Delek Logistics Partners, LP - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Delek Logistics Partners, LP (the "Partnership") on June 9, 2021. The report details corporate governance actions taken by the Board of Directors of Delek Logistics GP, LLC, the general partner of the Partnership.
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 the amendment of a long-term incentive plan and does not contain financial performance data.
Material Changes
The primary material change reported is the amendment of the Delek Logistics GP, LLC 2012 Long-Term Incentive Plan (the "Plan"). Key changes include:
- Authorized Units Increase: The number of Common Units authorized for issuance under the Plan was increased from 612,207 to 912,207.
- Term Extension: The term of the Plan was extended to June 9, 2031.
- Registration: A registration statement on Form S-8 was filed to register the additional Common Units.
Guidance, Outlook, and Risks
The filing contains no management commentary regarding future guidance, outlook, risks, contingencies, or unusual items. The document is strictly procedural regarding the incentive plan amendment.
Key Facts for Investor Verification
- Verify the total number of Common Units now authorized under the amended 2012 Long-Term Incentive Plan (912,207).
- Confirm the new expiration date of the incentive plan (June 9, 2031).
- Review the full text of the amended plan filed as Exhibit 10.1 for specific award terms and conditions.
- Note that this filing does not impact the Partnership's immediate financial statements or operational metrics.