secwatch.observer — SEC 8-K summary
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Issuer:     STAR GROUP, L.P. (SGU)
CIK:        0001002590
Form:       8-K
Filed at:   2023-03-24T23:59:59+00:00
Accession:  0000950170-23-009760
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Star Group adopts unitholder rights plan (poison pill) with 15% trigger
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- Distribution of one Right per outstanding unit; record date April 4, 2023; exercise price $60 per unit.
- Rights become exercisable if a person/group acquires 15%+ of common units without board approval.
- Rights expire March 24, 2028; redeemable by company at $0.01 per Right.
- Plan not adopted in response to any specific takeover bid; existing holders >15% grandfathered with 0.1% creep limit.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1002590/000095017023009760/0000950170-23-009760-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1002590/000095017023009760/sgu-20230324.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-009760

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer