Business Context and Reporting Period
This Form 8-K Current Report was filed by Delek Logistics Partners, LP on January 5, 2022. The report addresses a change in key personnel, specifically the departure of the Chief Accounting Officer and the appointment of a successor.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and personnel changes rather than financial performance.
Material Changes
- Departure: Nilah Staskus resigned as Senior Vice President and Chief Accounting Officer of Delek US Holdings, Inc. and its subsidiaries, including Delek Logistics Partners, LP, effective January 24, 2022.
- Reason for Departure: The resignation was not the result of any disagreement with management or the board of directors.
- Appointment: Robert Wright, currently Vice President and Corporate Controller, was appointed as the new principal accounting officer, effective January 24, 2022.
Management Commentary and Risks
Successor Background: Robert Wright, age 38, has served with Delek since October 2020. Prior experience includes roles at CVR Energy, Inc. and over 12 years as an external audit senior manager at PricewaterhouseCoopers (PwC). He holds a Bachelor of Commerce Degree and is a Certified Public Accountant in Texas and Virginia.
Compensation: As of the filing date, no new compensatory arrangements were entered into with Mr. Wright in connection with his appointment.
Risks and Contingencies: The filing does not disclose new material risks, contingencies, or unusual items beyond the standard personnel transition.
Investor Verification Checklist
- Confirm the effective date of the leadership transition (January 24, 2022).
- Verify that no undisclosed disagreements existed regarding the resignation of the former Chief Accounting Officer.
- Review future filings for any subsequent changes to Mr. Wright's compensation package.
- Monitor upcoming quarterly reports (10-Q) or annual reports (10-K) for financial performance data, as this 8-K contains none.