Business Context and Reporting Period
Company: Suburban Propane Partners, L.P.
Filing Type: Form 8-K (Current Report)
Date: October 25, 2007
Context: The filing discloses the declaration of the Fiscal 2007 Fourth Quarter Distribution and provides 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 serves as a notification of a distribution declaration rather than a comprehensive financial statement.
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.
Guidance, Outlook, and Management Commentary
- Distribution Declaration: The Partnership announced its Fiscal 2007 Fourth Quarter Distribution via a press release (Exhibit 99.1).
- Withholding Notice: In accordance with Treasury Regulation 1.1446-4(d), the Partnership notified nominees that they are responsible for withholding 35% of the fiscal 2007 fourth quarter distribution for foreign investors (nonresident aliens, foreign corporations, foreign trusts, and foreign estates) as required under 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 the 8-K text does not state the figure.
- Confirm the record date and payment date for the distribution in the press release.
- Review the withholding implications for non-U.S. investors based on the 35% requirement noted in the filing.