Business Context and Reporting Period
Company: Global Partners LP
Filing Type: Form 8-K (Current Report)
Date of Report: October 20, 2010
Subject: Declaration of quarterly cash distribution by the Board of Directors of Global GP LLC.
Key Financial Metrics
- Quarterly Distribution Declared: $0.4950 per unit (common and subordinated).
- Annualized Distribution: $1.98 per unit.
- Reporting Period for Distribution: July 1, 2010 through September 30, 2010.
- Payment Date: November 12, 2010.
- Record Date: November 3, 2010.
Note: This filing does not provide data on revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
- Distribution Increase: The declared distribution represents a 1.5% increase over the previous quarterly distribution of $0.4875 per unit paid in August 2010.
Guidance, Outlook, and Risks
Management Commentary: The filing serves as a Regulation FD disclosure regarding the distribution declaration. No specific guidance, outlook, or risk factors are detailed within the text of this 8-K.
Legal Disclaimer: In accordance with General Instruction B.2 of Form 8-K, the information in Item 7.01 and Exhibit 99.1 is not deemed "filed" under the Exchange Act unless specifically incorporated by reference.
Investor Verification Checklist
- Verify the record date of November 3, 2010, to ensure eligibility for the distribution.
- Confirm the payment date of November 12, 2010.
- Review the attached press release (Exhibit 99.1) for additional context on the distribution increase.
- Check subsequent filings for any changes to the distribution schedule or amount.