WHIPPANY, N.J., May 14, 2015 /PRNewswire/ -- Suburban Propane
Partners, L.P. (NYSE: SPH), a nationwide distributor of propane,
fuel oil and related products and services, as well as a marketer
of natural gas and electricity, today announced the results from
its 2015 Tri-Annual Meeting of Unitholders held on May 13, 2015.
At the meeting, the Unitholders re-elected to the Board of
Supervisors, for a three-year term, all seven nominees proposed by
the Board:
Nominee
Harold R. Logan, Jr.
John Hoyt Stookey
John D. Collins
Jane Swift
Lawrence C. Caldwell
Matthew J. Chanin
Michael A. Stivala
At the meeting, the Unitholders also approved: (1) the
ratification of the appointment of PricewaterhouseCoopers LLP as
the Partnership's independent registered public accounting firm for
the Partnership's 2015 fiscal year; (2) an amendment to the
Partnership's 2009 Restricted Unit Plan increasing by an additional
1,200,000 common units the number of common units of the
Partnership authorized for awards under that Plan; and (3) an
advisory amendment resolution approving executive compensation
(commonly referred to as "Say-on-Pay").
Because the Partnership's agreement of limited partners provides
for Tri-Annual Meetings of the Unitholders (once every three
years), no proposal regarding the frequency of Say-on-Pay
resolutions was presented to the Unitholders at the meeting.
The Partnership will, for so long as required by applicable law,
include a Say-on-Pay proposal at each Tri-Annual Meeting.
A detailed report of Unitholder voting results at the
Partnership's 2015 Tri-Annual Meeting of Unitholders can be found
on Suburban Propane's website at
http://suburbanpropane.com/triannual or in the Current Report on
Form 8-K that the Partnership is filing with the Securities and
Exchange Commission.
Suburban Propane Partners, L.P. is a publicly-traded master
limited partnership listed on the New York Stock Exchange.
Headquartered in Whippany, New
Jersey, Suburban has been in the customer service business
since 1928. The Partnership serves the energy needs of
approximately 1.2 million residential, commercial, industrial and
agricultural customers through more than 710 locations in 41
states.
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SOURCE Suburban Propane Partners, L.P.