CrossAmerica Partners LP Confirms Non-Emerging Growth Status

TL;DR

**CAPL is a mature company, not an 'emerging growth company,' meaning more SEC disclosures.**

AI Summary

CrossAmerica Partners LP filed an 8-K on January 22, 2024, primarily to disclose that it is not an "emerging growth company" as defined by the SEC. This filing, under Regulation FD Disclosure and Financial Statements and Exhibits, confirms the company's status and provides updated contact information. For investors, this means CrossAmerica Partners LP is subject to the full range of public company reporting requirements, which can be seen as a sign of maturity and transparency, potentially increasing investor confidence due to more comprehensive disclosures.

Why It Matters

This filing clarifies CrossAmerica Partners LP's regulatory status, indicating it is a mature company subject to full SEC reporting, which can provide investors with more transparency and data.

Risk Assessment

Risk Level: low — This filing is purely administrative and informational, indicating no immediate financial or operational risks.

Analyst Insight

Investors should note that CrossAmerica Partners LP's non-emerging growth status means it adheres to more stringent reporting requirements, potentially offering greater transparency compared to smaller, newer companies. This could be a positive factor for long-term investors seeking established companies with robust public disclosures.

Key Numbers

• 2024-01-22 — Date of Report (The earliest event reported in this 8-K filing.)
• 001-35711 — Commission File Number (Unique identifier for CrossAmerica Partners LP's filings with the SEC.)
• 45-4165414 — IRS Employer Identification No. (Tax identification number for CrossAmerica Partners LP.)

Key Players & Entities

• CrossAmerica Partners LP (company) — the registrant filing the 8-K
• Delaware (company) — state of incorporation for CrossAmerica Partners LP
• New York Stock Exchange (company) — exchange where CAPL Common Units are registered
• 645 Hamilton Street, Suite 400, Allentown, PA 18101 (company) — principal executive offices address
• 001-35711 (dollar_amount) — Commission File Number
• 45-4165414 (dollar_amount) — IRS Employer Identification No.
• 610-625-8000 (dollar_amount) — registrant's telephone number

FAQ

Key Financial Figures

• $0.5250 — p, approved a quarterly distribution of $0.5250 per unit attributable to the fourth qua
• $2.10 — the fourth quarter of 2023 (annualized $2.10 per unit), consistent with the third qu

Filing Documents

• capl-20240122.htm (8-K) — 39KB
• capl-ex99_1.htm (EX-99.1) — 10KB
• img129285707_0.jpg (GRAPHIC) — 5KB
• 0000950170-24-006160.txt ( ) — 177KB
• capl-20240122.xsd (EX-101.SCH) — 30KB
• capl-20240122_htm.xml (XML) — 5KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure On January 22, 2024, CrossAmerica Partners LP (the Partnership) issued a press release announcing that the Board of Directors of CrossAmerica GP LLC, the general partner of the Partnership, approved a quarterly distribution of $0.5250 per unit attributable to the fourth quarter of 2023 (annualized $2.10 per unit), consistent with the third quarter of 2023. The distribution attributable to the fourth quarter is payable on February 9, 2024 to all unitholders of record on February 2, 2024. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information in this Current Report on Form 8-K is being furnished pursuant to Regulation FD. The information in Item 7.01 and Exhibit 99.1 of Item 9.01 of this report, according to general instruction B.2. of Form 8-K, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in this Current Report on Form 8-K shall not be incorporated by reference into any registration statement pursuant to the Securities Act of 1933, as amended. By filing this Current Report on Form 8-K and furnishing this information, the Partnership makes no admission as to the materiality of any information in this report that the Partnership chooses to disclose solely because of Regulation FD.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 99.1 Press Release dated January 22, 2024, regarding the declaration of a distribution 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE 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. CrossAmerica Partners LP By: CrossAmerica GP LLC its general partner By: /s/ Keenan D. Lynch Name: Keenan D. Lynch Title: General Counsel and Chief Administrative Officer Dated: January 22, 2024

View Full Filing

View this 8-K filing on SEC EDGAR