Business Context and Reporting Period
This Form 8-K filing by Delek Logistics Partners, LP, dated January 18, 2013, reports a change in senior management. The registrant is a Delaware limited partnership headquartered in Brentwood, Tennessee.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margin, debt, or liquidity metrics. The only financial figure disclosed is a separation payment of $210,000 to the departing Chief Financial Officer.
Material Changes
- Appointment: Assaf Ginzburg was appointed Chief Financial Officer of Delek Logistics GP, LLC (the General Partner) effective January 18, 2013. He previously served as Executive Vice President of the General Partner since April 2012 and has been with the parent company, Delek US Holdings, Inc., since 2005.
- Departure: Mark B. Cox ceased serving as Chief Financial Officer on January 18, 2013. He will remain as Executive Vice President until his employment ends on March 31, 2013.
- Compensation: Mr. Cox will receive a separation payment of $210,000 plus other contractual benefits upon the conclusion of his employment.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, management commentary on operations, or discussion of risks and contingencies. The document is strictly limited to the announcement of the officer appointment and departure.
Investor Verification Checklist
- Verify the effective date of Assaf Ginzburg's new role as CFO (January 18, 2013).
- Confirm the end date of Mark B. Cox's employment (March 31, 2013).
- Review the attached press release (Exhibit 99.1) for additional context on the leadership transition.