CrossAmerica Partners LP Files 8-K on Director and Officer Changes

TL;DR

CAPL filed an 8-K today covering board changes and executive comp. Keep an eye on governance.

AI Summary

On July 23, 2024, CrossAmerica Partners LP filed an 8-K report detailing changes in its board of directors and executive compensation. The filing includes information regarding the election of new directors and the appointment of certain officers, along with details on their compensatory arrangements. This report also covers Regulation FD disclosures and financial statements.

Why It Matters

Changes in a company's board of directors and executive compensation can signal shifts in strategy or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of board and executive changes, with no immediate negative financial implications indicated.

Key Players & Entities

• CrossAmerica Partners LP (company) — Registrant
• July 23, 2024 (date) — Date of Report
• Allentown, PA (location) — Principal Executive Offices

FAQ

Key Financial Figures

• $66,875 — arket Value (as defined in the Plan) of $66,875 on the Grant Date. The Agreements also
• $0.5250 — p, approved a quarterly distribution of $0.5250 per unit attributable to the second qua
• $2.10 — the second quarter of 2024 (annualized $2.10 per unit), consistent with the first qu

Filing Documents

• capl-20240723.htm (8-K) — 42KB
• capl-ex99_1.htm (EX-99.1) — 10KB
• img129285707_0.jpg (GRAPHIC) — 5KB
• 0000950170-24-085759.txt ( ) — 181KB
• capl-20240723.xsd (EX-101.SCH) — 30KB
• capl-20240723_htm.xml (XML) — 5KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure On July 23, 2024, the Partnership issued a press release announcing that the Board of the General Partner of the Partnership, approved a quarterly distribution of $0.5250 per unit attributable to the second quarter of 2024 (annualized $2.10 per unit), consistent with the first quarter of 2024. The distribution attributable to the second quarter is payable on August 9, 2024 to all unitholders of record on August 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 July 23, 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: July 23, 2024

View Full Filing

View this 8-K filing on SEC EDGAR