Business Context and Reporting Period
This Form 8-K Current Report was filed by Suburban Propane Partners, L.P. on February 27, 2009. The filing addresses a procedural update regarding the scheduling of the company's 2009 Tri-Annual Meeting of Unitholders.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is strictly informational regarding corporate governance events and contains no financial performance data.
Material Changes
- Meeting Date Change: The 2009 Tri-Annual Meeting, previously indicated in the 2006 Proxy Statement to be held in April 2009, has been tentatively rescheduled to occur during the summer of 2009.
- Regulatory Compliance: The change represents a shift of more than 30 days from the initially disclosed date, triggering a disclosure requirement under Rule 14a-5(f) of the Securities Exchange Act of 1934.
Guidance, Outlook, and Management Commentary
Management has not provided financial guidance or outlook in this filing. The primary commentary focuses on updated deadlines for unitholder actions:
- Unitholder Proposals: Proposals for inclusion in the proxy statement under Rule 14a-8 must be received by the Board of Supervisors no later than April 1, 2009.
- Director Nominations: Unitholders beneficially owning 10% or more of outstanding Common Units may nominate individuals for election as Elected Supervisors. Written notice must be provided by the close of business on the tenth day following the announcement of the specific meeting date.
- Future Announcement: The specific date for the 2009 Tri-Annual Meeting will be announced once determined by the company.
Key Facts for Investor Verification
- Verify the exact date of the 2009 Tri-Annual Meeting once announced by the company.
- Confirm the April 1, 2009 deadline for submitting unitholder proposals for the proxy statement.
- Monitor future announcements to calculate the specific deadline for director nominations by major unitholders (10%+ owners).