[8-K] Global Partners LP Reports Material Event

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Simon Property Group (SPG) filed a Form 8-K announcing a leadership change effective 6 Aug 2025.

Eli Simon, formerly Executive VP - Chief Investment Officer, is promoted to Chief Operating Officer and will retain his Board seat.
In the COO role, he will work with Chairman/CEO David Simon on property performance, development projects, strategic investments and brand strategy.
Eli Simon joined SPG in 2019, advancing from SVP of Corporate Investments to EVP-CIO, where he oversaw real-estate and non-real-estate capital deployment.
The promotion carries an annual base salary of $800,000.
Eli Simon is David Simon鈥檚 son; the Company states there are no additional related-party transactions requiring Item 404(a) disclosure beyond those detailed in the 1 Apr 2025 proxy.
The appointment was disclosed via a press release dated 7 Aug 2025, attached as Exhibit 99.1.

The filing contains no financial results, guidance or major transactions.

Insights

TL;DR: Familial COO appointment raises governance optics but operational continuity likely; overall neutral market impact.

The elevation of Eli Simon consolidates decision-making within the Simon family, a common structure for SPG. While investors may scrutinize nepotism risk, the filing cites no undisclosed related-party dealings and maintains compliance with Item 404(a). Eli鈥檚 investment background and existing Board seat suggest minimal onboarding friction. Compensation at $800k is typical for REIT COOs of SPG鈥檚 scale. No strategic or financial guidance changes were provided, keeping the event non-material to near-term valuation.

TL;DR: Management reshuffle aligns investment expertise with operations; impact modest and largely internal.

Transferring the CIO to COO may streamline project execution and capital deployment across malls and mixed-use developments. Eli Simon鈥檚 six-year tenure and transaction experience reduce execution risk. However, absence of performance targets or strategic shifts limits investor visibility on incremental value creation. Given unchanged guidance and stable leadership, I view the disclosure as operational housekeeping rather than a catalyst for SPG鈥檚 shares.

08/07/2025 - 08:12 AM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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): August 7, 2025

GLOBAL PARTNERS LP

(Exact name of registrant as specified in its charter)

Delaware

001-32593

74-3140887

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

P.O. Box 9161

800 South Street

Waltham, Massachusetts 02454-9161

(Address of Principal Executive Offices)

(781) 894-8800

(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	GLP	New York Stock Exchange

9.50% Series B Fixed Rate Cumulative Redeemable Perpetual Preferred Units representing limited partner interests	GLP pr B	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 2.02.

Results of Operations and Financial Condition

On August 7, 2025, Global Partners LP (the “Partnership”) issued a press release announcing its second quarter 2025 financial results. The press release contains measures that may be deemed non-GAAP financial measures as defined in Item 10 of Regulation S-K under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The most directly comparable generally accepted accounting principles (“GAAP”) financial measures and information reconciling the GAAP and non-GAAP financial measures are also included in the press release. A copy of the Partnership’s press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

The information furnished pursuant to Item 2.02 in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for the purposes of Section 18 of the Exchange Act, or otherwise subject to the liability of that section, unless the Partnership specifically states that the information is to be considered “filed” under the Exchange Act or incorporates it by reference into a filing under the Securities Act of 1933, as amended, or the Exchange Act.

Item 7.01.

Regulation FD Disclosure

The information set forth under Item 2.02 of this Current Report on Form 8-K is hereby incorporated in Item 7.01 by reference.

The information furnished pursuant to Item 7.01 in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for the purposes of Section 18 of the Exchange Act, or otherwise subject to the liability of that section, unless the Partnership specifically states that the information is to be considered “filed” under the Exchange Act or incorporates it by reference into a filing under the Securities Act of 1933, as amended, or the Exchange Act.

Item 9.01.

Financial Statements and Exhibits

(d)		Exhibits

99.1		Global Partners LP Press Release dated August 7, 2025

104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	GLOBAL PARTNERS LP

	By:	Global GP LLC
		its general partner

Dated: August 7, 2025	By:	/s/ Sean T. Geary
		Sean T. Geary
		Chief Legal Officer and Secretary

Source:

AG真人官方