Business Context and Reporting Period
This Form 8-K Current Report was filed by Suburban Propane Partners, L.P. on October 22, 2009. The filing serves to disclose the declaration of the Fiscal 2009 Fourth Quarter Distribution and provides regulatory notice regarding withholding requirements for foreign investors.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on the declaration of a distribution and associated tax compliance notices.
Material Changes
No material changes to financial performance or operational status are detailed in this specific filing. The primary event is the announcement of the quarterly distribution declaration.
Guidance, Outlook, and Regulatory Matters
- Distribution Declaration: The Partnership announced its Fiscal 2009 Fourth Quarter Distribution via a press release included as Exhibit 99.1.
- Tax Withholding: In accordance with Treasury Regulation 1.1446-4(d), a qualified notice was issued to the New York Stock Exchange. This notice confirms the distribution represents income effectively connected with a U.S. business (ECI).
- Foreign Investor Requirement: Nominees are required to withhold 35% of the fiscal 2009 fourth quarter distribution for foreign investors (nonresident aliens, foreign corporations, foreign trusts, and foreign estates) under Section 1446 of the Internal Revenue Code.
Investor Verification Checklist
- Verify the specific distribution amount per unit in the attached Press Release (Exhibit 99.1), as the 8-K text does not state the figure.
- Confirm the record date and payment date for the Fiscal 2009 Fourth Quarter Distribution.
- Review the full text of the press release for any accompanying management commentary on fiscal year performance.