false 0001171486 0001171486 2023-09-12 2023-09-12
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM 8-K
 
 
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
 
Date of report (Date of earliest event reported): September 12, 2023
 
 
nrp20230206_8kimg001.jpg
 
NATURAL RESOURCE PARTNERS LP
(Exact Name of Registrant as Specified in its Charter)
 
 
Delaware
001-31465
35-2164875
(State or other jurisdiction
of incorporation or organization)
(Commission File
Number)
(I.R.S. Employer
Identification No.)
 
1415 Louisiana St., Suite 3325
Houston, Texas 77002
(Address of principal executive office) (Zip Code)
 
(713) 751-7507
Registrant’s 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:
 
☐         Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐         Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐         Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐         Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
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
  
NRP
  
New York Stock Exchange
 
 
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging Growth Company         ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐
 
 
 
 
 
Item 8.01.         Other Events
 
On September 12, 2023, Natural Resource Partners L.P. (the “Partnership”) executed a negotiated transaction with certain entities controlled by funds affiliated with Blackstone Inc. (collectively referred to as "Blackstone") pursuant to which the Partnership repurchased an aggregate of 15,001 Class A Preferred Units held by Blackstone (the “Subject Units”) for $15,001,000 in cash, plus any accrued and unpaid distributions in respect of such units. Following the repurchase, the Subject Units were retired and are no longer outstanding, and all rights of Blackstone thereof have ceased with respect to the Subject Units. As a result of the transaction, Blackstone no longer holds any Class A Preferred Units. Of the originally issued 250,000 Class A Preferred Units, after giving effect to this redemption and all prior redemptions, 71,666 Class A Preferred Units remain outstanding.
 
Item 5.02.         Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
 
In connection with this repurchase of the Subject Units, and because Blackstone no longer holds any Class A Preferred Units, Blackstone’s board designee Alexander D. Greene resigned from the board of the Partnership’s general partner, effective September 12, 2023. 
 
Item 9.01.         Financial Statements and Exhibits
 
(d)
Exhibits.
   
104
Cover Page Interactive Data File (embedded within the Inline XBRL document).
 
1
 
 
SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
NATURAL RESOURCE PARTNERS L.P.
(Registrant)
By:
NRP (GP) LP
its General Partner
  By: GP Natural Resource Partners LLC  
    its General Partner  
       
Date: September 18, 2023   /s/ Philip T. Warman  
    Philip T. Warman  
    General Counsel  
 
2
v3.23.3
Document And Entity Information
Sep. 12, 2023
Document Information [Line Items]  
Entity, Registrant Name NATURAL RESOURCE PARTNERS LP
Document, Type 8-K
Document, Period End Date Sep. 12, 2023
Entity, Incorporation, State or Country Code DE
Entity, File Number 001-31465
Entity, Tax Identification Number 35-2164875
Entity, Address, Address Line One 1415 Louisiana St., Suite 3325
Entity, Address, City or Town Houston
Entity, Address, State or Province TX
Entity, Address, Postal Zip Code 77002
City Area Code 713
Local Phone Number 751-7507
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Units representing limited partner interests
Trading Symbol NRP
Security Exchange Name NYSE
Entity, Emerging Growth Company false
Amendment Flag false
Entity, Central Index Key 0001171486
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