UNITED STATES
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) January 22, 2015
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 of incorporation or organization) |
(I.R.S. Employer Identification No.) |
240 Route 10 West
Whippany, New Jersey 07981
(973) 887-5300
(Address, including zip code, and telephone number, including area code, of registrants 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 7.01. REGULATION FD DISCLOSURE
ITEM 8.01. OTHER EVENTS
On January 22, 2015, Suburban Propane Partners, L.P. (the Partnership) issued a press release (the Press Release) announcing its Fiscal 2015 First Quarter Distribution Declaration. A copy of the Press Release has been furnished as Exhibit 99.1 to this Current Report.
In the Press Release, the Partnership also announced that its Board of Supervisors had set May 13, 2015 as the date for the 2015 Tri-Annual Meeting of its Unitholders and had established the close of business on March 16, 2015 as the record date for such Tri-Annual Meeting. The Partnership anticipates making proxy materials available to its Unitholders of record as of such record date shortly following the record date. At the Tri-Annual Meeting, it is anticipated that Unitholders will be asked to elect the Partnerships Supervisors for three-year terms, to ratify the appointment of the Partnerships independent registered public accounting firm for its 2015 fiscal year, to approve an amendment to the Partnerships 2009 Restricted Unit Plan and to have a Say-on-Pay.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(d) | Exhibits. |
99.1 | Press Release of Suburban Propane Partners, L.P. dated January 22, 2015, announcing the Fiscal 2015 First Quarter Distribution Declaration. |
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.
January 22, 2015 | SUBURBAN PROPANE PARTNERS, L.P. | |||||
By: | /s/ MICHAEL A. KUGLIN | |||||
Name: | Michael A. Kuglin | |||||
Title: | Chief Financial Officer & Chief Accounting Officer |
EXHIBITS
Exhibit No. | Exhibit | |
99.1 | Press Release of Suburban Propane Partners, L.P. dated January 22, 2015, announcing the 2015 First Quarter Distribution Declaration. |
Exhibit 99.1
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News Release Contact: Michael A. Kuglin Chief Financial Officer & Chief Accounting Officer P.O. Box 206, Whippany, NJ 07981-0206 Phone: 973-503-9252 |
FOR IMMEDIATE RELEASE
Suburban Propane Partners, L.P. Declares
Quarterly Distribution of $0.8750 per Common Unit
Whippany, New Jersey, January 22, 2015 Suburban Propane Partners, L.P. (NYSE:SPH), a nationwide distributor of propane, fuel oil and related products and services, as well as a marketer of natural gas and electricity, today announced that its Board of Supervisors declared a quarterly distribution of $0.8750 per Common Unit for the three months ended December 27, 2014. This quarterly distribution rate equates to an annualized rate of $3.50 per Common Unit. The distribution is payable on February 10, 2015 to Common Unitholders of record as of February 3, 2015.
Nominees are hereby notified that there is a withholding requirement of 39.6% for foreign partners from the $0.8750 per unit cash distribution under Section 1446 of the Internal Revenue Code.
The Partnership also announced that, at its recent meeting, its Board of Supervisors had declared the close of business on March 16, 2015 as the record date for the 2015 Tri-Annual Meeting of the Partnerships Common Unitholders. The Tri-Annual Meeting is scheduled to be held at 9:00 a.m., Wednesday, May 13, 2015 at the Partnerships headquarters in Whippany, New Jersey.
The Partnership anticipates making proxy materials available to its Unitholders of record as of such record date shortly following the record date. At the Tri-Annual Meeting, it is anticipated that Unitholders will be asked to elect the Partnerships Supervisors for three-year terms, to ratify the appointment of the Partnerships independent registered public accounting firm for its 2015 fiscal year, to approve an amendment to the Partnerships 2009 Restricted Unit Plan and to have a Say-on-Pay.
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 1.2 million residential, commercial, industrial and agricultural customers through more than 710 locations in 41 states.
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