Martin Midstream Partners L.P. Files Proxy Materials

TL;DR

MLP filed proxy docs, shareholders vote soon.

AI Summary

Martin Midstream Partners L.P. filed a Definitive Additional Materials proxy statement on December 16, 2024. This filing is related to the company's proxy materials and is not a preliminary statement. The company is incorporated in Delaware and its fiscal year ends on December 31.

Why It Matters

This filing indicates that Martin Midstream Partners L.P. is providing additional information to shareholders regarding proxy matters, which is crucial for their voting decisions.

Risk Assessment

Risk Level: low — This is a routine proxy filing and does not contain information that inherently increases risk.

Key Players & Entities

• MARTIN MIDSTREAM PARTNERS L.P. (company) — Registrant
• 4200 STONE ROAD (address) — Business Address
• KILGORE (city) — Business Address City
• TX (state) — Business Address State
• 75662 (zip_code) — Business Address Zip
• PO BOX 191 (address) — Mail Address
• KILGORE (city) — Mail Address City
• TX (state) — Mail Address State
• 75663 (zip_code) — Mail Address Zip

FAQ

Key Financial Figures

• $1 m — sing to trailing 30-trading day volume- $1 more Management price prior to MRMCs weig

Filing Documents

• d858063ddefa14a.htm (DEFA14A) — 19KB
• g858063dsp003.jpg (GRAPHIC) — 389KB
• g858063dsp004.jpg (GRAPHIC) — 347KB
• 0001193125-24-279582.txt ( ) — 1034KB

From the Filing

DEFA14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under 240.14a-12 Martin Midstream Partners L.P. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply): No fee required Fee paid previously with preliminary materials Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 The following communication was made by or on behalf of Martin Midstream Partners L.P. on December 16, 2024. MAXIMIZE THE VALUE OF YOUR MMLP INVESTMENT VOTE TODAY FOR THE MRMC TRANSACTION Use the WHITE proxy card or WHITE voting instruction form to vote FOR the transaction The transaction with 34. % % Nearly 00 premium 11.33 premium Martin Resource to market closing to trailing 30-trading day volume- $1 more Management price prior to MRMCs weighted average price as of per unit than Corporation (MRMC) initial proposal on October 3, 2024, the date the MRMCs initial delivers superior and May 24, 2024 merger agreement was executed proposal certain cash value, and immediate liquidity: We believe this is the highest price MRMC is willing to pay The MRMC transaction · Expect no appreciable growth for foreseeable future; projecting a ~0% EBITDA CAGR will deliver far greater from 2025-2028 value than MMLP could · Debt paydown will be primary priority for next several years deliver as a standalone · Do not expect any material increase to MMLP distribution over next several years public company: · The MLP structure is of diminishing appeal to investors There is no path for · Given MMLPs operating structure, the purchase of MMLP by another party would likely MMLP to complete a necessitate the purchase of MMLPs General Partner, which is owned by MRMC transaction with · MRMC has made clear the General Partner is not for sale another party: · Therefore, if unitholders do not approve the MRMC transaction, MMLP expects to remain a thinly traded MLP with no near-term likelihood of EBITDA growth, materially increased distributions, or unit price appreciation The MRMC transaction · The Conflicts Committee of the GP Board, which consists of three independent directors, results from an conducted a robust review of the MRMC transaction. With support from independent legal and financial advisors, the Conflicts Committee worked hard to negotiate in the best extensive review interests of MMLP and all unitholders, including MMLPs unaffiliated unitholders. process led by the The thorough review took place over seven Conflicts Committee: · nine months and involved rounds of price negotiations with MRMC. During this review, the Conflicts Committees financial advisor, on behalf of the Conflicts Committee, met and communicated with Nut Tree and Caspian regarding their proposals, and the Conflicts Committee took those proposals into account. · The Conflicts Committee successfully negotiated a transaction for nearly a dollar more per unit than MRMCs initial proposal. · The Conflicts Committee and GP Board unanimously and in good faith determined that the MRMC transaction is fair and reasonable to, and in the best interests of, MMLP and unaffiliated holders of MMLP common units. THE TRANSACTION WITH MRMC IS IN THE BEST INTERESTS OF MMLP & ALL UNITHOLDERS Vote TODAY FOR the transaction. Visit MaximizeValueforMMLP.com for more information. YOUR VOTE IS VERY IMPORTANT! NOT voting will have the same effect as a vote against the transaction! VOTING IS EASY Please use the WHITE proxy card or WHITE voting instruction form to vote your units FOR the MRMC transaction today. VOTE ONLINE If you are a unitholder of record, you may submit your proxy electronically via the Internet by accessing the Internet address provided on each proxy card and following the instructions provided. If your common units are held by a broker, bank or other nominee, also known as holding units in street name, you should receive instructions from the broker, bank or other nominee. Please review such instructions to determine your voting deadline and whether you will be able to vote via the Internet. VOTE BY PHONE If you are a unitholder of record, you may submit your proxy by using the toll-free telephone number listed on the enclosed proxy card and following the instructions provided. If your common units are held by a broker, bank or other nominee, you should receive instructions from the broker, bank or other

View Full Filing

View this DEFA14A filing on SEC EDGAR