---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-025063"
form_type: "8-K"
ticker: "GLP"
cik: "0001323468"
company_name: "GLOBAL PARTNERS LP"
filed_at: "2025-03-18T23:59:59+00:00"
generated_at: "2026-05-24T13:18:28.968909+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Global Partners LP enters new employment agreements with five executives through 2027

## Summary
- New agreements effective Jan 1, 2025 for CEO Eric Slifka, CFO Gregory Hanson, COO Mark Romaine, CLO Sean Geary, and SVP Matthew Spencer.
- Base salaries: Slifka $1.1M, Hanson $575k, Romaine $700k, Geary $500k, Spencer $350k.
- Term runs through Dec 31, 2027 with automatic extension to April 15, 2028 for renewal negotiations.
- STIP target set by Compensation Committee; payout range 0-200% of target with 50% linked to EBITDA and Distributable Cash Flow.
- Enhanced severance: 200% base salary and STIP target for termination without cause or constructive termination (300% for Slifka after change in control).

## SEC filing metadata
- accession: 0001104659-25-025063
- form_type: 8-K
- ticker: GLP
- cik: 0001323468
- company_name: GLOBAL PARTNERS LP
- filed_at: 2025-03-18T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1323468/000110465925025063/0001104659-25-025063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1323468/000110465925025063/tm259274d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-025063
- JSON: https://secwatch.observer/filing/0001104659-25-025063.json
- Plain text: https://secwatch.observer/filing/0001104659-25-025063.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.