Global Partners LP Files 8-K for Corporate Action Disclosures
Ticker: GLP-PB · Form: 8-K · Filed: Jan 24, 2024 · CIK: 1323468
| Field | Detail |
|---|---|
| Company | Global Partners LP (GLP-PB) |
| Form Type | 8-K |
| Filed Date | Jan 24, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.7000, $2.80 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: corporate-action, regulation-fd, securities-offering
TL;DR
**Global Partners LP just filed an 8-K indicating major corporate actions are underway or imminent.**
AI Summary
Global Partners LP filed an 8-K on January 24, 2024, primarily to satisfy filing obligations under various SEC rules, including Rule 425 under the Securities Act and Rules 14a-12, 14d-2(b), and 13e-4(c) under the Exchange Act. This filing indicates that the company is likely engaging in or preparing for corporate actions that require these specific disclosures, such as a merger, acquisition, or a significant offering of securities. For investors, this matters because it signals potential strategic moves that could impact the company's structure, financial health, or future growth prospects, warranting closer attention to subsequent announcements.
Why It Matters
This filing signals that Global Partners LP is undertaking or preparing for significant corporate actions, which could include mergers, acquisitions, or new security offerings, directly impacting shareholder value and future company direction.
Risk Assessment
Risk Level: medium — The filing itself is administrative, but the underlying corporate actions it signals could introduce either opportunities or risks, making the overall situation medium risk.
Analyst Insight
A smart investor would monitor Global Partners LP's subsequent SEC filings and press releases closely for details on the corporate actions hinted at by the checked boxes in this 8-K, as these could significantly impact the stock's valuation.
Key Numbers
- 001-32593 — Commission File Number (identifies the company's registration with the SEC)
- 74-3140887 — IRS Employer Identification No. (identifies the company for tax purposes)
Key Players & Entities
- GLOBAL PARTNERS LP (company) — the registrant filing the 8-K
- January 24, 2024 (date) — date of earliest event reported and filing date
- Delaware (company) — state of incorporation for Global Partners LP
- 001-32593 (dollar_amount) — Commission File Number
- 74-3140887 (dollar_amount) — IRS Employer Identification No.
Forward-Looking Statements
- Global Partners LP will announce details of a corporate transaction (e.g., merger, acquisition, or significant offering) within the next 30-60 days. (GLOBAL PARTNERS LP) — medium confidence, target: 2024-03-24
FAQ
What is the primary purpose of Global Partners LP's 8-K filing on January 24, 2024?
The primary purpose of Global Partners LP's 8-K filing on January 24, 2024, is to satisfy various filing obligations under the Securities Act of 1934, specifically checking boxes for written communications pursuant to Rule 425, soliciting material pursuant to Rule 14a-12, pre-commencement communications pursuant to Rule 14d-2(b), and pre-commencement communications pursuant to Rule 13e-4(c).
What specific SEC rules are referenced in this 8-K filing by Global Partners LP?
This 8-K filing by Global Partners LP references Rule 425 under the Securities Act (17 CFR 230.425), Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12), Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)), and Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)).
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing is January 24, 2024.
What is the state of incorporation for Global Partners LP as stated in the filing?
Global Partners LP's state of incorporation, as stated in the filing, is Delaware.
What type of securities are registered pursuant to Section 12(b) of the Act for Global Partners LP, according to this filing?
According to this filing, the type of securities registered pursuant to Section 12(b) of the Act for Global Partners LP are "Common Units representing limited partner interests" and "Nine 50 Series B Fixed Rate Cumulative Redeemable Perpetual Preferred Units Representing Limited Partner Interests" and "Preferred Stock".
Filing Stats: 618 words · 2 min read · ~2 pages · Grade level 12.4 · Accepted 2024-01-24 08:35:30
Key Financial Figures
- $0.7000 — clared a quarterly cash distribution of $0.7000 per unit ($2.80 per unit on an annualiz
- $2.80 — cash distribution of $0.7000 per unit ($2.80 per unit on an annualized basis) on all
Filing Documents
- a53886946.htm (8-K) — 31KB
- a53886946ex99_1.htm (EX-99.1) — 7KB
- 0001157523-24-000101.txt ( ) — 223KB
- glp-20240124.xsd (EX-101.SCH) — 4KB
- glp-20240124_def.xml (EX-101.DEF) — 18KB
- glp-20240124_lab.xml (EX-101.LAB) — 28KB
- glp-20240124_pre.xml (EX-101.PRE) — 20KB
- a53886946_htm.xml (XML) — 8KB
01
Item 7.01. Regulation FD Disclosure On January 24, 2024, Global Partners LP (the "Partnership") issued a press release announcing that the Board of Directors of its general partner, Global GP LLC, declared a quarterly cash distribution of $0.7000 per unit ($2.80 per unit on an annualized basis) on all of its outstanding common units for the period from October 1, 2023 through December 31, 2023. The distribution will be paid on February 14, 2024 to unitholders of record as of the close of business on February 8, 2024. A copy of the Partnership's press release is attached hereto as Exhibit 99.1 and incorporated herein by reference. In accordance with General Instruction B.2 of Form 8-K, the information set forth in this Item 7.01 and in Exhibit 99.1 shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, unless the Partnership specifically states that the information is to be considered "filed" under the Exchange Act or incorporates it by reference into a filing under the Exchange Act or the Securities Act of 1933, as amended.
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits 99.1 Global Partners LP Press Release dated January 24, 2024 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: January 24, 2024 By: /s/ Sean T. Geary Sean T. Geary Chief Legal Officer and Secretary