Business Context and Reporting Period
This Form 8-K Current Report was filed by Suburban Propane Partners, L.P. on March 20, 2019. The report discloses a material change in corporate governance regarding the departure of a senior officer and the appointment of a successor.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
- Departure: Paul Abel, Senior Vice President, General Counsel, and Secretary, announced his intention to retire effective October 1, 2019. Mr. Abel has served the Partnership since June 2006.
- Appointment: Bryon Koepke joined the Partnership on March 15, 2019, as Vice President, Deputy General Counsel, and Assistant Secretary.
- Succession: Effective October 1, 2019, Mr. Koepke will succeed Mr. Abel as Vice President, General Counsel, and Secretary.
Outlook, Risks, and Management Commentary
Management expressed gratitude for Mr. Abel's nearly thirteen years of service and leadership. The Partnership plans for Mr. Abel and Mr. Koepke to work closely together until the transition date to ensure a smooth transfer of chief legal officer responsibilities. No specific financial risks, contingencies, or unusual items were disclosed in this filing.
Investor Verification Checklist
- Verify the exact transition date of October 1, 2019, for the change in General Counsel.
- Confirm Mr. Koepke's prior experience at Avis Budget Group, Inc. and Caterpillar Inc. as stated in the filing.
- Note that this filing contains no financial updates; refer to the most recent 10-Q or 10-K for financial performance.