Business Context and Reporting Period
This Form 8-K Current Report was filed by Global Partners LP on July 19, 2021. The filing serves as a Regulation FD disclosure regarding the declaration of quarterly cash distributions on the Partnership's preferred units.
Key Financial Metrics
The filing details specific distribution rates for preferred unitholders but does not report consolidated revenue, profit, cash flow, margins, debt, or liquidity metrics.
- Series A Preferred Units: Quarterly distribution of $0.609375 per unit ($2.4375 annualized).
- Series B Preferred Units: Quarterly distribution of $0.59375 per unit ($2.375 annualized).
- Distribution Period: May 15, 2021 through August 14, 2021.
- Payment Date: August 16, 2021.
- Record Date: August 2, 2021.
Material Changes
The filing does not provide comparative financial data or discuss material changes in operating performance versus prior periods. The primary event is the Board's declaration of the specified cash distributions.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, or discussion of risks and contingencies beyond the standard disclosure regarding the distribution payment schedule. The text notes that the information is not deemed "filed" under Section 18 of the Exchange Act unless specifically incorporated by reference.
Investor Verification Checklist
- Verify the record date of August 2, 2021, to confirm eligibility for the upcoming distribution.
- Confirm the payment date of August 16, 2021, for Series A and Series B preferred units.
- Review the attached press release (Exhibit 99.1) for any additional context not included in the 8-K summary.
- Note that this filing does not contain updated financial statements or operational metrics.