Business Context and Reporting Period
This Form 8-K filing by Suburban Propane Partners, L.P. is dated April 24, 2008. The report serves as a current disclosure regarding the declaration of the Fiscal 2008 Second Quarter Distribution.
Key Financial Metrics
The filing does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. The primary financial event disclosed is the declaration of a distribution for the second quarter of Fiscal 2008.
Material Changes
No material changes to financial performance or operational metrics are detailed in this specific filing. The document focuses solely on the administrative and regulatory aspects of the distribution declaration.
Guidance, Outlook, and Regulatory Matters
- Distribution Declaration: The Partnership announced its Fiscal 2008 Second Quarter Distribution via a press release included as Exhibit 99.1.
- Tax Withholding: In accordance with Treasury Regulation 1.1446-4(d), a qualified notice was issued to the New York Stock Exchange. This notice indicates the distribution represents income effectively connected with a U.S. business (ECI).
- Foreign Investor Impact: Nominees are required to withhold 35% of the 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 exact distribution amount per unit in the press release (Exhibit 99.1), as the 8-K text does not state the figure.
- Confirm the record date and payment date for the Fiscal 2008 Second Quarter Distribution.
- Review the tax implications for non-U.S. investors regarding the 35% withholding requirement on ECI.