Business Context and Reporting Period
This Form 8-K, dated April 1, 2025, reports a change in executive leadership for Delek US Holdings, Inc. and Delek Logistics Partners, LP. The filing details the appointment of Robert Wright to a new senior financial role within the Partnership.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on personnel changes and associated compensation arrangements.
Material Changes
Robert Wright has been appointed as Executive Vice President and Chief Financial Officer of Delek Logistics Partners, LP, effective April 1, 2025. He will continue in his current roles at Delek US Holdings, Inc. until November 15, 2025, at which time he is scheduled to be promoted to Executive Vice President of the Company. Mark Hobbs will remain as the Company's Chief Financial Officer.
Compensation and Management Commentary
- Base Salary: $450,000 annually, increasing to $500,000 effective November 15, 2025.
- Target Bonus: 60% of base compensation, increasing to 75% effective November 15, 2025.
- Long-Term Incentives: An annual award valued at $500,000, effective November 15, 2025.
- Severance Contingency: If the promotion to Executive Vice President at the Company does not occur by November 15, 2025, Mr. Wright is entitled to severance provided to EVPs upon a change in control should he resign by March 31, 2026.
Investor Verification Checklist
- Verify the effective dates of Mr. Wright's new titles and compensation adjustments.
- Confirm the continued tenure of Mark Hobbs as CFO of Delek US Holdings, Inc.
- Review the specific terms of the severance package contingent on the November 15, 2025 promotion timeline.
- Note that no financial results or operational metrics are disclosed in this specific filing.