Business Context and Reporting Period
This Form 8-K filing by Black Stone Minerals, L.P. (the "Partnership") was submitted on February 10, 2016. The report concerns the scheduling of the Partnership's first Annual Meeting of the Limited Partners and the establishment of deadlines for shareholder director nominations.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is a current report regarding corporate governance events and does not contain financial performance data.
Material Changes
There are no material changes to financial operations or assets reported in this filing. The primary event is the Board of Directors of Black Stone Minerals GP, L.L.C. (the "General Partner") determining the date for the 2016 Annual Meeting.
Guidance, Outlook, and Corporate Governance
- 2016 Annual Meeting: Scheduled for Thursday, May 26, 2016. The specific time and location are to be determined and specified in the proxy statement.
- Record Date: Established as the close of business on March 28, 2016, for determining limited partners entitled to receive notice and vote.
- Director Nominations: Limited partners must deliver notice of nominations for the Board of the General Partner by the close of business on March 2, 2016, to be considered timely.
- Compliance: Nominations must comply with Section 13.5(b) of the First Amended and Restated Agreement of Limited Partnership and SEC rules.
Key Facts for Investor Verification
- Verify the specific time and location of the Annual Meeting once the proxy statement is released.
- Confirm the March 2, 2016 deadline for submitting director nomination notices if intending to nominate a candidate.
- Ensure the March 28, 2016 record date is noted for voting eligibility.
- Review the Partnership Agreement for full details on advance notice provisions for director nominations.