DELEK US HOLDINGS, INC. (NYSE:DK) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d)On July 8, 2017, the members of the Board of Directors (the “Board”) of Delek US Holdings, Inc. (the “Company”) elected David Wiessman to a newly created Board seat. Mr. Wiessman will hold office through the Company’s 2018 annual meeting of stockholders and until the election and qualification of his successor or earlier termination of service.
to Section 7.21 of the Agreement and Plan of Merger among Delek US Holdings, Inc. (now known as Delek US Energy, Inc.) (“Old Delek”), Alon USA Energy, Inc. (“Alon”), the Company, Dione Mergeco, Inc., and Astro Mergeco, Inc., as amended by the First Amendment to Agreement and Plan of Merger, dated as of February 27, 2017, and the Second Amendment to Agreement and Plan of Merger, dated as of April 21, 2017 (collectively, the “Merger Agreement”), the Independent Director Committee of the Board of Directors of Alon designated Mr. Wiessman to be elected to the Company’s Board of Directors within 30 days after the closing of the merger provided by the Merger Agreement, which was effective as of July 1, 2017.
The Board has not appointed Mr. Wiessman to any Board committee. Since August 2012, Mr. Wiessman has also served as the Chairman of the Board of Directors of Alon USA Partners GP, LLC, the general partner of Alon USA Partners, LP, an affiliate of the Company. Mr. Wiessman has not been and is not a party to any transaction or proposed transaction with the Company that would be required to be reported to Item 404(a) of Regulation S-K. Mr. Wiessman’s compensation will be consistent with the current director compensation program previously disclosed under the heading “Compensation of Directors in 2016” in Old Delek’s proxy statement filed with the Securities and Exchange Commission on April 6, 2017.
Item 9.01Financial Statements and Exhibits
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(a) |
Financial statements of businesses acquired. |
Not applicable.
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(b) |
Pro forma financial information. |
Not applicable.
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(c) |
Shell company transactions. |
Not applicable.
None.
About DELEK US HOLDINGS, INC. (NYSE:DK)
Delek US Holdings, Inc. is an integrated energy business focused on petroleum refining, the transportation, storage and wholesale of crude oil, intermediate and refined products and convenience store retailing. The Company operates through three segments: Refining, Logistics and Retail. Its Refining Segment operates independent refineries in Tyler, Texas, and El Dorado, Arkansas with a combined design crude distillation capacity of approximately 155,000 barrels per day (bpd). The Logistics Segment gathers, transports and stores crude oil and markets, distributes, transports and stores refined products in select regions of the southeastern United States and west Texas for both its refining segment and third parties. Its Retail Segment markets gasoline, diesel, other refined petroleum products and convenience merchandise through a network of over 360 Company-operated retail fuel and convenience stores located in Alabama, Arkansas, Georgia, Kentucky, Mississippi, Tennessee and Virginia.