StoneMor Partners L.P. (NYSE:STON) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item5.02.
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On January17, 2017, Sean P. McGrath resigned from his position as
the Chief Financial Officer of StoneMor GP LLC (StoneMor GP), the
general partner of StoneMor Partners L.P. (the Partnership),
effective upon the filing of the Partnerships Annual Report on
Form 10-K for the year ended December31, 2016 (the Effective
Date). Mr.McGrath informed the Partnership that he resigned in
order to pursue other business activities outside of the
deathcare industry. Until the Effective Date, Mr.McGrath is
expected to continue to serve in his current role as Chief
Financial Officer of StoneMor GP and to continue to perform his
duties in that capacity. The Board of Directors of StoneMor GP
expects to announce Mr.McGraths replacement before the Effective
Date.
StoneMor GP and Mr.McGrath are negotiating the terms of certain
arrangements that will apply to his separation from StoneMor GP
and the Partnership, and the Partnership will file an amendment
to this Form 8-K to provide the required information relating to
such arrangements after that information becomes available.
| Item7.01. | Regulation FD Disclosure. |
On January23, 2017, the Partnership issued a press release,
attached hereto as Exhibit 99.1, announcing Mr.McGraths
resignation.
The information in this Item 7.01, including Exhibit 99.1
incorporated by reference herein, is being furnished and shall
not be deemed to be filed for the purposes of Section18 of the
Securities Exchange Act of 1934, as amended (the Exchange Act),
or otherwise subject to the liabilities of that Section, nor
shall it be incorporated by reference into any filing made by the
Partnership to the Securities Act of 1933, as amended, or the
Exchange Act, other than to the extent that such filing
incorporates any or all of such information by express reference
thereto.
| Item9.01. | Financial Statements and Exhibits |
| (d) | Exhibits. |
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Exhibit Number |
Description |
|
| 99.1 |
Press Release dated January23, 2017 announcing Sean McGraths resignation. |
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About StoneMor Partners L.P. (NYSE:STON)
StoneMor Partners L.P. owns and operates cemeteries and funeral homes. The Company operates through two segments: Cemetery Operations and Funeral Homes. Its Cemetery Operations segment sells interment rights, caskets, burial vaults, cremation niches, markers and other cemetery related merchandise. Its Funeral Homes segment offers a range of services, including family consultation, final expense insurance products, the removal and preparation of remains, provision of caskets and related funeral merchandise, the use of funeral home facilities for visitation, worship and performance of funeral services, and transportation services. It sells cemetery products and services both at the time of death, which it refers to as at-need, and prior to the time of death, which it refers to as pre-need. It operates approximately 310 cemeteries in over 30 states and Puerto Rico, and approximately 100 funeral homes in over 20 states and Puerto Rico. StoneMor Partners L.P. (NYSE:STON) Recent Trading Information
StoneMor Partners L.P. (NYSE:STON) closed its last trading session down -0.32 at 10.98 with 217,143 shares trading hands.