Business Context and Reporting Period
This Form 8-K Current Report was filed by Delek Logistics Partners, LP on February 1, 2021, regarding events occurring on January 26, 2021. The filing focuses on corporate governance changes rather than financial performance.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is not a financial statement filing and contains no quantitative financial data.
Material Changes
The primary material change reported is the appointment of Sherri A. Brillon to the Board of Directors of Delek Logistics GP, LLC (the General Partner), effective January 26, 2021. Ms. Brillon was simultaneously appointed to the Audit Committee and has been determined to meet independence standards required by the SEC and the New York Stock Exchange.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, or management commentary regarding future financial performance. No new risks or contingencies were disclosed. Regarding compensation, Ms. Brillon will receive compensation consistent with the Company's program for non-employee directors but was not granted an equity award at the time of her appointment. No arrangements or understandings influenced her selection.
Investor Verification Checklist
- Verify the effective date of Sherri A. Brillon's appointment (January 26, 2021).
- Confirm Ms. Brillon's assignment to the Audit Committee.
- Note that no equity awards were granted upon appointment.
- Review the attached press release (Exhibit 99.1) for additional context on the appointment.