Business Context and Reporting Period
Company: Natural Resource Partners L.P.
Filing Type: Form 8-K (Current Report)
Date of Report: October 20, 2005
Reporting Period: Events occurring on October 20, 2005, regarding the third quarter of 2005.
Key Financial Metrics
This filing does not contain specific financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity figures. The document focuses on corporate governance actions and distribution announcements.
Material Changes
- Partnership Agreement Amendment: On October 20, 2005, the company amended its partnership agreement to clarify the procedure and timing for converting subordinated units to common units.
- Unit Conversion: In connection with the quarterly distribution payment on November 14, 2005, 25% of the partnership's subordinated units (ticker: NSP) will convert into common units (ticker: NRP) and trade on the New York Stock Exchange.
Guidance, Outlook, and Management Commentary
Distribution Announcement: The company announced its quarterly distribution for the third quarter of 2005 via a press release (Exhibit 99.1). The payment date is set for November 14, 2005.
Regulatory Note: The distribution and conversion details are furnished under Item 7.01 (Regulation FD Disclosure) and are not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.
Investor Verification Checklist
- Verify the specific amount of the third-quarter 2005 distribution in the attached press release (Exhibit 99.1).
- Confirm the exact number of subordinated units converting to common units on November 14, 2005.
- Review Amendment No. 3 to the Partnership Agreement (Exhibit 4.1) for detailed conversion mechanics.
- Monitor the NYSE ticker symbol transition from NSP to NRP for the converted units.