Business Context and Reporting Period
This Form 6-K filing, dated November 17, 2021, serves as a Notice of Annual Meeting and Proxy Statement for Navios Maritime Partners L.P. The document announces the 2021 Annual Meeting of Limited Partners scheduled for December 21, 2021, in Monaco. The filing outlines the governance procedures, voting rights, and specific proposals to be voted upon by the company's limited partners.
Key Financial Metrics
The filing text does not provide specific financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity for the current or prior periods. This document is a governance notice rather than a financial report.
However, the following capital structure data is provided as of the record date (November 15, 2021):
- Outstanding Common Units: 30,197,087
- Outstanding General Partner Units: 622,555
- Trading Symbol: NMM (New York Stock Exchange)
Material Changes
The filing does not disclose material changes in financial condition or operations compared to prior periods. The primary updates relate to corporate governance, specifically the upcoming election of directors and the ratification of the independent auditor for the fiscal year ending December 31, 2021.
Guidance, Outlook, and Proposals
The Board of Directors has submitted two proposals for the annual meeting:
- Election of Class I Directors: To elect Kunihide Akizawa and Alexander Kalafatides to serve three-year terms expiring at the 2024 annual meeting. The Board recommends a vote "FOR" these nominees.
- Ratification of Independent Auditor: To ratify the appointment of Ernst & Young (Hellas) Certified Auditors-Accountants S.A. as the independent registered public accounting firm for the fiscal year ending December 31, 2021. The Board recommends a vote "FOR" this proposal.
Quorum Requirement: The presence of holders of at least 33% of outstanding common units is required to constitute a quorum.
Voting Thresholds: Director elections require a plurality of votes cast. Auditor ratification requires the affirmative vote of a majority of votes present or represented by proxy.
Investor Verification Checklist
- Verify the record date of November 15, 2021, to confirm eligibility to vote.
- Confirm the meeting date and time: December 21, 2021, at 11:30 a.m. local time in Monaco.
- Review the biographies of nominees Kunihide Akizawa and Alexander Kalafatides for relevant experience and independence.
- Check the company's website or Form 20-F for the 2019 Annual Report, as referenced in the text for historical financial data.
- Ensure proxy cards are returned promptly if unable to attend the meeting in person.