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)
May 15, 2018
Commission File Number: 1-14222
SUBURBAN PROPANE PARTNERS, L.P.
(Exact name of registrant as specified in its charter)
Delaware |
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22-3410353 |
(State or Other Jurisdiction |
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(IRS Employer |
of Incorporation) |
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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):
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☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.07Submission of Matters to a Vote of Security Holders
On May 15, 2018, Suburban Propane Partners, L.P. (the “Partnership”) held its regular Tri-Annual Meeting (the “Meeting”) of its limited partners (“Unitholders”).
At the Meeting, the Unitholders re-elected to the Board of Supervisors, for a three-year term, all eight nominees proposed by the Board:
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Nominee |
For |
Withheld |
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Harold R. Logan, Jr. |
22,367,798 |
886,033 |
John Hoyt Stookey |
22,148,867 |
1,104,964 |
Jane Swift |
22,262,133 |
991,698 |
Lawrence C. Caldwell |
22,274,600 |
979,231 |
Matthew J. Chanin |
22,466,706 |
787,125 |
Terence J. Connors |
22,509,341 |
744,490 |
William M. Landuyt |
22,506,471 |
747,360 |
Michael A. Stivala |
22,511,723 |
742,108 |
At the Meeting, the Unitholders also approved the following proposals:
The ratification of the appointment of PricewaterhouseCoopers LLP as the Partnership’s independent registered public accounting firm for the Partnership’s 2018 fiscal year:
For |
Against |
Abstain |
Broker Non-Votes |
53,681,531 |
833,391 |
575,647 |
-0- |
The approval of the Partnership’s 2018 Restricted Unit Plan, authorizing the issuance of up to 1,800,000 Common Units pursuant to awards granted under that Plan:
For |
Against |
Abstain |
Broker Non-Votes |
20,360,348 |
2,214,892 |
678,591 |
31,836,738 |
The approval of an advisory resolution approving executive compensation (commonly referred to as “Say-on-Pay”):
For |
Against |
Abstain |
Broker Non-Votes |
20,477,392 |
2,064,445 |
711,994 |
31,836,738 |
Because the Partnership’s partnership agreement provides for Tri-Annual Meetings of the Unitholders (once every 3 years), no proposal regarding the frequency of Say-on-Pay resolutions was presented to the Unitholders at the Meeting. The Partnership will, for so long as required by applicable law, include a Say-on-Pay proposal at each Tri-Annual Meeting.
Item 9.01Financial Statements and Exhibits
(d) |
Exhibits |
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99.1 |
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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: May 16, 2018 |
SUBURBAN PROPANE PARTNERS, L.P. |
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By: |
/s/ PAUL ABEL |
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Name: |
Paul Abel |
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Title: |
Senior Vice President, Secretary and General Counsel |
Exhibit 99.1
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. Announces Results
from Tri-Annual Meeting of Unitholders
Whippany, New Jersey, May 16, 2018 -- 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 the results from its 2018 Tri-Annual Meeting of Unitholders held on May 15, 2018.
At the meeting, the Unitholders re-elected to the Board of Supervisors, for a three-year term, all eight nominees proposed by the Board:
Nominee
Harold R. Logan, Jr.
John Hoyt Stookey
Jane Swift
Lawrence C. Caldwell
Matthew J. Chanin
Terence J. Connors
William M. Landuyt
Michael A. Stivala
At the meeting, the Unitholders also approved: (1) the ratification of the appointment of PricewaterhouseCoopers LLP as the Partnership’s independent registered public accounting firm for the Partnership’s 2018 fiscal year; (2) the Partnership’s 2018 Restricted Unit Plan authorizing the issuance of up to 1,800,000 common units pursuant to awards granted under that Plan; and (3) an advisory amendment resolution approving executive compensation (commonly referred to as “Say-on-Pay”).
Because the Partnership’s agreement of limited partners provides for Tri-Annual Meetings of the Unitholders (once every three years), no proposal regarding the frequency of Say-on-Pay resolutions was presented to the Unitholders at the meeting. The Partnership will, for so long as required by applicable law, include a Say-on-Pay proposal at each Tri-Annual Meeting.
A detailed report of Unitholder voting results at the Partnership’s 2018 Tri-Annual Meeting of Unitholders can be found on Suburban Propane’s website at
http://investor.suburbanpropane.com/tri-annual-meeting or in the Current Report on Form 8-K that the Partnership is filing with the Securities and Exchange Commission.
Suburban Propane Partners, L.P., is a nationwide distributor of propane, fuel oil and related products and services, as well as a marketer of natural gas and electricity, servicing approximately one million customers through 668 locations across 41 states. It is proudly celebrating 90 years of innovation, growth and quality service in 2018. Dedication to safety, integrity, and an unwavering focus on outstanding customer service to its customers and the local communities it serves are cornerstones of its core values. Suburban Propane is a New York Stock Exchange listed limited partnership headquartered in Whippany, NJ. For additional information on Suburban Propane, please visit https://www.suburbanpropane.com/.
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