Business Context and Reporting Period
Company: Suburban Propane Partners, L.P.
Filing Type: Form 8-K (Current Report)
Date of Report: April 23, 2009
Reporting Period: Fiscal 2009 Second Quarter
This filing serves as a Regulation FD disclosure and reports on the declaration of the Fiscal 2009 Second Quarter distribution. The document does not contain full financial statements but references a press release (Exhibit 99.1) regarding the distribution declaration.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The primary financial event disclosed is the declaration of a distribution for the fiscal 2009 second quarter.
Material Changes and Tax Withholding
In accordance with Treasury Regulation 1.1446-4(d), the Partnership issued a qualified notice to the New York Stock Exchange. This notice indicates that the distribution represents income effectively connected with a U.S. business (ECI). Consequently, all nominees are required to withhold 35% of the fiscal 2009 second quarter distribution for foreign investors, including nonresident aliens, foreign corporations, foreign trusts, and foreign estates, as mandated by Section 1446 of the Internal Revenue Code.
Guidance, Outlook, and Risks
The filing does not contain management commentary, forward-looking guidance, or specific risk factors beyond the statutory tax withholding requirement for foreign investors. The document strictly reports the distribution declaration and the associated tax compliance notice.
Investor Verification Checklist
- Verify the specific distribution amount per unit by reviewing the attached Press Release (Exhibit 99.1), as the 8-K text does not state the dollar value.
- Confirm the record date and payment date for the Fiscal 2009 Second Quarter distribution.
- Foreign investors should verify the 35% withholding requirement on ECI distributions with their tax advisors.
- Review the full press release for any additional operational context or market commentary not included in this summary.