UNITED 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)
May 21, 2024
Commission File Number: 1-14222
SUBURBAN PROPANE PARTNERS, L.P.
(Exact name of registrant as specified in its charter)
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Delaware | | 22-3410353 |
(State or Other Jurisdiction | | (IRS Employer |
of Incorporation) | | Identification No.) |
240 Route 10 West
Whippany, New Jersey 07981
(Address of principal executive offices, including zip code)
(973) 887-5300
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
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) |
☐ | 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)) |
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class | Trading Symbol | Name of exchange on which registered |
Common Units | SPH | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
ITEM 5.07. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
On May 21, 2024, Suburban Propane Partners, L.P. (the “Partnership”) held its regular Tri-Annual Meeting (the “Meeting”) of its limited partners (“Unitholders”).
At the Meeting, the Unitholders re-elected to the Board of Supervisors, for a three-year term, all eight nominees proposed by the Board:
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Nominee | For | Withheld |
Amy M. Adams | 29,781,264 | 735,988 |
Matthew J. Chanin | 29,527,774 | 989,478 |
Terence J. Connors | 29,728,369 | 788,883 |
William M. Landuyt | 29,803,998 | 713,254 |
Harold R. Logan, Jr. | 29,483,910 | 1,033,342 |
Rommel M. Oates | 29,816,080 | 701,172 |
Michael A. Stivala | 29,655,098 | 862,154 |
Jane Swift | 29,499,215 | 1,018,037 |
At the Meeting, the Unitholders also approved the following proposals:
The ratification of the appointment of PricewaterhouseCoopers LLP as the Partnership’s independent registered public accounting firm for the Partnership’s 2024 fiscal year:
| | | |
For | Against | Abstain | Broker Non-Votes |
49,264,839 | 799,903 | 353,489 | -0- |
The approval of the Partnership’s Amended and Restated 2018 Restricted Unit Plan:
| | | |
For | Against | Abstain | Broker Non-Votes |
27,773,159 | 2,264,711 | 479,382 | 19,900,979 |
The approval of an advisory resolution approving executive compensation (commonly referred to as “Say-on-Pay”):
| | | |
For | Against | Abstain | Broker Non-Votes |
28,169,102 | 1,699,005 | 649,145 | 19,900,979 |
Because the Partnership’s partnership agreement provides for Tri-Annual Meetings of the Unitholders (once every three years), no proposal regarding the frequency of Say-on-Pay resolutions was presented to the Unitholders at the Meeting. The Partnership will, for so long as required by applicable law, include a Say-on-Pay proposal at each Tri-Annual Meeting.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits.
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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May 22, 2024 | | SUBURBAN PROPANE PARTNERS, L.P. |
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| By: |
| /s/ BRYON KOEPKE |
|
| Name: |
| Bryon Koepke |
|
| Title: |
| Vice President, General Counsel & Secretary |