Business Context and Reporting Period
Company: Suburban Propane Partners, L.P.
Filing Type: Form 8-K (Current Report)
Date of Report: July 26, 2010
Event: Declaration of the Fiscal 2010 Third Quarter Distribution.
Key Financial Metrics
This filing announces a distribution declaration but does not contain specific financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity figures. The filing text does not provide a clear value for these items.
Material Changes
No material changes to financial performance or operations are detailed in this specific filing. The document serves solely to disclose the declaration of the quarterly distribution and associated tax withholding requirements.
Guidance, Outlook, and Regulatory Matters
- Distribution Declaration: The Partnership issued a press release announcing the Fiscal 2010 Third Quarter Distribution.
- Tax Withholding: In accordance with Treasury Regulation 1.1446-4(d), a qualified notice was issued to the New York Stock Exchange. The distribution is classified as income effectively connected with a U.S. business (ECI).
- Foreign Investor Impact: Nominees are required to withhold 35% of the fiscal 2010 Third Quarter distribution for foreign investors (nonresident aliens, foreign corporations, foreign trusts, and foreign estates) under Section 1446 of the Internal Revenue Code.
Investor Verification Checklist
- Verify the specific distribution amount per unit in the referenced Press Release (Exhibit 99.1), as it is not listed in the 8-K text.
- Confirm the record date and payment date for the distribution in the full press release.
- Review the full text of Exhibit 99.1 for any management commentary or operational updates accompanying the distribution announcement.