SEC Filing Summary: Suburban Propane Partners, L.P.
Business Context and Reporting Period
This Form 8-K Current Report was filed by Suburban Propane Partners, L.P. on October 23, 2008. The filing serves as a Regulation FD disclosure and reports on the declaration of the Fiscal 2008 Fourth Quarter Distribution.
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 withholding requirements.
Material Changes
No material changes to financial performance or operations are detailed in this specific filing. The primary event is the announcement of the quarterly distribution and the notification to the New York Stock Exchange regarding tax withholding for foreign investors.
Guidance, Outlook, and Risks
The filing includes a qualified notice under Treasury Regulation 1.1446-4(d). It states that the distribution represents income effectively connected with a U.S. business (ECI). Consequently, all nominees are required to withhold 35% of the fiscal 2008 fourth 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.
Investor Verification Checklist
- Verify the exact distribution amount per unit in the attached Press Release (Exhibit 99.1), as it is not listed in the main body of this 8-K.
- Confirm the record date and payment date for the Fiscal 2008 Fourth Quarter Distribution.
- Review the tax implications for foreign investors regarding the 35% withholding requirement on ECI.
- Check subsequent filings for the full Fiscal 2008 financial results to assess overall performance.