Delek Logistics Partners, LP 8-K, filed Feb 25, 2020
Delek Logistics Partners, LP (DKL)
8-K
2020-02-25
For: 2020-02-25
View Original
Added on
July 04, 2026
About this 8-K
Delek Logistics Partners, LP filed this 8-K on February 25, 2020.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | |
 | |||
(Address of Principal Executive) | (Zip Code) | ||
(615 ) 771-6701
(Registrant’s telephone number, including area code)
Not Applicable
(Former name, former address and former fiscal year, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class | Trading Symbol | Name of Each Exchange on Which Registered | |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 25, 2020, Mr. Assi Ginzburg notified Delek Logistics Partners, LP (the “Partnership”) that he will be leaving his role as Executive Vice President and Chief Financial Officer on or around May 5, 2020 to pursue other opportunities. Mr. Ginzburg will continue to serve as CFO until May 2020 to ensure a smooth transition. Mr. Ginzburg’s decision to leave the Partnership was not a result of any disagreement with the Partnership or its management on any matter relating to the Partnership’s operations or practices.
The Partnership has initiated a search to find a replacement CFO.
Item 7.01 Regulation FD Disclosure.
On February 25, 2020, the Partnership issued a press release announcing the departure of Mr. Ginzburg. A copy of the press release is attached as Exhibit 99.1.
The information in this Item 7.01 is being furnished, not filed, pursuant to Regulation FD. Accordingly, the information in Item 7.01 of this report will not be incorporated by reference into any registration statement filed by the Partnership under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference. The furnishing of the information in this report is not intended to, and does not, constitute a determination or admission by the Partnership that the information in this report is material or complete, or that investors should consider this information before making an investment decision with respect to any security of the Partnership or any of its affiliates.
Item 9.01 Financial Statements and Exhibits.
(a) Financial statements of businesses acquired.
Not applicable.
(b) Pro forma financial information.
Not applicable.
(c) Shell company transactions.
Not applicable.
(d) Exhibits.
104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: February 25, 2020 | DELEK LOGISTICS PARTNERS, LP |
/s/ Regina B. Jones | |
Name: Regina B. Jones | |
Title: Executive Vice President, General Counsel and Secretary | |
Delek US and Delek Logistics Announce Chief Financial Officer Transition
Brentwood, Tenn., February 25, 2020 – Delek US Holdings, Inc. (NYSE: DK) (“Delek US”) and Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) today announced that Mr. Assi Ginzburg, Executive Vice President and Chief Financial Officer, has informed them that he will not renew his employment contract to pursue other opportunities. Assi will remain in his current role until May to ensure a smooth transition. Delek US and Delek Logistics Partners are in the process of identifying Mr. Ginzburg’s replacement.
Regarding the CFO transition, Uzi Yemin, Chairman, President and Chief Executive Officer of Delek US and Chairman and Chief Executive Officer of Delek Logistics GP, the general partner of Delek Logistics, stated, “Delek would not be what it is today without Assi’s invaluable contributions since joining the company in 2004. I wish Assi the best of luck as he has decided to pursue opportunities that will allow him to be closer to his family and I would like to thank his family for their support over the years.”
About Delek Logistics Partners, LP
Delek Logistics Partners, LP, headquartered in Brentwood, Tennessee, was formed by Delek US Holdings, Inc. (NYSE: DK) to own, operate, acquire and construct crude oil and refined products logistics and marketing assets.
About Delek US Holdings, Inc.
Delek US Holdings, Inc. is a diversified downstream energy company with assets in petroleum refining, logistics, asphalt, renewable fuels and convenience store retailing. The refining assets consist of refineries operated in Tyler and Big Spring, Texas, El Dorado, Arkansas and Krotz Springs, Louisiana with a combined nameplate crude throughput capacity of 302,000 barrels per day.
The logistics operations consist of Delek Logistics. Delek US and its affiliates also own approximately 63 percent (including the 2 percent general partner interest) of Delek Logistics. Delek Logistics is a growth-oriented master limited partnership focused on owning and operating midstream energy infrastructure assets.
The convenience store retail business operates approximately 258 convenience stores in central and west Texas and New Mexico.
Investor Relations Contacts:
Blake Fernandez, Senior Vice President of Investor Relations and Market Intelligence, 615-224-1312
Jeb Bachmann, Manager of Investor Relations and Market Intelligence, 615-224-1118
Lenny Raymond, Manager of Investor Relations and Market Intelligence, 615-224-0828
Keith Johnson, Vice President of Investor Relations, 615-435-1366
Media/Public Affairs Contact:
Michael P. Ralsky, Vice President - Government Affairs, Public Affairs & Communications, 615-435-1407