-----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, LpQJXD+yVURLnar/y76/nMczWuXyWjg9IA5QXt1zRB49nyJHNWVQh6tWjSlv7x/+ 20Z9khOmtcwmPbkxK/bgRw== 0001005210-03-000040.txt : 20031204 0001005210-03-000040.hdr.sgml : 20031204 20031204171608 ACCESSION NUMBER: 0001005210-03-000040 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20031204 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20031204 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: 031038483 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 sp8k120403.txt SUBURBAN PROPANE PARTNERS, L.P. PRESS RELEASE 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) December 4, 2003 ---------------- 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) Identification No.) 240 Route 10 West Whippany, N.J. 07981 (973) 887-5300 -------------------- (Address, including zip code, and telephone number, including area code, of registrant's principal executive offices) Page 1 Exhibit Index on Page 4 ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE On December 3, 2003, Suburban Propane Partners, L.P. issued a press release (the "Press Release") announcing its intention to increase its quarterly distribution to $0.60 per Common Unit, payable in May 2004, contingent upon closing the previously announced Agway Energy transaction. A copy of the Press Release has been filed as exhibit 99.1 to this Current Report. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibits. A copy of the Press Release has been filed as Exhibit 99.1 to this Current Report. Page 2 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. SUBURBAN PROPANE PARTNERS, L.P. Decmber 4, 2003 By: /s/ Janice G. Meola ----------------------- Name: Janice G. Meola Title: Vice President, General Counsel and Secretary Page 3 EXHIBITS Exhibit No. Exhibit - ----------- ------- 99.1 Press Release dated December 3, 2003 EX-99.1 2 ex99pr120403.txt SUBURBAN PROPANE PARTNERS, L.P. EXHIBIT 99 EXHIBIT 99.1 ------------ NEWS RELEASE FOR IMMEDIATE RELEASE - --------------------- SUBURBAN PROPANE PARTNERS, L.P. ANNOUNCES INTENTION TO INCREASE ITS QUARTERLY DISTRIBUTION TO $0.60 PER COMMON UNIT -- $2.40 ANNUALIZED -- PAYABLE IN MAY 2004, CONTINGENT UPON CLOSING AGWAY ENERGY TRANSACTION WHIPPANY, N.J., December 3, 2003 -- Suburban Propane Partners, L.P. (NYSE:SPH), a marketer of propane gas and related products and services nationwide, today announced an intention to increase its quarterly distribution from $0.5875 to $0.60 per Common Unit, payable in respect to the second fiscal quarter of 2004, subject to completion of the previously announced Agway Energy transaction and declaration by the Board of Supervisors. On an annualized basis, the increase would equate to $0.05 per Common Unit, from $2.35 to $2.40 per Common Unit. The first distribution at this increased level would be payable in May 2004, in respect of the second fiscal quarter of 2004 when the Agway Energy transaction would be completed. It would be the eighth such increase since the Partnership's recapitalization in 1999. Subject to the declaration by the Board of Supervisors, the quarterly distribution payable in February 2004 in respect to the first quarter of fiscal 2004 will remain $0.5875 per Common Unit. On November 24, 2003, the United States Bankruptcy Court for the Northern District of New York approved Agway, Inc.'s motion to establish bid procedures for the sale of substantially all of the assets and business operations of Agway Energy Products LLC, Agway Energy Services Inc., and Agway Energy Services-PA, Inc., (collectively "Agway Energy"), all of which are wholly-owned subsidiaries of Agway, Inc. Under the court order, Suburban Propane L.P., the operating partnership of Suburban Propane Partners, L.P., has been officially designated the "stalking horse" bidder in a process in which additional bids for the Agway Energy assets and business operations are being solicited for a specified period of time. The Court has scheduled an auction and a hearing on December 18, 2003 to approve the highest and best offer submitted. Agway Energy, headquartered in Syracuse, New York, provides heating oil, propane, natural gas and electricity and related products and services to more than 400,000 residential, commercial, industrial and agricultural customers throughout New York, New Jersey, Pennsylvania and Vermont. Agway Energy is the second largest heating oil retailer in the United States and among the top ten propane marketers. (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 approximately 750,000 residential, commercial, industrial and agricultural customers through 320 customer service centers in 40 states. # # # Company contact: Robert M. Plante Vice President and Chief Financial Officer (973) 503-9252 -----END PRIVACY-ENHANCED MESSAGE-----