GLOBAL PARTNERS LP 8-K 2012
WASHINGTON, DC 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): April 19, 2012
GLOBAL PARTNERS LP
(Exact name of registrant as specified in its charter)
P.O. Box 9161
800 South Street
Waltham, Massachusetts 02454-9161
(Address of Principal Executive Offices)
(Registrants telephone number, including area code)
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 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On April 19, 2012, the members and the Board of Directors (the Board) of Global GP LLC (the General Partner), the general partner of Global Partners LP (the Partnership), approved expanding the size of the General Partners Board from seven to eight directors, and the members of the General Partner elected Andrew Slifka to fill the newly created director position. Mr. Slifka also is an Executive Vice President of the General Partner and the President of the Partnerships Alliance Gasoline Division. Mr. Slifka was appointed to these executive positions in connection with the Partnerships recent acquisition of all of the membership interests in Alliance Energy LLC, described in the Partnerships Current Reports on Form 8-K filed on November 23, 2011 and March 7, 2012, which are incorporated by reference herein. Mr. Slifka will receive no additional compensation for his services as a director, although he will be reimbursed for out-of-pocket expenses in connection with attending meetings of the General Partners Board. Mr. Slifka has not been appointed to any committee of the General Partners Board.
Mr. Slifka is the son of Richard Slifka, the Vice Chairman of the Board, the nephew of Alfred A. Slifka, the Chairman of the Board, and a first cousin of Eric Slifka, the President and CEO of the General Partner and a Board member. Mr. Andrew Slifka is the direct and beneficial owner of 94,931 of the Partnerships common units as of April 19, 2012. In addition, Mr. Slifka has indirect and noncontrolling beneficial ownership interests in the Partnerships common units as (1) a shareholder in AE Holdings Corp., the beneficial owner of 5,850,000 of the Partnerships common units as of April 19, 2012; and (2) a member in Larea Holdings II LLC, the beneficial owner of 282,492 of the Partnerships common units as of April 19, 2012. These two entities collectively own approximately 22.3% of the Partnerships common units as of April 19, 2012. Larea Holdings II LLC is a member of the General Partner.
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 thereunto duly authorized.