Stonemor Partners Case

Rebecca Lamb Jessica Avalos Leah Anderson
Stonemor Partners LP Stonemor Partners' primary sources of liquidity is cash flow from operations and amounts available under their Credit Facility. In the past the company been able to increase their liquidity through long-term bank borrowings and the issuance of additional common units and other partnership securities, including debt, subject to the restrictions in their Credit Facility and under their senior secured notes. The cash that was generated from their operations borrowing from their Credit Facility would be sufficient for the company meet the capital requirements for the future. Cash flows provided by operating activities were $31.9 million during 2012,
These statements are made because the company can not predict any risks and uncertainties they may come across that can potentially cause to differ materially. These statements include but are not limited to: uncertainties associated with future revenue and revenue growth; the effect of the current economic downturn; the impact of their significant leverage on their operating plans; their ability to service their debt pay distributions; the decline in the fair value of certain equity and debt securities held in their trusts; their ability to attract, train, and retain an adequate number of sales people; uncertainties associated with the volume and timing of pre-need sales of cemetery services and products; increased use of cremation; changes in the death rate; changes in the political or regulatory environments, including potential changes in tax accounting and trusting policies; their ability to successfully implement a strategic plan relating to achieving operating improvements, strong cash flows and further deleveraging; their ability to successfully compete in the cemetery and funeral home industry; uncertainties associated with the integration or anticipated benefits of our recent acquisitions or any future acquisitions; their ability to complete and fund additional acquisitions; their ability to maintain effective disclosure controls and procedures and internal
These programs include short-term elements, such as annual base salary and annual incentive cash bonus and also equity based awards, which are longer term elements. Officers will also receive health, disability and life insurance benefits and automobile allowances and they are also entitled to a defer portion of their compensation pursuant to the company's 401k retirement plan. According to the report, these programs are designed to bring in and retain high quality executive officers so that they can be motivated to achieve the company's business goals and maximize the value of their unitholders' investment by aligning the interests of their executive officers with the interests of the company's unitholders. The business goals for these compensation programs include an increase in revenue, profits and cash distributions from existing operations, facilitate the growth of the business through acquisitions, promote a cohesive team effort and provide a workplace environment that fosters compliance with the laws and regulations applicable to the business. The elements to further the business goals of the compensation program don't have a special formula for allocating between long or short-term compensations, cash or non-cash or different forms of non-cash compensation. These are determined by the board