ALON USA ENERGY, INC. (NYSE:ALJ) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
(the “Company”) approved the payment of cash bonuses under the
Company’s 2005 Incentive Compensation Plan based on performance in
the fiscal year ended December 31, 2016. As a result, on May 26,
2017, the Company paid cash bonuses to the Company’s named
executive officers.
the filing of the Company’s Amendment No. 1 to Form 10-K (the Form
10-K/A) and were therefore not included in the Non-Equity Incentive
Plan Compensation column contained in the Summary Compensation
Table set forth therein. The amount awarded to the Company’s named
executive officers is set forth below in the Non-Equity Incentive
Plan Compensation column as well as the amount of compensation that
would have been reflected in the Total column of the Summary
Compensation Table had the amounts of these awards been determined
prior to the filing of the Form 10-K/A. Previous amounts reported
in the Non-Equity Incentive Plan Compensation column have been
omitted.
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Name and Principal Position
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Non-Equity Incentive Plan Compensation ($)
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Total
($)
|
||||
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Paul Eisman
|
|
$
|
102,115
|
|
|
$
|
4,299,944
|
|
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Former Chief Executive Officer (PEO)
|
|
|
|
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Shai Even
|
|
62,270
|
|
728,223
|
||||
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Senior Vice President and Chief Financial Officer (PFO)
|
|
|
|
|
||||
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Jeff Morris
|
|
29,728
|
|
|
1,365,121
|
|
||
|
Vice Chairman of the Board – Alon USA Partners, LP
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|
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|
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Jimmy Crosby
|
|
54,346
|
|
829,268
|
||||
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Senior Vice President Refining
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|
|
|
|
||||
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James Ranspot
|
|
54,256
|
|
|
664,625
|
|
||
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Senior Vice President General Counsel
|
|
|
|
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About ALON USA ENERGY, INC. (NYSE:ALJ)
Alon USA Energy, Inc. is an independent refiner and marketer of petroleum products, operating primarily in the South Central, Southwestern and Western regions of the United States. The Company operates through three segments: refining and marketing, asphalt and retail. Its refineries produce petroleum products, including various grades of gasoline, diesel fuel, jet fuel, petrochemicals, petrochemical feedstocks, asphalt and other petroleum-based products. The Company holds interests in Alon USA Partners, LP, which owns a crude oil refinery in Big Spring, Texas. The Company’s refining and marketing segment includes sour crude oil refinery located in Big Spring, Texas, a light sweet crude oil refinery located in Krotz Springs, Louisiana and heavy crude oil refineries located in Paramount, Bakersfield and Long Beach, California (California refineries). It owns or operates approximately 10 asphalt terminals. It operates approximately 310 owned and leased convenience store sites. ALON USA ENERGY, INC. (NYSE:ALJ) Recent Trading Information
ALON USA ENERGY, INC. (NYSE:ALJ) closed its last trading session up +0.07 at 12.77 with 281,866 shares trading hands.
