SEC Filing Summary: Capital Product Partners L.P. (Form 6-K)
Business Context and Reporting Period
This Form 6-K, dated July 2, 2010, serves as a supplement to the proxy statement for the Annual Meeting of Limited Partners of Capital Product Partners L.P., a Marshall Islands limited partnership. The meeting is scheduled for July 22, 2010, in Piraeus, Greece. The filing amends and restates the "Voting Rights and Outstanding Shares" section of the original proxy statement dated June 21, 2010.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a corporate governance update regarding shareholder voting rather than a financial performance report.
Material Changes and Shareholder Data
- Outstanding Units (as of June 18, 2010 Record Date): 31,098,729 Common Units and 634,667 General Partner Units.
- Subordinated Units: None outstanding.
- Major Shareholder: Capital Maritime & Trading Corp., an affiliate of the general partner, owned 36.35% of Common Units as of May 31, 2010.
- Voting Rights: Each Common Unit entitles the holder to one vote. Units owned by the affiliate have the same rights as other Common Units.
- Quorum: A majority of total voting rights represented in person or by proxy is required.
Guidance, Outlook, and Management Commentary
The filing contains no financial guidance, outlook, or management commentary regarding operational performance. It details the mechanics of the proxy solicitation, noting that the Company will bear the costs and has retained Morrow & Co., LLC to assist. Proxies returned without instructions will be voted FOR the proposals set forth in the Notice of Annual Meeting.
Investor Verification Checklist
- Verify the total number of outstanding Common Units (31,098,729) against the most recent quarterly or annual report.
- Confirm the 36.35% ownership stake of Capital Maritime & Trading Corp. as of May 31, 2010.
- Review the full proxy statement dated June 21, 2010, to understand the specific proposals to be voted on at the July 22, 2010 meeting.
- Check the Nasdaq listing status under symbol "CPLP" for any trading halts or announcements related to the meeting.