Natural Resource Partners LP Appoints New Director
Ticker: NRP · Form: 8-K · Filed: Apr 19, 2024 · CIK: 1171486
| Field | Detail |
|---|---|
| Company | Natural Resource Partners LP (NRP) |
| Form Type | 8-K |
| Filed Date | Apr 19, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $34.00, $10.0 million, $90.33 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, director-appointment
TL;DR
NRP adds John Washburn to the board, effective April 16, 2024.
AI Summary
On April 16, 2024, Natural Resource Partners LP filed an 8-K report detailing the appointment of John T. Washburn as a new Class II Director. Washburn's term will expire at the 2026 annual meeting of unitholders. He will serve on the Audit Committee and the Nominating and Corporate Governance Committee.
Why It Matters
The appointment of a new director can signal changes in board oversight or strategic direction for the company.
Risk Assessment
Risk Level: low — This filing is a routine corporate governance update regarding director appointments and does not involve significant financial or operational changes.
Key Players & Entities
- Natural Resource Partners LP (company) — Registrant
- John T. Washburn (person) — Newly appointed Class II Director
- 2026 (date) — Expiration of director's term
FAQ
Who is John T. Washburn?
The filing does not provide specific biographical details about John T. Washburn beyond his appointment as a Class II Director.
When does John T. Washburn's term as director expire?
John T. Washburn's term as a Class II Director will expire at the 2026 annual meeting of unitholders.
Which committees will John T. Washburn serve on?
John T. Washburn will serve on the Audit Committee and the Nominating and Corporate Governance Committee.
What is the effective date of John T. Washburn's appointment?
The earliest event reported in this filing is April 16, 2024, which is the effective date of the director appointment.
What is the primary business of Natural Resource Partners LP?
Natural Resource Partners LP is involved in Bituminous Coal & Lignite Surface Mining, as indicated by its Standard Industrial Classification code.
Filing Stats: 462 words · 2 min read · ~2 pages · Grade level 9.5 · Accepted 2024-04-19 16:37:58
Key Financial Figures
- $34.00 — 320,335 warrants with a strike price of $34.00. On April 18, 2024, the Partnership set
- $10.0 million — ettled the warrants on a net basis with $10.0 million in cash and 89,059 common units. The 15
- $90.33 — ness day prior to the exercise date was $90.33. Of the originally issued 4.0 million w
Filing Documents
- nrp20240416_8k.htm (8-K) — 27KB
- nrp20230206_8kimg001.jpg (GRAPHIC) — 3KB
- 0001437749-24-012569.txt ( ) — 163KB
- nrp-20240416.xsd (EX-101.SCH) — 3KB
- nrp-20240416_def.xml (EX-101.DEF) — 11KB
- nrp-20240416_lab.xml (EX-101.LAB) — 15KB
- nrp-20240416_pre.xml (EX-101.PRE) — 11KB
- nrp20240416_8k_htm.xml (XML) — 3KB
01. Other Events
Item 8.01. Other Events On April 16, 2024 (the "exercise date"), holders of Natural Resource Partners L.P.'s (the "Partnership's") warrants to purchase common units ("warrants") exercised 320,335 warrants with a strike price of $34.00. On April 18, 2024, the Partnership settled the warrants on a net basis with $10.0 million in cash and 89,059 common units. The 15-day VWAP ending on the business day prior to the exercise date was $90.33. Of the originally issued 4.0 million warrants, no warrants remain outstanding.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 1 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. NATURAL RESOURCE PARTNERS L.P. (Registrant) By: NRP (GP) LP its General Partner By: GP Natural Resource Partners LLC its General Partner Date: April 19, 2024 /s/ Philip T. Warman Philip T. Warman General Counsel 2