Business Context and Reporting Period
Company: Global Partners LP
Filing Type: Form 8-K (Current Report)
Date of Report: October 23, 2018
Event: Declaration of initial quarterly cash distribution on Series A preferred units.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. The primary financial data point disclosed is:
- Distribution Amount: $0.6635 per unit on Series A preferred units.
- Coverage Period: August 7, 2018, through November 14, 2018.
- Record Date: November 1, 2018.
- Payment Date: November 15, 2018.
Material Changes
The filing announces the initial quarterly cash distribution for the Series A preferred units issued on August 7, 2018. No comparative financial data or material changes to operating results are provided in this document.
Guidance, Outlook, and Risks
Management Commentary: The Board of Directors of Global GP LLC declared the distribution as part of the terms for the Series A preferred units.
Risks and Contingencies: The filing does not disclose new risks, contingencies, or unusual items. It notes that the information is not deemed "filed" under Section 18 of the Exchange Act unless specifically incorporated by reference.
Investor Verification Checklist
- Verify the record date of November 1, 2018, to confirm eligibility for the $0.6635 per unit distribution.
- Confirm the payment date of November 15, 2018, for Series A preferred unitholders.
- Review the attached press release (Exhibit 99.1) for additional context on the Series A preferred unit issuance.