Global Partners Amends 8-K for December 21st Acquisition Financials
Ticker: GLP-PB · Form: 8-K/A · Filed: Feb 29, 2024 · CIK: 1323468
| Field | Detail |
|---|---|
| Company | Global Partners LP (GLP-PB) |
| Form Type | 8-K/A |
| Filed Date | Feb 29, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: amendment, acquisition, financial-statements, pro-forma
TL;DR
**Global Partners just dropped an 8-K/A with the missing financials for their December 21st acquisition, finally showing the assets and liabilities.**
AI Summary
GLOBAL PARTNERS LP filed an 8-K/A Amendment No. 1 on February 29, 2024, to include audited financial statements and unaudited pro forma financial information related to an acquisition that occurred on December 21, 2023. These financial details, specifically the Statement of Assets Acquired and Liabilities Assumed, were omitted from the original Form 8-K.
Why It Matters
This amendment provides crucial financial transparency regarding a recent acquisition, allowing investors to better assess the company's post-acquisition financial health and pro forma performance.
Risk Assessment
Risk Level: low — The filing is an amendment to provide previously omitted financial information, which increases transparency and reduces uncertainty.
Key Players & Entities
- GLOBAL PARTNERS LP (company) — Filer
- December 21, 2023 (date) — Acquisition date
- February 29, 2024 (date) — Filing date of amendment
- Amendment No. 1 (other) — Type of filing
- 0001104659-24-028862 (other) — Accession Number
FAQ
What is the purpose of this 8-K/A filing by GLOBAL PARTNERS LP?
This 8-K/A (Amendment No. 1) is being filed to include the audited Statement of Assets Acquired and Liabilities Assumed as of December 21, 2023, and unaudited pro forma financial information of the Partnership, which were excluded from the Original Form 8-K.
What specific financial information was added in this amendment?
The amendment added (i) the audited Statement of Assets Acquired and Liabilities Assumed as of December 21, 2023, and (ii) unaudited pro forma financial information of the Partnership giving effect to the acquisition.
When did the acquisition mentioned in the filing take place?
The acquisition referenced in the filing occurred on December 21, 2023.
What was the original filing that this 8-K/A amends?
This 8-K/A amends the 'Original Form 8-K' from which the financial statements and pro forma information were initially excluded.
What is GLOBAL PARTNERS LP's primary business according to the filing?
GLOBAL PARTNERS LP's Standard Industrial Classification is 'WHOLESALE-PETROLEUM BULK STATIONS & TERMINALS [5171]'.
Filing Stats: 774 words · 3 min read · ~3 pages · Grade level 15.2 · Accepted 2024-02-28 19:02:03
Filing Documents
- tm247039d1_8k.htm (8-K/A) — 36KB
- tm247039d1_ex23-1.htm (EX-23.1) — 3KB
- tm247039d1_ex99-1.htm (EX-99.1) — 40KB
- 0001104659-24-028862.txt ( ) — 314KB
- glp-20231221.xsd (EX-101.SCH) — 3KB
- glp-20231221_def.xml (EX-101.DEF) — 27KB
- glp-20231221_lab.xml (EX-101.LAB) — 36KB
- glp-20231221_pre.xml (EX-101.PRE) — 25KB
- tm247039d1_8k_htm.xml (XML) — 7KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (a) Financial Statement of Assets Acquired and Liabilities Assumed Pursuant to the authority granted under Rule 3-13 of Regulation S-X, the Securities and Exchange Commission (the "SEC") is permitting the Partnership to substitute an audited Statement of Assets Acquired and Liabilities Assumed as of the closing date in lieu of the financial statements required by Rule 3-05 of Regulation S-X related to the acquisition of the Terminal Facilities. The audited Statement of Assets Acquired and Liabilities Assumed related to the Terminal Facilities as of December 21, 2023 is included as Exhibit 99.1 hereto and incorporated herein by reference. (b) Pro Forma Financial Information In accordance with Rule 11-02(c)(1) of Regulation S-X, a pro forma balance sheet has not been prepared to give effect to the assets acquired and liabilities assumed related to the Terminal Facilities which are included in the consolidated balance sheet of the Partnership included in the Partnership's Annual Report on Form 10-K for the year ended December 31, 2023, which was previously filed with the SEC on February 28, 2024. (d) Exhibit 23.1 Consent of Ernst & Young, LLP 99.1 Audited Auditors thereon 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
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 thereunto duly authorized. GLOBAL PARTNERS LP By: Global GP LLC its general partner Dated: February 28, 2024 By: /s/ Sean T. Geary Sean T. Geary Chief Legal Officer and Secretary