0001525287-15-000013.txt : 20151028 0001525287-15-000013.hdr.sgml : 20151028 20151028133304 ACCESSION NUMBER: 0001525287-15-000013 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20151027 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20151028 DATE AS OF CHANGE: 20151028 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Sprague Resources LP CENTRAL INDEX KEY: 0001525287 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-PETROLEUM BULK STATIONS & TERMINALS [5171] IRS NUMBER: 452637964 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36137 FILM NUMBER: 151179757 BUSINESS ADDRESS: STREET 1: 185 INTERNATIONAL DRIVE CITY: PORTSMOUTH STATE: NH ZIP: 03801 BUSINESS PHONE: (800) 225-1560 MAIL ADDRESS: STREET 1: 185 INTERNATIONAL DRIVE CITY: PORTSMOUTH STATE: NH ZIP: 03801 8-K 1 srlp-20151028x8k.htm 8-K 8-K
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
 
FORM 8-K
 
 
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 28, 2015
 
 
 
 
SPRAGUE RESOURCES LP
(Exact name of registrant as specified in its charter)
 
 
Delaware
 
001-36137
 
45-2637964
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)
185 International Drive
Portsmouth, NH 03801
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (800) 225-1560
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 



 


Item 7.01 Regulation FD Disclosure
On October 28, 2015, Sprague Resources LP, a Delaware limited partnership (the “Partnership”) issued a press release announcing that the Board of Directors of its general partner, Sprague Resources GP LLC, has declared a cash distribution of $.5025 per unit for the quarter ended September 30, 2015. The distribution will be paid on November 13, 2015 to unitholders of record as of the close of business November 10, 2015.
In addition, the Partnership announced it will release its third quarter 2015 results before the opening of trading on the NYSE on Thursday, November 5, 2015. The company will also host a conference call on November 5, 2015 at 1 p.m. Eastern time to discuss its third quarter financial results. A copy of the Partnership’s press release is attached hereto as Exhibit 99.1 and incorporated by reference.
This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0%) of the Partnership’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, the Partnership’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.
In accordance with General Instruction B.2 of Form 8-K, the above information and the press release furnished as Exhibit 99.1 to this Current Report on Form 8-K are being furnished under Items 7.01 of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall such information and exhibit be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.

(d)
Exhibits.
EXHIBIT    
DESCRIPTION
99.1
Sprague Resources LP Press Release dated October 28, 2015




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 hereunto duly authorized.

SPRAGUE RESOURCES LP

By: Sprague Resources GP LLC, its General Partner

By: /s/ Paul A. Scoff
Paul A. Scoff
Vice President, General Counsel, Chief Compliance
Officer and Secretary
                                
Dated: October 28, 2015






EXHIBIT INDEX
 
EXHIBIT    
  
DESCRIPTION
99.1
  
Sprague Resources LP Press Release dated October 28, 2015


EX-99.1 2 srlp-2015xq3xdistributione.htm EXHIBIT 99.1 Exhibit


News Release
Investor Contact: Taylor Hudson
+1 603.430.5397


Sprague Resources LP Announces Increased Cash Distribution for the Third Quarter of 2015 and Earnings Conference Call Date

Sprague's sixth consecutive quarterly distribution increase, from $0.4875 to $0.5025 per unit

Portsmouth, NH (October 28, 2015) – Sprague Resources LP (“Sprague”) (NYSE: SRLP) announced today that the Board of Directors of its general partner, Sprague Resources GP LLC, has declared a cash distribution of $0.5025 per unit ($2.01 per unit on an annualized basis) for the quarter ended September 30, 2015. The third quarter distribution represents a 3% increase over the distribution declared for the quarter ended June 30, 2015 and an increase of 14% over the quarterly distribution of $0.4425 per unit paid in November 2014.

The announced distribution will be paid November 13, 2015 to unitholders of record as of the close of business on November 10, 2015.

“I am pleased to announce Sprague's sixth consecutive quarterly distribution increase," said David Glendon, President and Chief Executive Officer. "We continue to execute on our strategy of growing cash flows across all business segments and transferring those gains to unitholders through increased distributions."

Third Quarter 2015 Earnings Release, Conference Call and Webcast
Sprague will release its third quarter 2015 results before the opening of trading on the NYSE on Thursday, November 5, 2015. The company will also host a conference call on November 5, 2015 at 1 p.m. Eastern time to discuss its third quarter financial results. Those interested in hearing the discussion can access the call by dialing (866) 516-2130, and using participation code 65666225. International callers may join by dialing (678) 509-7612. The conference call may also be accessed by a webcast available on the "Investor Relations" page of Sprague's website at www.spragueenergy.com and will be archived on the website for one year.

About Sprague Resources LP
Sprague Resources LP is engaged in the purchase, storage, distribution and sale of refined petroleum products and natural gas. The company also provides storage and handling services for a broad range of materials.    More information concerning Sprague can be found at www.spragueenergy.com.




*****
This press release may include forward-looking statements. These forward-looking statements involve risks and uncertainties. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements that are described more fully in Sprague’s prospectus and Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 16, 2015, and in Sprague's subsequent Form 8-K and Quarterly Report on Form10-Q for the quarter ended June 30, 2015. Sprague undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

*****
This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0%) of Sprague’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Sprague’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.

####

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