Ferrellgas director J. Carney Hawks removed from board
Ferrellgas Partners, L.P. reports that on May 18, 2026, J. Carney Hawks was removed from the Board of Directors of Ferrellgas, Inc., the general partner of Ferrellgas Partners, L.P. and Ferrellgas, L.P.
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Form Type
8-K
Rhea-AI Filing Summary
Ferrellgas Partners, L.P. reports that on May 18, 2026, J. Carney Hawks was removed from the Board of Directors of Ferrellgas, Inc., the general partner of Ferrellgas Partners, L.P. and Ferrellgas, L.P.
The company states that Mr. Hawks’ removal was not related to any disagreement over operations, policies, or practices. He had been appointed in 2021 under a voting agreement giving holders of Class B Units the right to designate one independent director. That right ended after all Class B Units were converted into Class A Units on March 16, 2026.
8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
Director removal date: May 18, 2026
Class B Unit conversion date: March 16, 2026
Filing period reference: May 18, 2026
+1 more
4 metrics
Director removal date
May 18, 2026
Date J. Carney Hawks was removed from Ferrellgas, Inc. Board
Class B Unit conversion date
March 16, 2026
Date all Class B Units converted into Class A Units
Filing period reference
May 18, 2026
Date referenced under Exchange Act Sections 13 or 15(d)
Signature date
May 20, 2026
Date the report was signed for each registrant
Key Terms
Emerging growth company, general partner, Class B Units, voting agreement, +1 more
5 terms
Emerging growth company regulatory
"Ferrellgas Partners, L.P. Emerging growth company Ferrellgas Partners Finance Corp. Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
general partner financial
"Ferrellgas, Inc., the general partner of Ferrellgas Partners, L.P. and Ferrellgas, L.P."
A general partner is the person or firm that runs an investment partnership and legally represents it — they make the day-to-day decisions, choose which assets to buy or sell, and are responsible for the partnership’s obligations. Investors care because the general partner’s judgment, risk-taking and fee and profit-sharing arrangements determine both the potential returns and the level of exposure to losses; think of the GP as the ship’s captain whose skill and honesty shape the voyage’s outcome.
Class B Units financial
"holders of Class B Units of Ferrellgas Partners, L.P., pursuant to which holders of such Class B Units were permitted to designate one independent director"
voting agreement financial
"a voting agreement among Ferrellgas, Inc., Ferrell Companies, Inc. and the holders of Class B Units"
A voting agreement is a legally binding pact in which shareholders promise to cast their votes the same way on certain corporate matters, such as electing directors or approving a merger. It matters to investors because it changes who controls company decisions and makes outcomes more predictable—like a group of neighbors agreeing in advance to vote the same way on a community rule, it can strengthen or limit the influence of other shareholders and affect the company’s future direction.
Class A Units financial
"on March 16, 2026, all of the outstanding Class B Units were converted into Class A Units of Ferrellgas Partners, L.P."
Class A units are a specific type of ownership stake in a company, fund, trust, or partnership that carries a defined set of rights—often different voting power, dividend priority, or fee arrangements—distinct from other classes of units. For investors they matter because those differences affect control, income and potential returns; think of two neighbors in the same building where one has a bigger say in decisions or a larger share of rental income.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Ferrellgas Partners (FGPR) disclose in this 8-K filing?
Ferrellgas Partners disclosed that director J. Carney Hawks was removed from the Board of Ferrellgas, Inc., its general partner. The company noted the removal was not due to any disagreement about operations, policies, or practices and is linked to prior changes in partnership unit structure.
Who is J. Carney Hawks and what changed regarding his role at Ferrellgas (FGPR)?
J. Carney Hawks served on the Board of Directors of Ferrellgas, Inc., the general partner of Ferrellgas Partners, L.P. On May 18, 2026, he was removed from the Board. The company states this change did not stem from any disagreement with its operations or policies.
Why was director J. Carney Hawks removed from the Ferrellgas, Inc. Board?
Hawks originally joined the Board in 2021 as the independent director designated by holders of Class B Units under a voting agreement. After all Class B Units converted into Class A Units on March 16, 2026, that designation right ended, and his Board role was subsequently removed.
How did the conversion of Class B Units affect Ferrellgas’ Board composition?
A prior voting agreement allowed Class B Unit holders to designate one independent director to the Board. When all Class B Units converted into Class A Units on March 16, 2026, that right expired. Hawks, who held that designated seat, was later removed following the structural change.
What entities are covered in this Ferrellgas (FGPR) 8-K report?
The report covers Ferrellgas Partners, L.P., Ferrellgas Partners Finance Corp., Ferrellgas, L.P., and Ferrellgas Finance Corp. Each registrant is organized in Delaware and shares principal executive offices at One Liberty Plaza in Liberty, Missouri, with a common telephone number listed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
