Business Context and Reporting Period
This Form 6-K filing, dated November 17, 2023, contains the Notice of 2023 Annual Meeting of Limited Partners and Proxy Statement for Navios Maritime Partners L.P. The annual meeting is scheduled for December 19, 2023, in Monaco. The filing serves to solicit proxies for the election of a Class III director and the ratification of the independent registered public accounting firm for the fiscal year ending December 31, 2023.
Key Financial Metrics
The filing text does not provide specific financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. This document is a governance notice rather than a financial results report. However, it discloses the following capital structure data as of the record date (November 13, 2023):
- Outstanding Common Units: 30,184,388
- Outstanding General Partner Units: 622,296
- Trading Symbol: NMM (New York Stock Exchange)
Material Changes
The filing does not report material changes in financial condition or operations compared to prior periods. The primary updates relate to corporate governance and the upcoming annual meeting logistics.
Guidance, Outlook, and Management Commentary
There is no financial guidance, outlook, or management commentary regarding future business performance in this document. The Board of Directors provides the following recommendations for the meeting proposals:
- Proposal One: Vote "FOR" the election of Serafeim Kriempardis as the Class III director for a three-year term expiring in 2026. Mr. Kriempardis is an independent director and currently serves as chairman of the Audit and Compensation Committees.
- Proposal Two: Vote "FOR" the ratification of Ernst & Young (Hellas) Certified Auditors-Accountants S.A. as the independent registered public accounting firm for the fiscal year ending December 31, 2023.
Risks and Contingencies: The filing notes that if limited partners do not ratify the selection of the independent accounting firm, the Audit Committee will reconsider its selection. No other specific risks or contingencies are detailed in this text.
Important Facts for Investors to Verify
- Meeting Date and Location: December 19, 2023, at 11:30 a.m. local time in Monaco.
- Record Date: November 13, 2023, for determining voting eligibility.
- Quorum Requirement: Holders of at least 33% of outstanding common units must be present or represented by proxy.
- Voting Thresholds: Director election requires a plurality of votes; auditor ratification requires a majority of votes present or represented.
- Financial Data Source: For actual financial results, investors must refer to the 2022 Annual Report on Form 20-F, available on the company website or via EDGAR, as this filing contains no financial statements.