the Partnership’s operations leadership, has been furnished as Exhibit 99.1 to this Current Report.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits.
99.1 |
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104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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.
December 5, 2023 |
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SUBURBAN PROPANE PARTNERS, L.P. |
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By: |
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/s/ BRYON L. KOEPKE |
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Name: |
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Bryon L. Koepke |
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Title: |
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Vice President, General Counsel & Secretary |