Business Context and Reporting Period
This Form 8-K Current Report was filed by Kimbell Royalty Partners, LP on November 30, 2018, covering events occurring on November 29, 2018. The registrant is an emerging growth company incorporated in Delaware.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses on corporate governance and regulatory disclosure rather than financial performance data.
Material Changes
- Executive Appointment: Jeff McInnis was appointed as the new Chief Commercial Officer of the General Partner, effective November 29, 2018. He previously served as Chief Accounting Officer.
- Role Transition: Blayne Rhynsburger, currently the Controller, assumed responsibility for accounting and tax matters and will serve as the principal accounting officer effective immediately.
- Compensation: No specific compensation details were disclosed for Mr. Rhynsburger's new role; the Board anticipates approving a new arrangement to be disclosed in a future amendment.
Guidance, Outlook, and Risks
Management is scheduled to present at the Credit Suisse Minerals Conference on December 4, 2018, and the Wells Fargo Midstream and Utility Symposium on December 5-6, 2018. A "Fall 2018 Investor Presentation" has been posted on the company's website. The filing explicitly states that information in Item 7.01 is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and is not incorporated by reference into other filings.
Investor Verification Checklist
- Verify the specific components of Blayne Rhynsburger's new compensation arrangement once disclosed in a future filing amendment.
- Review the "Fall 2018 Investor Presentation" on the company website for updated operational outlooks and financial guidance.
- Confirm the effective dates and scope of responsibilities for the new Chief Commercial Officer and Principal Accounting Officer.