Business Context and Reporting Period
This Form 8-K is a current report filed by Global Partners LP on July 23, 2009. The filing primarily serves to disclose a quarterly cash distribution declaration by the Board of Directors of its general partner, Global GP LLC, covering the period from April 1, 2009, through June 30, 2009.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only specific financial figure disclosed is the distribution amount:
- Quarterly Cash Distribution: $0.4875 per unit.
- Annualized Distribution: $1.95 per unit.
- Applicability: Applies to all outstanding common and subordinated units.
Material Changes
The filing does not contain comparative financial data or discuss material changes in revenue, earnings, or balance sheet items versus prior periods. The primary event is the declaration of the distribution, which is a standard periodic event for the partnership.
Guidance, Outlook, and Payment Details
The filing contains no forward-looking guidance, management commentary on future operations, or discussion of risks and contingencies beyond standard regulatory disclaimers. Key payment logistics are as follows:
- Record Date: August 5, 2009 (close of business).
- Payment Date: August 14, 2009.
Note: The information in this Item 7.01 and the accompanying press release (Exhibit 99.1) is not deemed "filed" under Section 18 of the Exchange Act unless specifically incorporated by reference.
Investor Verification Checklist
- Verify the record date of August 5, 2009, to ensure eligibility for the $0.4875 per unit distribution.
- Confirm the payment date of August 14, 2009, for cash flow planning.
- Review the full text of the press release (Exhibit 99.1) for any additional context not summarized in the 8-K body.
- Consult the most recent 10-Q or 10-K filings for comprehensive financial metrics (revenue, debt, liquidity) as this 8-K does not provide them.