CALUMET SPECIALTY PRODUCTS PARTNERS, L.P. (NASDAQ:CLMT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On April 17, 2017, the Board of Directors of the Company appointed D. West Griffin as the Company’s principal accounting officer effective immediately, replacing R. Patrick Murray, II. The new role is in addition to Mr. Griffin’s existing roles as Executive Vice President and Chief Financial Officer of the Company.

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

On April 17, 2017 (the “Effective Date”), Calumet GP, LLC (the “Company”), the general partner of Calumet Specialty Products Partners, L.P. (the “Partnership”), entered into an Employment and Transition Agreement (the “Agreement”) with R. Patrick Murray, II, which replaces that certain Employment Agreement by and between Mr. Murray and the Company effective May 7, 2014. to the Agreement, Mr. Murray will no longer serve as the Vice President, Chief Accounting Officer and Assistant Secretary of the Company and will begin serving as Vice President – Special Projects of the Company. to the Agreement, Mr. Murray will be eligible for a one-time bonus of up to 150% of his current base salary in connection with successful implementation of the SAP enterprise software (the “SAP Bonus”). In the event that Mr. Murray’s employment is terminated by the Company without cause prior to successful implementation of the SAP enterprise software, Mr. Murray will be entitled to continued base salary payments for a period time that will not exceed six months after the separation date. In the event that Mr. Murray is terminated after receiving the SAP Bonus, he will not be entitled to any continued base salary payments. Upon any termination on or after successful implementation of the SAP enterprise software, Mr. Murray is entitled to receive (1) full acceleration of his unvested phantom units awarded under the Partnership’s Long-Term Incentive Plan; and (2) free and clear title to his Company vehicle with a tax gross up cash payment to offset the resulting income taxes.

About CALUMET SPECIALTY PRODUCTS PARTNERS, L.P. (NASDAQ:CLMT)
Calumet Specialty Products Partners, L.P. is a producer of specialty hydrocarbon products. The Company operates through three segments. In its specialty products segment, the Company processes crude oil and other feedstocks into a range of customized lubricating oils, white mineral oils, solvents, petrolatums and waxes. Its specialty products are sold to domestic and international customers using its products as raw material components. It also blends and market specialty products through its Royal Purple, Bel-Ray, TruFuel and Quantum brands. In its fuel products segment, the Company processes crude oil into a range of fuel and fuel-related products, including gasoline, diesel, jet fuel, asphalt and heavy fuel oils, and resells purchased crude oil to third-party customers. Its oilfield services segment manufactures and markets products and provides oilfield services, including drilling fluids, completion fluids and solids control services to the oil and gas exploration industry. CALUMET SPECIALTY PRODUCTS PARTNERS, L.P. (NASDAQ:CLMT) Recent Trading Information
CALUMET SPECIALTY PRODUCTS PARTNERS, L.P. (NASDAQ:CLMT) closed its last trading session 00.00 at 3.55 with 210,785 shares trading hands.