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)
August 5, 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 |
|
(IRS Employer |
of Incorporation) |
|
Identification No.) |
240 Route 10 West
Whippany, New Jersey 07981
(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 (see General Instruction A.2. below):
¨ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o |
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.
(b) Suburban Propane Partners, L.P. (the “Partnership”) announced on August 5, 2015 that, effective September 27, 2015 -- the beginning of the Partnership’s next fiscal year, Mark Wienberg, the Partnership’s current Chief Operating Officer, would assume the newly created position of Chief Development Officer. In his new role, Mr. Wienberg will be able to devote all of his time and energy on seeking external growth opportunities for the Partnership to expand into other businesses that can complement or supplement its core propane operations, as well as acquisitions within the propane industry.
Mr. Wienberg’s compensation will not change as a result of his assumption of this new role.
No new Chief Operating Officer is expected to be named by the Partnership.
A copy of the Partnership’s Press Release, dated August 5, 2015, has been furnished as Exhibit 99.1 to this Current Report.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
99.1 |
|
Press Release of Suburban Propane Partners, L.P. dated August 5, 2015 |
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.
August 5, 2015 |
|
SUBURBAN PROPANE PARTNERS, L.P. |
||
|
|
|
|
|
|
|
By: |
|
/s/ PAUL ABEL |
|
|
Name: |
|
Paul Abel |
|
|
Title: |
|
Senior Vice President, General Counsel & Secretary |
Exhibit No. |
|
Exhibit |
99.1 |
|
Press Release of Suburban Propane Partners, L.P. dated August 5, 2015 |
Exhibit 99.1
News ReleaseContact: Michael M. Keating
Senior Vice PresidentP.O. Box 206, Whippany, NJ 07981-0206Phone: 973-503-9396
_____________________________________________________________________________________
FOR IMMEDIATE RELEASE
Suburban Propane Partners, L.P.
Announces Senior Management Changes
Whippany, New Jersey, August 5, 2015 — Suburban Propane Partners, L.P. (NYSE:SPH)
(“Suburban”), a nationwide distributor of propane, fuel oil and related products and services, as well as a marketer of natural gas and electricity, today announced a re-alignment of senior leadership positions (effective September 27, 2015 -- the beginning of the Partnership’s next fiscal year), to support long-term strategic initiatives.
Mark Wienberg will move from his current role as Chief Operating Officer to a newly created position of Chief Development Officer, responsible for corporate development activities in line with the Partnership’s strategic objectives.
Steven C. Boyd will move from his current role as Senior Vice President of Field Operations to
Senior Vice President – Operations, responsible for overseeing all of the operations; including several operational support functions.
In announcing these management changes, President and Chief Executive Officer Michael A. Stivala commented, “This week marked the three-year anniversary from the closing of the Inergy Propane acquisition. I have relied heavily on Mark Wienberg and Steve Boyd to drive the seamless integration of the two companies and, as an organization, we have accomplished a lot in a short period of time. With our integration efforts effectively behind us, we are well positioned to increase our focus on the next phase of strategic growth – both internal and external.”
Mr. Stivala continued, “In his new role, Mark will now devote all of his time and energy on seeking external growth opportunities to expand into other businesses that can complement or supplement our core propane operations, as well as acquisitions within the propane industry. Steve will continue to fine-tune our operating model to maximize operational efficiencies, while driving market share growth within our areas of operation through exceptional customer service. As we continue to execute on our strategic growth initiatives, we will remain patient and disciplined in our approach to opportunities.”
Suburban Propane Partners, L.P. is a publically 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.
###
2FN>(G-Z;#-V?",+LSY9H&W(#0,SRUY?
M!+:9=6:R\)BZ;%*:/_N ]P-_@JJ66=ZR6V+EX+V&-L43(VG)@#1W!1./R=-C
M,Q%K-(8,M+#YJZ7F]5()JF66XLYSG7.>IO?Q5BYX21Q.F1S9*7P=8Y@=83OO
MG;GZ*:G,<>)]RR\)I/M^(10G\IS=V#/UVJNEG@[DYJ"
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MG"/VMEWL09_P!.,'(\R5HR;9#+J6PQV7IL7J#?)KMWL %OB%K_ #ODJ4WF
M3/5:6.VF*^ 0,P;9>O-6F 5\=3011;XZ6)NZ6$YFV0M[E%@97 RXFUAI_=.-
MNOGZZDA/8\FNITZU$-K>,%UB6*08?$[VFOET;'?50\LKI7ND<;N<=XGK*^;\
M_BE^WCHLSFY&--I(Z=/#RV ID+352,C&5VCVC\@J&APZF
MP^+=@C]H_F<H9:"CD;.T-D=)O6ZK#BMPBQ&M1>3-VMLNCLEC 4KC&$U];B,D
MT<0