0001538849-17-000002.txt : 20170127 0001538849-17-000002.hdr.sgml : 20170127 20170127164944 ACCESSION NUMBER: 0001538849-17-000002 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20170126 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20170127 DATE AS OF CHANGE: 20170127 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CrossAmerica Partners LP CENTRAL INDEX KEY: 0001538849 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-PETROLEUM & PETROLEUM PRODUCTS (NO BULK STATIONS) [5172] IRS NUMBER: 454165414 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35711 FILM NUMBER: 17554389 BUSINESS ADDRESS: STREET 1: 515 HAMILTON ST. STREET 2: SUITE 200 CITY: ALLENTOWN STATE: PA ZIP: 18101 BUSINESS PHONE: 610-625-8000 MAIL ADDRESS: STREET 1: 515 HAMILTON ST. STREET 2: SUITE 200 CITY: ALLENTOWN STATE: PA ZIP: 18101 FORMER COMPANY: FORMER CONFORMED NAME: Lehigh Gas Partners LP DATE OF NAME CHANGE: 20120105 8-K 1 capl20171qform8-kdistribut.htm 8-K Document




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): January 26, 2017

CrossAmerica Partners LP
(Exact name of registrant as specified in its charter)

Delaware
 
001-35711
 
45-4165414
(State or other jurisdiction
of incorporation)
 
(Commission File Number)
 
(IRS Employer
Identification No.)

515 Hamilton Street, Suite 200
Allentown, PA
 
18101
(Address of principal executive offices)
 
(Zip Code)

Registrant’s telephone number, including area code: (610) 625-8000


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:

o
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
 
o
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 
 
o
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 
 
o
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))






Item 7.01     Regulation FD Disclosure
On January 26, 2017, CrossAmerica Partners LP (the “Partnership”) issued a press release announcing that the Board of Directors of its general partner had approved a quarterly distribution of $0.6125 per unit attributable to the fourth quarter of 2016 (annualized $2.45 per unit), representing a 0.8% increase in the Partnership’s cash distribution per unit from $0.6075 per quarter ($2.43 per unit annualized) paid with respect to the third quarter of 2016. The distribution attributable to the fourth quarter is payable on February 13, 2017 to all unitholders of record on February 6, 2017.
The information in this Current Report is being furnished pursuant to Regulation FD. The information in Item 7.01 and Exhibit 99.1 of Item 9.01 of this report, according to general instruction B.2., shall not be deemed “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. The information in this Current Report shall not be incorporated by reference into any registration statement pursuant to the Securities Act of 1933, as amended. By filing this report on Form 8-K and furnishing this information, the Partnership makes no admission as to the materiality of any information in this report that the Partnership chooses to disclose solely because of Regulation FD.
Item 9.01    FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits. The information set forth in the attached Exhibit 99.1 is being “furnished” to the Securities and Exchange Commission and shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act.
Exhibit No.
  
Description
99.1
  
Press Release dated January 26, 2017, regarding the declaration of a distribution






SIGNATURE

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.

 
CrossAmerica Partners LP
 
By:
CrossAmerica GP LLC
 
 
its general partner
 
 
 
 
 
By:
/s/ Hamlet T. Newsom, Jr.
 
 
Name:
Hamlet T. Newsom, Jr.
 
 
Title:
Vice President, General Counsel and Corporate Secretary
 
 
 
 
Dated: January 27, 2017





EXHIBIT INDEX

Exhibit No.
 
Exhibit Description
99.1
 
Press Release dated January 26, 2017, regarding the declaration of a distribution


EX-99.1 2 exhibit991-capl20171qdistr.htm EXHIBIT 99.1 Exhibit
NEWS RELEASE

crossamericadeclared117.gif

CrossAmerica Partners LP Declares 11th Consecutive
Quarterly Distribution Increase
Quarterly distribution of $0.6125 per unit attributable to the fourth quarter of 2016
Distribution is 3.4% increase in distributions per unit over fourth quarter of 2015
Grew distributions per limited partner unit by over 6% in 2016 when compared to 2015
ALLENTOWN, PA (January 26, 2017) – CrossAmerica Partners LP (NYSE: CAPL) announced today that the Board of Directors of its general partner has approved a quarterly distribution of $0.6125 per unit attributable to the fourth quarter of 2016 (annualized $2.45 per unit), representing a 0.8% increase in the Partnership's cash distribution per unit from $0.6075 per quarter ($2.43 per unit annualized) paid with respect to the third quarter of 2016 and a 3.4% increase compared with the distribution per unit attributable to the fourth quarter of 2015. The Partnership grew distributions per limited partner unit 6.1% in 2016 over 2015. The distribution attributable to the fourth quarter is payable on February 13, 2017 to all unitholders of record on February 6, 2017.
CrossAmerica will host a conference call on February 28 at 9:00 a.m. Eastern Time (8:00 a.m. Central Time) to discuss fourth quarter and full year 2016 earnings results, which will be released after the market closes on Monday, February 27.
About CrossAmerica Partners LP
CrossAmerica Partners is a leading wholesale distributor of motor fuels and owner and lessor of real estate used in the retail distribution of motor fuels. Its general partner, CrossAmerica GP LLC, is a wholly owned subsidiary of CST Brands, Inc., one of the largest independent retailers of motor fuels and convenience merchandise in North America.  Formed in 2012, CrossAmerica Partners LP is a distributor of branded and unbranded petroleum for motor vehicles in the United States and distributes fuel to approximately 1,200 locations and owns or leases approximately 900 sites. With a geographic footprint covering 29 states, the Partnership has well-established relationships with several major oil brands, including ExxonMobil, BP, Shell, Chevron, Sunoco, Valero, Gulf, Citgo, Marathon and Phillips 66. CrossAmerica Partners ranks as one of ExxonMobil's largest distributors by fuel volume in the United States and in the top 10 for additional brands. For additional information, please visit www.crossamericapartners.com.




Safe Harbor Statement
Statements contained in this release that state the Company's or management's expectations or predictions of the future are forward-looking statements. The words "believe," "expect," "should," "intends," "estimates," "target," "plan" and other similar expressions identify forward-looking statements. It is important to note that actual results could differ materially from those projected in such forward-looking statements. For more information concerning factors that could cause actual results to differ from those expressed or forecasted, see CrossAmerica's Forms 10-Q or Form 10-K filed with the Securities and Exchange Commission and available on CrossAmerica's website at www.crossamericapartners.com. The Partnership undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
Note to Non-United States Investors: 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%) of CrossAmerica Partners LP’s distributions to non-U.S. investors as attributable to income that is effectively connected with a United States trade or business. Accordingly, CrossAmerica Partners LP’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.

Contacts - Karen Yeakel, Investor Relations 610-625-8005 or Randy Palmer, Investor Relations, 210-692-2160

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