Business Context and Reporting Period
This Form 8-K filing by Delek Logistics Partners, LP covers the date of March 5, 2019. The report focuses on a significant executive leadership change within the company's management structure.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is a current report regarding personnel changes and does not contain financial statement data.
Material Changes
The primary material change reported is the appointment of Mr. Assi Ginzburg as the Chief Financial Officer (CFO) of Delek Logistics GP, LLC (the General Partner) and Delek U.S. Holdings, Inc. effective March 5, 2019. Mr. Ginzburg succeeds Mr. Kevin Kremke, who will remain with the company as an Executive Vice President to assist with the transition.
Outlook and Management Commentary
Management commentary is limited to the announcement of the leadership transition. Mr. Ginzburg is a long-tenured executive who joined Delek in 2004. He previously served as CFO for the General Partner and Delek from January 2013 to June 2017 and has been a member of the Board of Directors and Executive Vice President of the General Partner since April 2012. No specific guidance, risks, or contingencies are detailed in this filing.
Investor Verification Points
- Confirm the effective date of Mr. Ginzburg's appointment as CFO (March 5, 2019).
- Verify the transition plan for Mr. Kevin Kremke, who remains as Executive Vice President.
- Review Mr. Ginzburg's prior tenure and roles within the organization to assess continuity.
- Note that this filing contains no financial performance data; refer to recent 10-Q or 10-K filings for financial metrics.