Business Context and Reporting Period
This Form 8-K filing by Delek US Holdings, Inc. and Delek Logistics Partners, LP reports executive management changes effective July 1, 2026. The report date is June 26, 2026.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margins, debt, or liquidity metrics. It focuses exclusively on personnel changes and associated compensation adjustments.
Material Changes
- Robert Wright: Appointed Chief Financial Officer (CFO) for Delek US Holdings, Inc., succeeding Mark Hobbs. He remains CFO of Delek Logistics Partners, LP. His annual base salary increased from $500,000 to $540,000, and his annual bonus target increased from 75% to 90% of base salary. Long-term incentive grants of $650,000 (March 2027) and $800,000 (March 2028) were added.
- Mark Hobbs: Transitioned from CFO to Executive Vice President, Logistics for both the Company and the Partnership.
- Misty Lavender: Appointed Executive Vice President, General Counsel, and Corporate Secretary, succeeding Denise McWatters.
- Denise McWatters: Transitioned to a consulting role effective July 1, 2026, with a two-year term and annual compensation of $250,000. No new equity awards were granted.
- Reuven Spiegel: Employment term extended through December 31, 2027.
- Mohit Bhardwaj: Appointed Executive Vice President, New Energy, Strategy & IR, leading the New Energy Business.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or discussion of risks and contingencies. It notes that the full text of the consulting agreement with Denise McWatters will be filed as an exhibit to the Form 10-Q for the quarter ending June 30, 2026.
Investor Verification Checklist
- Verify the exact terms of the consulting agreement with Denise McWatters in the upcoming Form 10-Q.
- Confirm the vesting schedules for existing equity awards held by departing executives.
- Monitor the impact of the leadership transition on the Company's New Energy Business strategy under Mohit Bhardwaj.