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Section 1: 8-K (8-K)

felp-8k_20190614.htm

 

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): June 14, 2019 (June 13, 2019)

 

 

FORESIGHT ENERGY LP

(Exact Name of Registrant as Specified in Charter)

 

 

Delaware

 

001-36503

 

80-0778894

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

211 North Broadway, Suite 2600

Saint Louis, MO

 

 

 

63102

(Address of Principal Executive Offices)

 

 

 

(Zip Code)

 

(Registrant’s telephone number, including area code): (314) 932-6160

 (Former Name or Former Address, if Changed Since Last Report)

 

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 (see General Instruction A.2. below):

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

 

FELP

 

New York Stock Exchange (“NYSE”)

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (Section 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (Section 240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicated 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 3.01

NOTICE OF DELISTING OR FAILURE TO SATISFY A CONTINUED LISTING RULE OR STANDARD; TRANSFER OF LISTING.

On June 13, 2019, Foresight Energy LP (“Foresight”) received notice from the New York Stock Exchange (the “NYSE”) that its common units did not satisfy one of the NYSE’s standards for continued listing.  Rule 802.01C of the NYSE Listed Company Manual requires that the average closing price per unit of a listed partnership be in excess of $1.00 for a consecutive 30-trading-day period.  

In accordance with the NYSE’s rules, Foresight will be providing the NYSE with notice of its intention to pursue measures to cure the common unit price non-compliance.  Foresight has a period of six months (the “Cure Period”) to bring its average common unit price back over $1.00.  Subject to the NYSE’s rules, Foresight’s common units will continue to be listed on the NYSE and trade as usual during the Cure Period.  The NYSE notification does not affect Foresight’s Securities and Exchange Commission reporting requirements.

A copy of the press release announcing the notice of non-compliance with the NYSE continued listing standards is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

 

ITEM 9.01

FINANCIAL STATEMENTS AND EXHIBITS.

 

(d)

Exhibits

 

 

99.1 Press release issued by Foresight Energy LP on June 14, 2019.

 

 

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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.

 

 

Foresight Energy LP

 

 

By:

 

Foresight Energy GP LLC,

 

 

its general partner

 

 

By:

 

/s/ Robert D. Moore

 

 

Robert D. Moore

 

 

Chairman of the Board, President and

Chief Executive Officer

 

 

Date: June 14, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Section 2: EX-99.1 (EX-99.1)

felp-ex991_6.htm

 

Exhibit 99.1

 

 

Foresight Energy LP Receives a Continued Listing Standard Letter from the NYSE

ST. LOUIS, Missouri — (BUSINESS WIRE) — June 14, 2019 — Foresight Energy LP (“Foresight”) (NYSE: FELP), a Delaware limited partnership, is announcing today that it has been notified by the New York Stock Exchange (the “NYSE”) that its common units did not satisfy one of the NYSE’s standards for continued listing.  The NYSE requires that the average closing price per unit of a listed partnership be in excess of $1.00 for a consecutive 30-trading-day period.  

Under the NYSE’s rules, Foresight has a period of six months, subject to possible extension, to bring its average common unit price back over $1.00.  Foresight’s common units will continue to be listed and traded on the NYSE during this period.  Foresight plans to notify the NYSE that it anticipates that this deficiency will be cured and that it will return to compliance with the NYSE continued listing standard.  The NYSE notification does not affect Foresight’s Securities and Exchange Commission reporting requirements.

About Foresight Energy LP

Foresight is a leading producer and marketer of thermal coal controlling nearly 2.1 billion tons of coal reserves in the Illinois Basin. Foresight currently operates two longwall mining complexes with three longwall mining systems (Williamson (one longwall mining system) and Sugar Camp (two longwall mining systems)), one continuous mining operation (Macoupin) and the Sitran river terminal on the Ohio River. Additionally, Foresight has recently resumed continuous miner production at its Hillsboro complex and continues to evaluate potential future mining options. Foresight’s operations are strategically located near multiple rail and river transportation access points, providing transportation cost certainty and flexibility to direct shipments to the domestic and international markets.

Contact

Cody E. Nett

Corporate Secretary

314-932-6105

investor.relations@foresight.com

cody.nett@foresight.com

 

 

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