Business Context and Reporting Period
This Form 6-K filing, dated October 30, 2009, serves as a notice of the 2009 Annual Meeting of Limited Partners for Navios Maritime Partners L.P. The meeting is scheduled for December 16, 2009, in Piraeus, Greece. The filing includes the Notice of Annual Meeting and the Proxy Statement, soliciting votes from unitholders of record as of October 28, 2009.
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 corporate governance notice rather than a financial results report.
Capital structure details as of the record date (October 28, 2009) include:
- Common Units: 20,291,815
- Subordinated Units: 7,621,843
- Subordinated Series A Units: 1,000,000
- General Partner Units: 590,075
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 independent auditors.
Guidance, Outlook, and Management Commentary
Management, led by Chairman and CEO Angeliki Frangou, has not provided financial guidance or operational outlook in this document. The Board of Directors has unanimously recommended a vote "FOR" the following proposals:
- Election of Directors: Election of Robert Pierot and John Karakadas as Class I directors for terms expiring at the 2012 Annual Meeting.
- Independent Auditors: Ratification of the appointment of PricewaterhouseCoopers as independent public accountants for the fiscal year ending December 31, 2009.
No risks, contingencies, or unusual items are discussed in this specific filing.
Important Facts for Investors to Verify
- Meeting Date and Location: December 16, 2009, at Navios Shipmanagement Inc. offices in Piraeus, Greece.
- Voting Record Date: October 28, 2009.
- Director Nominees: Robert Pierot (shipbroker background) and John Karakadas (technology and investment background).
- Auditor: PricewaterhouseCoopers is proposed for the 2009 fiscal year.
- Financial Data Source: For financial results, investors should refer to the 2008 Annual Report on Form 20-F, available via the company website or SEC EDGAR, as this filing contains no financial statements.