Business Context and Reporting Period
This Form 8-K is a current report filed by Susser Petroleum Partners LP (note: the request metadata references "Sunoco LP," but the filing text identifies the registrant as Susser Petroleum Partners LP) on September 8, 2014. The report addresses corporate governance changes within the Partnership's General Partner.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is strictly limited to Item 5.02 regarding the appointment of a director and contains no financial performance data.
Material Changes
- Board Expansion: The size of the General Partner's board of directors was increased to nine members.
- Director Appointment: Richard D. Brannon was appointed as an independent director to the Board of Directors of Susser Petroleum Partners GP LLC.
- Transaction Disclosure: The filing confirms no transactions exceeding $120,000 involving Mr. Brannon have occurred since the beginning of the last fiscal year, nor are any proposed.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary on operations, risks, contingencies, or unusual items. The document focuses solely on the procedural appointment of a new director and the absence of related-party transactions.
Investor Verification Checklist
- Verify the correct registrant name (Susser Petroleum Partners LP vs. Sunoco LP) to ensure data alignment.
- Confirm the total number of directors on the General Partner's board is now nine.
- Review the independence status of the newly appointed director, Richard D. Brannon.
- Check subsequent filings for any related-party transactions involving Mr. Brannon that may arise after this reporting date.