Company: DK
Filing Date: 2025-04-04
Form Type: 8-K
Source: 0001552797-25-000046
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Company: Delek US Holdings, Inc.
Filing Date: 2025-04-04
Form: 8-K
Item: Item 5.02
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Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Delek US Holdings, Inc. (the “ Company”) and Delek Logistics Partners, LP (the “ Partnership”) announced that Robert Wright, the Senior Vice President, Deputy Chief Financial Officer, and Chief Accounting Officer of the Company and the Partnership, will serve in addition as Executive Vice President and Chief Financial Officer of the Partnership, effective April 1, 2025. Mr. Wright will continue to serve in his current role at the Company until November 15, 2025, at which time Mr. Wright will also be promoted to Executive Vice President of the Company. Mark Hobbs will continue to serve as the Company’s Chief Financial Officer.

Mr. Wright, age 41, has served in his current role since February 2024, after serving as Vice President and Corporate Controller since October 2020. Prior to joining the Company and the Partnership, Mr. Wright served as the director of finance, corporate governance and reporting, for CVR Energy, Inc. and its subsidiary CVR Partners LP from September 2018 until October 2020. Mr. Wright also served as an external audit senior manager for PricewaterhouseCoopers ("PwC") in the United States, Australia and Canada for over 12 years, where he conducted audit and consulting services for PwC. Mr. Wright holds a Bachelor of Commerce degree from the University of Alberta and a Master of Business Administration degree from Florida International University, and he has qualified as a Certified Public Accountant in Texas and Virginia since March 2013 and a member with distinction of the Canadian Institute of Chartered Accountants since December 2007.

In connection with Mr. Wright’s appointment as Executive Vice President and Chief Financial Officer of the Partnership, Mr. Wright will receive a base salary of $450,000 which will increase to $500,000 effective November 15, 2025. Mr. Wright will have an annual target bonus opportunity at 60% of base compensation which will increase to 75% of base compensation effective November 15, 2025. Effective November 15, 2025, Mr. Wright will be entitled to an annual long term incentive award valued at $500,000. In the event Mr. Wright’s promotion to Executive Vice President at the Company does not occur by November 15, 2025, then Mr. Wright will be entitled to receive