Business Context and Reporting Period
This Form 6-K, dated October 18, 2016, contains the Notice of 2016 Annual Meeting of Limited Partners and Proxy Statement for Navios Maritime Partners L.P. The filing serves to solicit proxies for the annual meeting scheduled for December 15, 2016, in Monaco. The company is a foreign private issuer filing under Form 20-F.
Key Financial Metrics
The filing text does not provide specific financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity for the current or prior periods. This document is a corporate governance filing rather than a financial results report.
- Outstanding Common Units (as of Oct 17, 2016): 83,079,710
- Outstanding General Partner Units (as of Oct 17, 2016): 1,695,509
- Stock Symbol: NMM (New York Stock Exchange)
Material Changes
The filing does not disclose material changes in financial condition or operations compared to prior periods. The primary updates relate to corporate governance actions required for the upcoming annual meeting.
Guidance, Outlook, and Management Commentary
Management commentary is limited to the solicitation of votes for the annual meeting. The Board of Directors recommends a vote "FOR" the following proposals:
- Election of Directors: Election of Dimitris Papastefanou Gkouras as a Class II Director to serve until the 2019 Annual Meeting. Mr. Gkouras is an independent director with a background in shipping finance.
- Ratification of Auditors: Ratification of the appointment of PricewaterhouseCoopers S.A. as independent public accountants for the fiscal year ending December 31, 2016.
No specific guidance, outlook, risks, or contingencies regarding future financial performance are detailed in this text.
Important Facts for Investors to Verify
- Verify the voting record date of October 17, 2016, to confirm eligibility to vote at the December 15, 2016 meeting.
- Confirm the total number of outstanding units (83,079,710 common units) to assess ownership concentration.
- Review the 2015 Annual Report on Form 20-F (referenced in the text) for actual financial performance data, as this filing does not contain it.
- Note that the Board recommends voting "FOR" both the director election and auditor ratification.