Business Context and Reporting Period
Company: Global Partners LP
Filing Type: Form 8-K (Current Report)
Date of Report: January 19, 2011
Subject: Declaration of quarterly cash distribution by the Board of Directors of Global GP LLC.
Key Financial Metrics
- Quarterly Distribution: $0.50 per unit (common and subordinated).
- Annualized Distribution: $2.00 per unit.
- Reporting Period: October 1, 2010 through December 31, 2010.
- Payment Date: February 14, 2011.
- Record Date: February 3, 2011.
Note: This filing does not provide data on revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
The declared distribution of $0.50 per unit represents a 1% increase compared to the quarterly distribution of $0.4950 per unit paid in November 2010.
Guidance, Outlook, and Risks
Management Commentary: The filing announces the distribution declaration and payment schedule. No forward-looking guidance, risk factors, or contingencies are detailed within the text of this specific 8-K report.
Investor Verification Checklist
- Verify the record date of February 3, 2011, to ensure eligibility for the upcoming payment.
- Confirm the payment date of February 14, 2011.
- Review the attached press release (Exhibit 99.1) for additional context on the distribution decision.
- Note that the information in Item 7.01 is not deemed "filed" under the Exchange Act unless specifically incorporated by reference.