Business Context and Reporting Period
This Form 6-K filing, dated October 13, 2015, contains the Notice of Annual Meeting and Proxy Statement for Navios Maritime Partners L.P. The document serves to solicit proxies for the 2015 Annual Meeting of Limited Partners scheduled for November 24, 2015, in Monaco. The filing does not contain financial results for a specific reporting period but rather outlines corporate governance matters and meeting logistics.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This document is a proxy statement and does not include financial statements or performance metrics. The only quantitative data provided relates to capital structure:
- Common Units Outstanding: 83,079,710 (as of October 12, 2015)
- General Partner Units Outstanding: 1,695,509 (as of October 12, 2015)
- Trading Symbol: NMM (New York Stock Exchange)
Material Changes
The filing does not report material changes in financial performance or operations compared to prior periods. The primary changes noted are procedural, specifically the upcoming election of directors and the ratification of auditors for the fiscal year ending December 31, 2015.
Guidance, Outlook, and Corporate Actions
The document focuses on two specific proposals for shareholder approval:
- Proposal One (Election of Directors): Election of two Class I directors, Robert Pierot and John Karakadas, to serve until the 2018 Annual Meeting. The Board recommends a vote "FOR" these nominees.
- Proposal Two (Ratification of Auditors): Ratification of the appointment of PricewaterhouseCoopers as the independent public accountants for the fiscal year ending December 31, 2015. The Board recommends a vote "FOR" this proposal.
Management Commentary: The Chairman and CEO, Angeliki Frangou, emphasized the importance of voting by proxy to ensure representation at the meeting. The filing notes that the 2014 Annual Report on Form 20-F is available via the company website or EDGAR for financial details.
Important Facts for Investors to Verify
- Meeting Date and Location: November 24, 2015, at 10:30 a.m. in Monaco.
- Record Date: October 12, 2015, for determining voting eligibility.
- Voting Thresholds: Proposal One requires a plurality of votes cast; Proposal Two requires a majority of votes present or represented.
- Broker Non-Votes: Broker non-votes will have no effect on the election of directors (Proposal One) but may affect the ratification of auditors (Proposal Two) if brokers exercise their authority.
- Financial Data Source: Investors must refer to the 2014 Annual Report on Form 20-F for actual financial performance metrics, as they are not included in this proxy statement.