---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-023711"
form_type: "8-K"
ticker: "NRP"
cik: "0001171486"
company_name: "NATURAL RESOURCE PARTNERS LP"
filed_at: "2023-08-14T23:59:59+00:00"
generated_at: "2026-06-11T10:11:39.358443+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# NRP repurchases 35K Class A Preferred Units from Blackstone for $35M; Blackstone loses director rights

## Summary
- Repurchased 35,000 Class A Preferred Units from Blackstone for $35M cash plus accrued and unpaid distributions.
- After retirement, 86,667 preferred units remain outstanding of the original 250,000 issued.
- Blackstone's holdings drop below threshold, ending its right to designate a director or board observer.
- Alex Greene (Blackstone's designee) stays on board until resignation or removal; receives no fees from NRP.

## SEC filing metadata
- accession: 0001437749-23-023711
- form_type: 8-K
- ticker: NRP
- cik: 0001171486
- company_name: NATURAL RESOURCE PARTNERS LP
- filed_at: 2023-08-14T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1171486/000143774923023711/0001437749-23-023711-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1171486/000143774923023711/nrp20230808_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-023711
- JSON: https://secwatch.observer/filing/0001437749-23-023711.json
- Plain text: https://secwatch.observer/filing/0001437749-23-023711.txt

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