Star Group, L.P. Reports Director Changes and Compensation
Ticker: SGU · Form: 8-K · Filed: Jan 17, 2025 · CIK: 1002590
| Field | Detail |
|---|---|
| Company | Star Group, L.P. (SGU) |
| Form Type | 8-K |
| Filed Date | Jan 17, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: director-change, governance, compensation
TL;DR
Star Group board shakeup: Preiser out, Devine in, exec pay details disclosed.
AI Summary
Star Group, L.P. filed an 8-K on January 17, 2025, reporting on the departure of director David M. Preiser and the appointment of new director Michael J. Devine, effective January 15, 2025. The filing also disclosed compensatory arrangements for certain officers.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, which are important for investors to monitor.
Risk Assessment
Risk Level: low — This filing primarily concerns routine corporate governance matters like director changes and compensation disclosures, which typically carry low immediate risk.
Key Players & Entities
- Star Group, L.P. (company) — Registrant
- David M. Preiser (person) — Departing Director
- Michael J. Devine (person) — Appointed Director
- January 15, 2025 (date) — Effective date of director changes
- January 17, 2025 (date) — Filing date of the 8-K
FAQ
Who has departed from the Star Group, L.P. board of directors?
David M. Preiser has departed from the board of directors of Star Group, L.P.
Who has been appointed as a new director to the Star Group, L.P. board?
Michael J. Devine has been appointed as a new director to the board of Star Group, L.P.
What is the effective date of the director changes at Star Group, L.P.?
The director changes at Star Group, L.P. are effective as of January 15, 2025.
What other information is disclosed in this 8-K filing besides director changes?
The filing also discloses compensatory arrangements of certain officers.
What is the filing date of this 8-K report for Star Group, L.P.?
The 8-K report for Star Group, L.P. was filed on January 17, 2025.
Filing Stats: 550 words · 2 min read · ~2 pages · Grade level 10.2 · Accepted 2025-01-17 16:30:12
Filing Documents
- sgu-20250115.htm (8-K) — 49KB
- 0000950170-25-006744.txt ( ) — 200KB
- sgu-20250115.xsd (EX-101.SCH) — 49KB
- sgu-20250115_htm.xml (XML) — 6KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Henry D. Babcock, age 84, a member of the Board of Directors (the "Board") of Kestrel Heat, LLC, the general partner of Star Group, L.P. (the "Company"), notified the Company of his decision to retire as a director and member of the Audit Committee of the Board effective January 15, 2025. Mr. Babcock has served as a director and a member of the Audit Committee since April 28, 2006. His decision to resign from the Board was not related to any disagreement with the Company on any matter relating to its operations, policies or practices. The Company and the Board wish to sincerely thank Mr. Babcock for his exceptional years of service and significant contributions to the Company. Effective upon Mr. Babcock's retirement, Kestrel Energy Partners, LLC, the sole member of Kestrel Heat, LLC, reduced the size of the Board from eight (8) to seven (7) members.
Financial Statements and Exhibits
Financial Statements and Exhibits. Exhibit 104 Cover Page Interactive Data File (embedded within the inline XBRL document). 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. STAR GROUP, L.P. By: Kestrel Heat, LLC (General Partner) By: /s/ Richard F. Ambury Name: Richard F. Ambury Title: Chief Financial Officer Date: January 17, 2025