HOUSE_OVERSIGHT_024466.jpg
Extraction Summary
5
People
3
Organizations
0
Locations
2
Events
2
Relationships
3
Quotes
Document Information
Type:
Legal/corporate governance document (likely a partnership agreement, offering memorandum, or term sheet)
File Size:
Summary
This document outlines the governance structure and listing process for an entity referred to as 'KUE'. It details the composition of the Board of Directors, specifically the rights of outside investors to appoint directors and the requirements for 'Independent Directors' based on NYSE rules. It also defines the 'Initial Listing' process, which requires an offering generating at least $200 million in gross proceeds.
People (5)
| Name | Role | Context |
|---|---|---|
| General Partner | Governing Entity |
Entity that will have a Board of Directors and manage the partnership.
|
| Outside Investor | Investor |
The investor holding the greatest number of shares at the first closing, entitled to appoint two directors.
|
| Holders of Class B Shares | Shareholders |
Entitled to appoint remaining directors after the outside investor appoints theirs.
|
| Independent Directors | Board Members |
Directors who are not Principals, family members, or employees, meeting NYSE Rule 303A.02 definitions.
|
| Principals | Executives/Owners |
Individuals whose family members or employees cannot serve as Independent Directors.
|
Organizations (3)
| Name | Type | Context |
|---|---|---|
| KUE |
The entity issuing Partnership Units and subject to Initial Listing.
|
|
| New York Stock Exchange (NYSE) |
Referenced for the definition of 'independent director' (Rule 303A.02).
|
|
| House Oversight Committee |
Implied by the document stamp 'HOUSE_OVERSIGHT_024466'.
|
Timeline (2 events)
First closing of the offering
Relationships (2)
Outside Investor appoints two directors of the General Partner.
Independent Directors cannot be Principals or their family members/employees.
Key Quotes (3)
"The General Partner will have a Board of Directors initially consisting of up to 13 persons."Source
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Quote #1
""Initial Listing" means a listing on a recognized international securities exchange with a substantially concurrent underwritten offering generating gross proceeds of U.S. $200 million or more."Source
HOUSE_OVERSIGHT_024466.jpg
Quote #2
"the outside Investor... shall have the right to appoint additional directors as required to maintain a ratio of such Investor's designees to total Board members of not less than 2/15ths."Source
HOUSE_OVERSIGHT_024466.jpg
Quote #3
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