DOCSLIB.ORG

View Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
View Annual Report Use these links to rapidly review the document TABLE OF CONTENTS INDEX TO FINANCIAL STATEMENTS Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2012 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-32593 Global Partners LP (Exact name of registrant as specified in its charter) Delaware 74-3140887 (State or other jurisdiction of (I.R.S. Employer Identification incorporation or organization) No.) P.O. Box 9161 800 South Street Waltham, Massachusetts 02454-9161 (Address of principal executive offices, including zip code) (781) 894-8800 (Registrant's telephone number, including area code) Securities registered pursuant to section 12(b) of the Act: Title of each class Name of each exchange on which registered Common Units representing limited partner interests New York Stock Exchange Securities registered pursuant to section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes o No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes o No Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No o Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files. Yes No o Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.: Large accelerated filer o Accelerated filer Non-accelerated filer o Smaller reporting company o Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes o No The aggregate market value of common units held by non-affiliates of the registrant (treating directors and executive officers of the registrant's general partner and holders of 10% or more of the common units outstanding, for this purpose, as if they were affiliates of the registrant) as of June 29, 2012 was approximately $278,563,782 based on a price per common unit of $22.76, the price at which the common units were last sold as reported on the New York Stock Exchange on such date. As of March 12, 2013, 27,430,563 common units were outstanding. Table of Contents TABLE OF CONTENTS PART I Items 1. and 2. Business and Properties 4 Item 1A. Risk Factors 18 Item 1B. Unresolved Staff Comments 41 Item 3. Legal Proceedings 42 Item 4. Mine Safety Disclosures 43 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 44 Item 6. Selected Financial Data 45 Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 48 Item 7A. Quantitative and Qualitative Disclosures about Market Risk 74 Item 8. Financial Statements and Supplementary Data 76 Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 76 Item 9A. Controls and Procedures 77 Item 9B. Other Information 78 PART III Item 10. Directors, Executive Officers and Corporate Governance 79 Item 11. Executive Compensation 84 Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 112 Item 13. Certain Relationships and Related Transactions, and Director Independence 114 Item 14. Principal Accounting Fees and Services 119 PART IV Item 15. Exhibits and Financial Statement Schedules 120 Table of Contents Forward-Looking Statements Some of the information contained in this Annual Report on Form 10-K may contain forward-looking statements. Forward-looking statements include, without limitation, any statement that may project, indicate or imply future results, events, performance or achievements, and may contain the words "may," "believe," "should," "could," "expect," "anticipate," "plan," "intend," "estimate," "continue," "will likely result," or other similar expressions. In addition, any statement made by our management concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible actions by us are also forward-looking statements. Although we believe these forward-looking statements are reasonable as and when made, there may be events in the future that we are not able to predict accurately or control, and there can be no assurance that future developments affecting our business will be those that we anticipate. Additionally, all statements concerning our expectations regarding future operating results are based on current forecasts for our existing operations and do not include the potential impact of any future acquisitions. The factors listed under "Risk Factors," as well as any cautionary language in this report, describe the known material risks, uncertainties and events that may cause our actual results to differ materially from the expectations we describe in our forward-looking statements. Additional factors or events that may emerge from time to time, or those that we currently deem to be immaterial, could cause our actual results to differ, and it is not possible for us to predict all of them. You are cautioned not to place undue reliance on the forward-looking statements contained herein. The following factors are among those that may cause actual results to differ materially and adversely from our forward-looking statements: • We may not have sufficient cash from operations to enable us to pay the minimum quarterly distribution or maintain distributions at current levels following establishment of cash reserves and payment of fees and expenses, including payments to our general partner. • A significant decrease in demand for the products we sell could reduce our ability to make distributions to our unitholders. • Our sales of home heating oil and residual oil could be significantly reduced by conversions to natural gasoline. • Erosion of the value of the Mobil brand could adversely affect our gasoline sales and customer traffic. • Our gasoline station and convenience store business could expose us to an increase in consumer litigation and result in an unfavorable outcome or settlement of one or more lawsuits where insurance proceeds are insufficient or otherwise unavailable. • Our gasoline sales could be significantly reduced by a reduction in demand due to higher prices and to new technologies and alternative fuel sources, such as electric, hybrid or battery powered motor vehicles. • Our crude oil sales could be adversely affected by, among other things, unanticipated changes in the crude oil market structure, grade differentials and volatility (or lack thereof), changes in refiner demand, severe weather conditions, significant changes in prices and interruptions in rail transportation services and other necessary services and equipment, such as railcars, trucks, loading equipment and qualified drivers. • We depend upon rail and marine transportation services for a substantial portion of our logistics business in transporting the products we sell. A disruption in rail and marine transportation services could have an adverse effect on our financial condition, results of operations and cash available for distribution to our unitholders. • Changes to government usage mandates could adversely affect the availability and pricing of ethanol, which could negatively impact our sales. • Warmer weather conditions could adversely affect our home heating oil and residual oil sales. 1 Table of Contents • Our risk management policies cannot eliminate all commodity risk. In addition, noncompliance with our risk management policies could result in significant financial losses. • Our results of operations are affected by the overall forward market for the products we sell. • Our business could be affected by a range of issues, such as dramatic changes in commodity prices, energy conservation, competition, the global economic climate, movement of products between Europe and the United States, weekly and monthly refinery output levels, changes in local, domestic and worldwide inventory levels, seasonality and supply, weather and logistics disruptions. • Increases and/or decreases in the prices of the products we sell could adversely impact the amount of borrowing available for working capital under our credit agreement, which
Load more

Recommended publications
  • Convenience Store Insight
    Investment Banking Fall 2020 IN THIS ISSUE CONVENIENCE STORE INSIGHT Recent, Notable M&A Transactions Macroeconomic Indicators MERGERS & ACQUISITIONS, PUBLIC & PRIVATE CAPITAL Debt and Equity Market Conditions AND FINANCIAL ADVISORY SERVICES What We’re Reading FOR INSTITUTIONAL USE ONLY CONVENIENCE STORE INSIGHT Fall 2020 Deal Spotlight 7-Eleven Inc. Acquires Speedway LLC Haymaker Acquisition Corp Announces Business Combination with ARKO Holdings LTD and GPM Investments, Inc. • Announced: August 2, 2020 • Announced: July 13, 2020 • Rationale: 7-Eleven, Inc. will acquire Speedway from its parent • Transaction Detail: Special Purpose Acquisition Company (SPAC) company, Marathon Petroleum Corp. Rarely do portfolios of this Business Combination size and scope come to market, and 7-Eleven made sure that they • Rationale: Haymaker has signed an LOI to enter into a business would continue to expand their industry-leading footprint. combination with leading convenience store operator, GPM Investments. • Target: Speedway is a subsidiary of Marathon Petroleum Corp, Once complete, the transaction will bring a new entrant to a public c- which is a leading downstream energy company based in Findlay, store sector that has realized strong returns over the last decade. Ohio. Its convenience store subsidiary, Speedway, is the third- • Target: GPM Investments, Inc. is a leading U.S. convenience store largest convenience store in the United States, with ~3,900 sites operator that has grown rapidly both organically and through a series of across the country. successful acquisitions and platform integrations. GPM Investments is owned by Arko Holdings Ltd and a group of institutional investors. Raymond James served as advisor to ARKO Holdings Ltd Tri Star Energy LLC Acquires Hollingsworth Oil Co.
    [Show full text]
  • CFA Institute Research Challenge Babson College
    CFA Institute Research Challenge hosted by The Boston Security Analysts Society, Inc. Babson College Global Partners LP (NYSE:GLP) Recommendation: BUY Ticker: GLP Sector: Basic Materials Industry: Midstream Logistics Valuation Summary Current Price (as of 12/8/16) $15.90 Target Price $19.54 Upside 22.9% 52 Week High/Low $23.11/$12.28 EV/EBITDA (2017E) 8.4x EV/Sales (2017E) 0.2x Source: Bloomberg Global Partners LP (GLP) is currently undervalued by the market. The market is underestimating the growth potential of both GLP’s Wholesale and GDSO Segments. Based on the following analysis, we believe that in 2017 GLP’s Wholesale and GDSO Segments will grow at 8% each, compared to the expected industry growth of 7.1% and 7.3%, respectively. Given GLP’s dominance on the East Coast, we believe that these segments will continue to grow by approximately 1% higher than the industry over the next four years (Exhibit A). The reasons behind GLP growing faster than the industry are as follows. Investment Thesis 1. Stronghold on Northeast Terminals Provides Competitive Advantage Across the Business GLP has one of the largest terminal networks in the Northeast providing a competitive advantage throughout the segments of the GLP’s overall business. These terminals service the gas station, wholesale and commercial businesses. The vertical integration of the company helps move product from the terminals right to its expanding gas station business. The capacity of GLP’s Northeast terminal network is 11.3 bbls which allows them to steadily supply fuel to its customers, including its gas station business.
    [Show full text]
  • Financing and Merger & Acquisition Activity in Today's Dynamic Market
    Financing and Merger & Acquisition Activity in Today's Dynamic Market Dennis L. Ruben, Executive Managing Director Jeff Kramer, Managing Director Southeast Petro-Food Marketing Exposition Myrtle Beach, SC March 6, 2019 PRESENTED BY Dennis L. Ruben Jeff Kramer Executive Managing Director Managing Director NRC Realty & Capital Advisors, LLC NRC Realty & Capital Advisors, LLC (480) 216-9900 (303) 619-0611 [email protected] [email protected] 2 ECONOMIC OVERVIEW 3 ECONOMIC OVERVIEW (CONT.) Recovery in tenth year – record Trump tax breaks wearing off, but have helped increase purchase price multiples Unemployment at record lows, yet shortages in skilled workers Domestic and international political and economic uncertainties affecting both consumers and businesses 4 INTEREST RATE ENVIRONMENT Key benchmark determining lending rates for acquisitions activity Rate is currently 2.65% Low historically, but many variables 5 OIL PRICE ENVIRONMENT 6 OIL PRICE ENVIRONMENT (CONT.) 7 OIL PRICE ENVIRONMENT (CONT.) Greatly reduced dependence on foreign oil Affects US refiners and retailers’ gross margins . Surplus world crude oil capacity . Refiners importance of secure volume . Surplus of gasoline-producing capacity versus diesel Stimulates M&A activity (both retail and wholesale) and results in higher purchase price multiples 8 US GASOLINE DEMAND 9 US RACK TO RETAIL MARGIN 10 RACK TO RETAIL MARGINS 11 INDUSTRY PRESSURES AND CHALLENGES Labor costs and availability of skilled workers Increasing overhead costs (greater economies of scale for larger operators) Credit card issues (fees, EMV compliance, cyber security, fraud) Changing shopping trends . Millennials . Fewer customer visits . Growing importance of food service . Home delivery . Grocery store alternatives New and increased competition (Amazon/AmazonGo, Walmart, Costco, Dollar Stores, etc.) 12 INDUSTRY PRESSURES AND CHALLENGES (CONT.) Technological advances .
    [Show full text]
  • Exxonmobil in Nigeria Coffee Table Book
    in Page 1 Page 2 Page 3 Page 4 ExxonMobil Corporate Headquarters’ Lagos, Nigeria Page 5 GLOBAL HISTORY Page 6 Esso Exploration and Production Nigeria Limited (EEPNL) Mobil Oil Nigeria Plc (MON) Mobil Producing Nigeria Unlimited (MPN). Affiliates in Nigeria Page 7 ExxonMobil’s business standards, public service ideals and overall dedication to socio-economic improvement demonstrate a consistent penchant for inspiring and supporting progress at all viable levels in Nigeria Page 8 CONTENT 10 Corporate Structure & Governance 11 ExxonMobil Milestones 12 Background Mobil Oil Nigeria Plc Mobil Producing Nigeria Unlimited Esso Exploration & Production Nigeria Limited SECTION . A 17 Operations Safety Health & Environment Floating Production Storage and Offloading FPSO Floating Storage and Offloading (FSO) Domestic Gas Supply Mobil Lubricants Mobil Aviation Lubricant SECTION . B 50 Operating Principles Nigerian Content Strides – Journey So Far Human Capacity Development SECTION . C 68 Citizenship Activities Educational Development/School Scholarship Award EEPNL Scholarship Awards NNPC/MPN/STAN National Quiz Science Quiz Competition in Akwa Ibom state 80 Contractor/Vendor Support Micro Credits Women Development Programme ExxonMobil Womens’ Economic Opportunity Initiatives 91 A Vital Part of Your Community We are defeating malaria one community at a time 117 Sports Development 130 Wildlife Conservation Page 9 Corporate Structure & Governance The three affiliates have a single Lead Country Manager. The Lead Country Manager serves as the Chairman of the Board and Managing Director of the two upstream affiliates, assisted by a committee of key executives from operating and service divisions. MON Plc has a separate Chairman of the Board of Directors/Managing Director and is a publicly quoted company on the Nigerian Stock Exchange.
    [Show full text]
  • The Future of M&A
    FEATURE The Future of M&A By Melissa Kress The top convenience store chains retained their rankings over the past 12 months, but what effect the pandemic has on industry consolidation remains to be seen OVER THE PAST few years, it’s seemed that nothing could curb the consolidation wave that was washing over the convenience channel. Big brand names traded hands as even bigger names competed for them. The majority of the past 12 months has been no exception. As the 2020 Convenience Store News Top 100 report shows, merger and acquisition (M&A) activity continued to be a key trend in the industry over the past year, driving the top chains to keep a tight grasp on their titles, as others jockeyed to become the next big c-store player. 54 Convenience Store News CSNEWS.com TOP 100 The percentage of the industry’s total year over year, rising by one point to 28 stores operated by the top 100 increased percent. The top 10 chains operate 42,698 by one point to 43 percent. The top 100 stores, up from 41,804 the prior year. operate 63,843 stores, up from 63,258 in 2019. The percentage of stores oper- In a similar picture to 2019, this year’s ated by just the top 10 chains also grew top 10 remains largely unchanged. Irving, TOP 100 2020 2019 Company, City, State Annual Total U.S. Company- Franchise/ Primary Store Names Rank Rank ACV* ($000) Store Operated Licensee Count Stores Stores 1 1 7-Eleven Inc. $34,996,312 9,419 1,740 7,679 7-Eleven, Stripes, Tedeschi Food Shop, White Hen Pantry Irving, Texas 2 2 Alimentation Couche-Tard Inc.
    [Show full text]
  • 2019Annual Report
    2019 ANNUAL REPORT DEAR SHAREHOLDERS 2019 was another successful year for Getty as our team result being that our portfolio of 945 properties continues to be continued to grow our portfolio with high-quality real estate, 99% occupied. i driving increases in earnings and creating value for our shareholders. Our existing portfolio delivers consistent results, Driving Growth and Shareholder Returns and our key priority remains expanding our company through Due to the strong execution of our business initiatives, we focused investments in targeted industries and metropolitan delivered a 5% increase in rental income, and increased net markets. earnings and adjusted funds from operations per share (AFFO) in 2019. After taking into account additional borrowing costs Continued Execution of Core Business Strategy and newly issued shares from the Company’s 2019 capital We executed on all aspects of our growth strategy in 2019 as raising activities, we were able to grow our AFFO per share we acquired 27 high-quality properties for $87.2 million through to $1.72 for the year. a combination of portfolio and individual acquisitions. This Our 2019 accomplishments resulted in our Board’s decision activity also reflects our extremely disciplined investment to increase our dividend by 6% to an annualized rate of $1.48 approach, which carefully considers real estate attributes as per share – making 2019 the fifth consecutive year that the well as the operational and credit quality of our prospective Company has rewarded shareholders with a significant increase tenants. During the year, we reviewed approximately $1.3 billion in its recurring cash dividend rate.
    [Show full text]
  • Global Partners LP (Exact Name of Registrant As Specified in Its Charter) Delaware 74-3140887 (State Or Other Jurisdiction of Incorporation Or Organization) (I.R.S
    Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-32593 Global Partners LP (Exact name of registrant as specified in its charter) Delaware 74-3140887 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) P.O. Box 9161 800 South Street Waltham, Massachusetts 02454-9161 (Address of principal executive offices, including zip code) (781) 894-8800 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Units representing limited partner interests GLP New York Stock Exchange 9.75% Series A Fixed-to-Floating Cumulative Redeemable GLP pr A New York Stock Exchange Perpetual Preferred Units representing limited partner interests Securities registered pursuant to section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • ENERGYPOINT RESEARCH CUSTOMER SATISFACTION | OIL & GAS INDUSTRY Listed by Ratings Trend
    ENERGYPOINT RESEARCH CUSTOMER SATISFACTION | OIL & GAS INDUSTRY Listed by Ratings Trend COMPANY SEGMENT RATING TREND SCOPE U.S. Steel Oilfield Products Global Cudd / Thru-Tubing Oilfield Services Global Omron IDM Oilfield Products Global Schlumberger Oilfield Products Global Kum & Go Gasoline Retailers U.S. Dover Artificial Lift Oilfield Products Global Expro Group Oilfield Products Global Pioneer Energy Services Land Contract Drilling U.S. & Canada Newpark Resources Oilfield Products Global Rowan Companies Offshore Contract Drilling Global Dril-Quip Oilfield Products Global Halliburton Oilfield Services Global Derrick Equipment Oilfield Products Global Diamond Offshore Offshore Contract Drilling Global Frank's International Oilfield Products Global Anadarko Midstream/WGP Midstream Services U.S. & Canada Enlink Midstream Midstream Services U.S. & Canada Basic Energy Services Oilfield Services Global Oceaneering International Oilfield Products Global Wawa Gasoline Retailers U.S. Crestwood Midstream Midstream Services U.S. & Canada Core Laboratories Oilfield Services Global Calfrac Well Services Oilfield Services Global Delmar Systems Oilfield Services Global Meijer Gasoline Retailers U.S. Love's Travel Stops Gasoline Retailers U.S. Kwik Fill Gasoline Retailers U.S. Superior Energy Services Oilfield Services Global Patterson-UTI Land Contract Drilling U.S. & Canada Kwik Trip Gasoline Retailers U.S. Tesco Oilfield Services Global Gardner Denver Oilfield Products Global Schlumberger Oilfield Services Global Chevron Gasoline Retailers U.S. National Oilwell Varco Oilfield Products Global Weatherford International Oilfield Products Global Nippon Steel & Sumitomo Metals Oilfield Products Global Plains All American Midstream Services U.S. & Canada DistributionNOW Oilfield Services Global Frank's International Oilfield Services Global Scientific Drilling Oilfield Services Global Wartsila Oilfield Products Global ENSCO Offshore Contract Drilling Global MRC Global Oilfield Services Global Expro Group Oilfield Services Global Nabors Industries Land Contract Drilling U.S.
    [Show full text]
  • We Need to Profit Too, Camelot Told
    17.06.2016 NEW E-CIGS ERA The trends driving sales in the post- EUTPD II market BEST PRACTICE Page 28 » Booze at a bargain ‘Premium Bong Vodka is £70 online, my shoppers pay half that amount’ Page 20 » NEWS l CONVENIENCE l PROFIT www.betterretailing.com l £2.30 We need to profit too, Camelot told ANNUAL CONFERENCE l Angry retailers tell Lottery boss James Pearson to ‘fix NFRN image problem and processes’ at NFRN annual conference. l Firm admits it won’t cut £50 charge or increase president: commission despite retailers’ £1bn ticket sales. Page 5 » lobbying paid off ILLICIT TRADE Ralph Patel hails campaigning 300% rise success as new in illegal president Ray tobacco Monelle takes the reins. Page 11 & 24 Cig sales down » 1.7bn as dark FRANCHISE market booms, KPMG report Bargain reveals. Page 12 » Booze eyes INDUSTRY ALLIANCE fresh sales Newstrade growth joins forces Shift to Select NFRN and multiples fascia predicted launch supply chain by director Paul lobby group. Courtney. Page 6 » Page 5 » Two polls show EU Vol 127 No 24 exit support as RBS FOR TRADE USE ONLY economist warns 24 Securing tobacco’s future The UK’s four biggest tobacco manufacturers took Brexit could lead to centre stage at the NFRN’s annual conference to answer retailers’ questions on higher costs for indies. best practice and the future of the category. JTI’s Jeremy Blackburn told retailers Page 4 » to “invest for success and be proactive”. Page 4 » RN page ad.indd 1 08/06/2016 10:13 Retail Newsagent 17 June 2016 3 A brilliant way to find out about the issues most important to independ- ent retailers is to ask them what’s on their mind.
    [Show full text]
  • Q1 2018 Investor Presentation
    Q1 2018 Investor Presentation Global Partners LP (NYSE: GLP) Forward-Looking Statements Certain statements and information in this presentation may constitute “forward-looking statements.” The words “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could” or other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. These forward-looking statements are based on Global Partners’current expectations and beliefs concerning future developments and their potential effect on the Partnership. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting the Partnership will be those that it anticipates. All comments concerning the Partnership’s expectations for future revenues and operating results are based on forecasts for its existing operations and do not include the potential impact of any future acquisitions. Forward- looking statements involve significant risks and uncertainties (some of which are beyond the Partnership’s control) and assumptions that could cause actual results to differ materially from the Partnership’s historical experience and present expectations or projections. For additional information regarding known material factors that could cause actual results to differ from thePartnership’s projected results, please see Global Partners’filings with the SEC, including itsAnnual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form8-K. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. The Partnership undertakes no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events orotherwise.
    [Show full text]
  • Non Community Public Water Supply Contact Information
    County Public Water Supply Name PWS ID System Type Total Population Contact Information Ms. Mary Maltbie NC‐Non‐community 109 Caroline St ALBANY ALBANY OBEDIENCE CLUB NY0130037 50 transient water system Apt C SARATOGA, NY 12866 Mr. Steven Schrade NTNC‐Non‐transient non‐ BERNE‐KNOX‐WESTERLO SCHOOLS ALBANY BERNE KNOX HIGHSCHOOL NY0115885 650 community water system 1738 Helderberg Trail BERNE, NY 12023 Chris Gerardi NC‐Non‐community ALBANY CAMP PINNACLE NY0108745 250 621 pinnacle rd transient water system VOORHEESVILLE, NY 12186 Mr. Robert Kropp NC‐Non‐community RENSSELAERVILLE WD ALBANY CAREY CONFERENCE CENTER NY0118614 60 transient water system 87 BARGER RD MEDUSA, NY 12120 John Larocca NC‐Non‐community RENSSELAERVILLE INSTITUTE ALBANY CAREY CONFERENCE CENTER NY0118614 60 transient water system 63 HUYCK ROAD RENSSELAERVILLE, NY 12147 Ms. Linda Davis NC‐Non‐community Rensselaerville Institue ALBANY CAREY CONFERENCE CENTER NY0118614 60 transient water system Pond Hill road RENSSELAERVILLE, NY 12147 Mr. Joseph Barton NC‐Non‐community ALBANY CASA MIAS ITALIAN SPEC NY0130010 25 3379 Delaware Tpke. transient water system VOORHESVILLE, NY 12186 Mr. Robert Desautels NC‐Non‐community Rte 85A ALBANY COLONIE COUNTRY CLUB NY0119280 300 transient water system PO box 322 VOORHEESVILLE, NY 12186 COUNTRYSIDE MARTS INC. NC‐Non‐community P.O. Box 129 ALBANY COUNTRYSIDE MART #6 NY0130024 25 transient water system 6030 Duanesburg Rd. DUANESBURG, NY 12056 Mr. Mike Lingle NC‐Non‐community RED KAP SALES, INC. ALBANY COUNTRYSIDE MART #6 NY0130024 25 transient water system PO Box 1078 SCHENECTADY, NY 12301 Kimberly Lauria NC‐Non‐community ELEGANT TOUCH ALBANY ELEGANT TOUCH NY0116316 50 transient water system 6787 ROUTE 158 ALTAMONT, NY 12009 Mr.
    [Show full text]
  • March 22, 2020 Dear Members of the Nominating Committee
    March 22, 2020 Dear Members of the Nominating Committee: I am looking forward to our Nominating Committee during the NACS State of the Industry Summit (via Microsoft Teams) and working with you to populate the board with qualified and diversified candidates. In the April meeting, we will select new, eager suppliers for the NACS Supplier Board. Along with deciding who the new members will be, we will have some challenges as you decide who moves up, who doesn’t and who, unfortunately, will rotate off. Decision One We promote Rick Brindle to the chair. I would hope that is obvious, but we still need to vote him up. Decision Two Chair Elect – We have two Vice Chairs (Brent Cotten, Hershey and Frank Squilla, InComm) in their 2nd terms. One will move in the Chair elect and one will rotate off. Kevin Farley is the 3rd Vice Chair, but he is only in his 1st term and has another year. Decision Three Past Chair – another problem for 2021. Jay Ard has announced his retirement in July. We lose his service on past chair (3 years) and nomination committee. We discussed a plan to add a year of past chair service to the following past chairs to cover the vacancy: Kevin Martello (2021) and Brad McGuinness (2022) with Drew Mize has our 3rd. Decision Four We currently have 24 of our allowed 25 supplier seats. We like to have 1 or 2 seats open to give the supplier board flexibility to adjust and add a major CPG company or manpower if we are struggling on an initiative.
    [Show full text]