NATURAL RESOURCE PARTNERS L.P. (NYSE:NRP) Files An 8-K Termination of a Material Definitive Agreement
Item 1.02.
|
Termination of a Material Definitive Agreement.
|
interest in NRP (GP) LP (NRP GP and the general partner of
Natural Resource Partners L.P. (NRP)) to Great Northern
Properties Limited Partnership (GNPLP) and Western Pocahontas
Properties Limited Partnership (WPPLP) (the Adena Sale). GNPLP
and WPPLP are companies controlled by Corbin J. Robertson, NRPs
Chairman and Chief Executive Officer. Following the Adena Sale,
GNPLP owns a 9.830% limited partner interest in NRP GP, and WPPLP
owns a 90.169% limited partner interest in NRP GP. GP Natural
Resource Partners LLC (GP LLC) continues to own a 0.001% general
partner interest in NRP GP.
Rights Agreement effective as of January 4, 2007 by and among
Adena, NRP GP, GP LLC, and Robertson Coal Management (Investor
Rights Agreement) terminated to its terms. to the Investor Rights
Agreement, Adena had the right to appoint two directors (one of
whom must have been independent) and one observer to the Board of
Directors of GP LLC (the GP LLC Board).
Agreement effective as of January 4, 2007, by and among
Christopher Cline, Foresight Reserves LP, Adena, NRP, NRP GP, and
NRP (Operating) LLC (the RBCA) also terminated to the terms
thereof. to the RBCA, Adena and its affiliates were required to
make offers of certain assets to NRP and its subsidiaries.
Fifth Amended and Restated Partnership Agreement are no longer in
effect as a result of the Adena Sale (other than customary rights
to indemnification).
|
Item 2.02.
|
Results of Operations and Financial Condition.
|
following information and the exhibit referenced therein are
being furnished to Item 2.02 of Form 8-K and are not deemed filed
for purposes of Section 18 of the Securities Exchange Act of
1934, as amended, are not subject to the liabilities of that
section and are not deemed incorporated by reference in any
filing under the Securities Act of 1933, as amended, or the
Securities Exchange Act of 1934, as amended.
press release its earnings and operating results for the first
quarter of 2017. A copy of NRPs press release is attached hereto
as Exhibit 99.1.
|
Item 5.02.
|
Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
Board.
result of any disagreement with NRP or its management. Mr.
Jackson was one of two Adena designees to the GP LLC Board to the
Investor Rights Agreement. In connection with the termination of
the Investor Rights Agreement, Adena no longer has rights to
appoint directors to the GP LLC Board.
director appointee to the GP LLC Board, will remain on the GP LLC
Board as an independent director appointed by Corbin J.
Robertson, Jr.
|
Item 9.01.
|
Financial Statements and Exhibits.
|
|
(c)
|
Exhibits
|
|
99.1
|
Natural Resource Partners L.P. press release dated as
of May 10, 2017 |
About NATURAL RESOURCE PARTNERS L.P. (NYSE:NRP)
Natural Resource Partners L.P. owns, operates, manages and leases a portfolio of mineral properties in the United States, including interests in coal, trona and soda ash, construction aggregates and other natural resources. Coal Royalty and Other segment consists primarily of coal royalty and coal related transportation and processing assets. As of December 31, 2016, Soda Ash segment included the Company’s 49% non-controlling equity interest in Ciner Wyoming, a trona ore mining operation and soda ash refinery in the Green River Basin, Wyoming. VantaCore’s operating businesses include Laurel Aggregates, located in Lake Lynn, Pennsylvania; Winn Materials/McIntosh Construction, located in Clarksville, Tennessee; Grand Rivers, located in Grand Rivers, Kentucky, and Southern Aggregates, located near Baton Rouge, Louisiana. NATURAL RESOURCE PARTNERS L.P. (NYSE:NRP) Recent Trading Information
NATURAL RESOURCE PARTNERS L.P. (NYSE:NRP) closed its last trading session down -0.05 at 33.60 with 30,534 shares trading hands.
