Business Context and Reporting Period
This Form 8-K Current Report was filed by Delek US Holdings, Inc. and Delek Logistics Partners, LP on April 16, 2026. The report details a leadership transition within the Company's refining operations effective April 20, 2026.
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 corporate governance and personnel changes rather than financial performance.
Material Changes
- Appointment: Amber Russell was appointed as Executive Vice President, Refining, effective April 20, 2026.
- Departure: Joseph Israel departed from his positions as Executive Vice President, Refining and Renewables, and as an executive officer of Delek Logistics Partners, LP, effective April 20, 2026.
Management Commentary, Risks, and Unusual Items
Management Commentary: Ms. Russell brings nearly three decades of energy industry experience, having previously served as Senior Vice President for bp Solutions and in leadership roles at ExxonMobil.
Compensatory Arrangements: In connection with Mr. Israel's departure, the Company entered into a separation agreement. Benefits include entitlements under Section 10(c) of his Executive Employment Agreement and eighteen months of group medical continuation coverage under COBRA. The agreement includes customary general release of claims and non-disparagement provisions.
Regulation FD Disclosure: The Company issued a press release regarding this transition on April 20, 2026, furnished as Exhibit 99.1.
Investor Verification Checklist
- Verify the effective date of the leadership transition (April 20, 2026).
- Review the specific terms of the separation agreement for Joseph Israel, particularly the COBRA coverage duration.
- Confirm Amber Russell's prior tenure and roles at bp and ExxonMobil.
- Check for any subsequent filings regarding the impact of this transition on refining operations strategy.