Business Context and Reporting Period
This Form 6-K filing by Navios Maritime Partners L.P. is dated December 4, 2009, with the report signed on December 11, 2009. The filing serves to disclose changes in the company's board of directors rather than financial performance.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is strictly a disclosure of corporate governance changes.
Material Changes
- Director Resignation: Mr. Leonidas Korres resigned from his position as an elected director, effective December 4, 2009.
- Director Appointment: Mr. Serafeim Kriempardis was appointed as an elected director on December 9, 2009, to fill the vacancy.
- Committee Assignments: Mr. Kriempardis was assigned to serve on both the Audit Committee and the Conflicts Committee.
- Term Details: Mr. Kriempardis serves as a Class III director with a term expiring at the 2011 Annual Meeting or upon earlier resignation or removal.
Guidance, Outlook, and Risks
The filing does not contain management commentary, financial guidance, outlook, or specific risk factors. It references a press release dated December 10, 2009, regarding the appointment, which is incorporated by reference as Exhibit 99.1.
Key Facts for Investor Verification
- Verify the full biographical details and qualifications of the new director, Mr. Serafeim Kriempardis, in the referenced press release (Exhibit 99.1).
- Confirm the composition of the Audit and Conflicts Committees following the appointment.
- Check for any related party transactions or conflicts of interest involving the new director, given his assignment to the Conflicts Committee.