secwatch.observer — SEC 8-K summary
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Issuer:     Calumet Specialty Products Partners, L.P. (—)
CIK:        0001340122
Form:       8-K
Filed at:   2024-07-10T23:59:59+00:00
Accession:  0001193125-24-177303
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.02, 2.01, 3.01, 5.01, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Calumet completes conversion from MLP to corporation; units exchanged for stock
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- Effective July 10, 2024, Calumet converted to Calumet, Inc. via merger; common units exchanged 1:1 for common stock.
- Approximately 80.4M shares of common stock issued to former unitholders; sponsor parties received 5.5M shares and 2M warrants ($20 strike, exp. 2027).
- Common stock begins trading on Nasdaq under CLMT on July 11; partnership units delisted and deregistration filed.
- Unitholders approved conversion with 55.5M votes for, 183K against; also approved board classification, forum selection, LTIP, and adjournment.
- Omnibus agreement with The Heritage Group terminated effective closing; no outstanding obligations remain.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1340122/000119312524177303/0001193125-24-177303-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1340122/000119312524177303/d861184d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-177303

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