Business Context and Reporting Period
This Form 8-K Current Report was filed by Delek Logistics Partners, LP on August 16, 2019. The filing reports on corporate governance changes effective as of August 16, 2019, and August 22, 2019.
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 personnel changes and does not contain financial performance data.
Material Changes
- Departure: Alan Moret retired as President of Delek Logistics GP, LLC (the General Partner) effective August 16, 2019.
- Appointment: Ezra Uzi Yemin was appointed President of the General Partner effective August 22, 2019.
- Reporting Structure: The Partnership's SVP of Operations will report to Mr. Yemin.
Management Commentary and Compensation
Mr. Yemin currently serves as Chairman and CEO of the General Partner (since 2012) and Chairman, CEO, and President of Delek US Holdings, Inc. (since 2012, 2004, and 2001, respectively). Because Mr. Yemin is an employee of Delek US Holdings, Inc. and not directly employed by the General Partner or the Partnership, he will receive no additional compensation for this new appointment.
Investor Verification Checklist
- Confirm the effective date of Ezra Uzi Yemin's new role as President of the General Partner (August 22, 2019).
- Verify that no additional compensation is being paid to Mr. Yemin for this specific appointment.
- Review the updated organizational chart to confirm the SVP of Operations now reports to Mr. Yemin.