Form 8-K Rhino Resource Partners For: Apr 20
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E-mailUNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) April 20, 2015
Rhino Resource Partners LP
(Exact name of registrant as specified in its charter)
| Delaware | 001-34892 | 27-2377517 |
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
| 424 Lewis Hargett Circle, Suite 250 Lexington, Kentucky 40503 |
|
| (Address of principal executive offices) (Zip Code) |
(859) 389-6500
Registrant's telephone number, including area code:
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:
| [ ] | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| [ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| [ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| [ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 7.01. Regulation FD Disclosure.
On April 20, 2015, Rhino Resource Partners LP ("Rhino" or the
"Partnership") issued a press release announcing a cash
distribution of $0.02 per common unit for the quarter ended March
31, 2015, or $0.08 per unit on an annualized basis. This
distribution will be paid on May 15, 2015 to all common unitholders
of record as of the close of business on April 30, 2015. The information in this Form 8-K, including the exhibit,
shall not be deemed "filed" for purposes of Section 18 of the
Securities Exchange Act of 1934 (the "Exchange Act") or otherwise
subject to the liabilities of that section, unless Rhino
specifically states in a future filing that the information is to
be considered "filed" under the Exchange Act or incorporates it by
reference into a filing under the Securities Act of 1933 or the
Exchange Act.
Item 9.01. Financial Statements and Exhibits.
Exhibit 99.1. Press release dated April 20, 2015
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.
| Rhino Resource Partners LP |
||
| April 20, 2015 | By: |
Rhino GP LLC, Its General Partner |
By: |
/s/ WHITNEY C. KEGLEY | |
| Name: | Whitney C. Kegley | |
| Title: | Vice President, Secretary and General Counsel | |
| Exhibit Index | ||
| 99.1 | Press release dated April 20, 2015 | |
EXHIBIT 99.1
Rhino Resource Partners LP Announces First Quarter Distribution and Earnings Release Date
Rhino Resource Partners LP (NYSE: RNO) ("Rhino" or the "Partnership") today announced a cash distribution of $0.02 per common unit, or $0.08 per unit on an annualized basis. This distribution will be paid on May 15, 2015 to all common unitholders of record as of the close of business on April 30, 2015 and no distribution will be paid on the subordinated units.
Joe Funk, President and Chief Executive Officer of Rhino's general partner, stated, "The distribution reduction is a decision made by the Board of Directors to conserve the liquidity and cash flow of the Partnership. The prolonged weakness in the coal markets has continued to adversely affect our cash flow and we are taking the necessary steps to maintain the long term value of the Partnership."
Rhino today also announced that it plans to release its 2015 first quarter financial results on Thursday, April 30, 2015, before the market opens. In connection with the earnings release, Rhino will host a conference call and webcast for investors and analysts to discuss its results for the quarter on Thursday, April 30, 2015, at 11:00 am (ET).
Participants should call 877-703-6105 (United States/Canada) or 857-244-7304 (International) and utilize the confirmation code 57204696. A telephonic replay will be available for anyone unable to participate in the live call. To access the replay, call 888-286-8010 (United States/Canada) or 617-801-6888 (International) and enter confirmation code 22871497. The recording will be available from 3:00 pm (ET) on Thursday, April 30, 2015 through Thursday, May 7, 2015 at 11:59 p.m. (ET). A live broadcast of the earnings conference call will also be available via the Internet at www.rhinolp.com under 'Investor Relations'. The webcast will be archived on the site for one year.
This press release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0%) of Rhino's distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Rhino's distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.
About Rhino Resource Partners LP
Rhino Resource Partners LP is a diversified energy limited partnership that is focused on coal and energy related assets and activities, including energy infrastructure investments. Rhino produces metallurgical and steam coal in a variety of basins throughout the United States and it leases coal through its Elk Horn subsidiary.
About Wexford Capital LP
Rhino's general partner, Rhino GP LLC, is an affiliate of Wexford Capital LP ("Wexford"). Wexford is an SEC registered investment advisor with approximately $3.5 billion of assets under management. Wexford has particular expertise in the energy/natural resources sector with actively managed investments in coal, oil and gas exploration and production, energy services and related sectors. Through Wexford's extensive portfolio of energy, resource and related investments, it sees a broad flow of potential new investment opportunities, many of which could be suitable for Rhino. Although Wexford has no obligation to provide such investment opportunities to Rhino, it has made available several of these investments to Rhino and expects to be in a position to continue to selectively source and underwrite for Rhino new coal, energy and related investment opportunities.
Additional information regarding Rhino and Wexford is available on their respective web sites - RhinoLP.com and Wexford.com.
# # #
CONTACT: Scott Morris
+1 859.519.3622
[email protected]
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