Form 8-K SUBURBAN PROPANE PARTNER For: Nov 12
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section�13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): November�12, 2014
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SUBURBAN PROPANE PARTNERS, L.P.
(Exact Name of Registrant as Specified in Its Charter)
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Delaware | � | 1-14222 | � | 22-3410353 |
(State or Other Jurisdiction of Incorporation) |
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240�Route�10�West,�Whippany,�New�Jersey | � | � | 07981 | |
(Address of Principal Executive Offices) | � | � | (Zip Code) |
(973) 887-5300
(Registrant�s Telephone Number, Including Area Code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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� | � | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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� | � | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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� | � | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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� | � | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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Item�5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(d) Acting on the recommendation of its Nominating/Governance Committee, the Board of Supervisors of Suburban Propane Partners, L.P. (the
�Partnership�), pursuant to authority granted to the Board under the Partnership�s Third Amended and Restated Agreement of Limited Partnership, at its regular meeting on November�12, 2014, elected Michael A. Stivala, the
Partnership�s President and Chief Executive Officer, to fill, effective immediately, the vacancy on the Board created by the retirement of
Michael J. Dunn, Jr., the Partnership�s former Chief Executive Officer, on September�27,
2014. Mr.�Stivala was elected for a term due to expire at the next Tri-Annual Meeting of Unitholders of the Partnership, currently scheduled for Spring 2015. A copy of the Partnership�s Press Release, dated November�13, 2014,
announcing the election of Mr.�Stivala, has been furnished as Exhibit 99.1 to this Current Report.
There is no arrangement or understanding between Mr.�Stivala and any other persons pursuant to which he was elected to the Board.
At the present time it is not expected that Mr.�Stivala will serve on any of the committees of the Board.
Mr.�Stivala will not be entitled to any compensation, in addition to his existing compensation as the Partnership�s President and Chief Executive Officer, as a result of his election to the Board. Other than his compensation as an executive officer of the Partnership, there are no transactions, since the beginning of the Partnership�s last fiscal year (September 29, 2013), or any currently proposed transaction, in which the Partnership was or is to be a participant and the amount involved exceeds $120,000, and in which Mr.�Stivala, or any immediate family member, had or will have a direct or indirect material interest.
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ITEM�9.01 | FINANCIAL STATEMENTS AND EXHIBITS |
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(d) | Exhibits. |
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99.1 | �� | Press Release of Suburban Propane Partners, L.P. dated November�13, 2014 announcing the election of Michael A. Stivala to its Board of Supervisors. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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SUBURBAN�PROPANE�PARTNERS,�L.P. | ||
By: | � | /s/ PAUL ABEL |
Name: | � | Paul Abel |
Title: | � | Senior Vice President, General Counsel & Secretary |
Date: November�13, 2014
EXHIBITS
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99.1 | �� | Press Release of Suburban Propane Partners, L.P. dated November�13, 2014 announcing the election of Michael A. Stivala to its Board of Supervisors. |
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�� | EXHIBIT 99.1 � News Release Contact: A. Davin D�Ambrosio Vice President�& Treasurer P.O. Box 206, Whippany, NJ 07981-0206 Phone: 973-503-9252 |
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FOR IMMEDIATE RELEASE
Suburban Propane Partners, L.P.
Elects Michael A. Stivala, President and Chief Executive Officer,
to its Board of Supervisors
Whippany, New Jersey, November�13, 2014 � Suburban Propane Partners, L.P. (NYSE: SPH)(the �Partnership�), a nationwide distributor of propane, fuel oil and related products and services, as well as a marketer of natural gas and electricity, today announced that, at its regular meeting held on November�12, 2014, the Partnership�s Board of Supervisors unanimously elected Michael A. Stivala, its President and Chief Executive Officer, to the Board to fill the vacancy created when Michael J. Dunn, Jr., former Chief Executive Officer of the Partnership, retired on September�27, 2014.
Mr.�Stivala was elected for a term due to expire at the next Tri-Annual Meeting of Unitholders of the Partnership, currently scheduled for Spring 2015. At that meeting, all members of the Board of Supervisors will be subject to election by the Partnership�s Common Unitholders.
Suburban Propane Partners, L.P. is a publically traded Master Limited Partnership listed on the New York Stock Exchange. Headquartered in Whippany, New Jersey, Suburban has been in the customer service business since 1928. The Partnership serves the energy needs of approximately 1.2�million residential, commercial, industrial and agricultural customers through more than 710 locations in 41states.
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