Business Context and Reporting Period
This Form 8-K Current Report was filed by STAR GROUP, L.P. on April 17, 2018. The report addresses corporate governance changes involving the Board of Directors of Kestrel Heat, LLC, the general partner of the Company.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
- Director Retirement: Sheldon B. Lubar notified Kestrel Heat, LLC on January 18, 2018, of his retirement as a director, effective April 17, 2018.
- Director Election: David M. Bauer was elected to the Board of Directors of Kestrel Heat on April 13, 2018, effective April 17, 2018.
Management Commentary and Compensation
Mr. Bauer, age 48, brings experience as the Chief Investment Officer of Lubar & Co. (since 2005), with prior roles at Facilitator Capital Fund and Arthur Andersen. He holds an MBA and a BS in Accounting and is a Certified Public Accountant.
Mr. Bauer will participate in the standard compensation program for non-management directors. He is expected to enter into an indemnification agreement consistent with those of other directors, covering liabilities incurred in good faith, payable only from the Company's assets. No other arrangements or relationships requiring disclosure under Item 404(a) of Regulation S-K exist.
Key Facts for Investor Verification
- Confirm the effective date of the board transition (April 17, 2018).
- Verify Mr. Bauer's professional background and lack of conflicting relationships.
- Note that this filing contains no financial results or operational updates.