# EDGAR Filing Document

**Accession Number:** 0001694426
**File Stem:** 0001140361-23-013621
**Filing Date:** 2023-3
**Character Count:** 11138
**Document Hash:** c8f1b453782b55daf316c6e9da76936e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-23-013621.hdr.sgml**: 20230324

**ACCESSION NUMBER**: 0001140361-23-013621

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20230321

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230324

**DATE AS OF CHANGE**: 20230324

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Delek US Holdings, Inc.
- **CENTRAL INDEX KEY:** 0001694426
- **STANDARD INDUSTRIAL CLASSIFICATION:** PETROLEUM REFINING [2911]
- **IRS NUMBER:** 352581557
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38142
- **FILM NUMBER:** 23758061

**BUSINESS ADDRESS:**
- **STREET 1:** 7102 COMMERCE WAY
- **CITY:** BRENTWOOD
- **STATE:** TN
- **ZIP:** 37027
- **BUSINESS PHONE:** 615-721-3715

**MAIL ADDRESS:**
- **STREET 1:** 7102 COMMERCE WAY
- **CITY:** BRENTWOOD
- **STATE:** TN
- **ZIP:** 37027

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Delek Holdco, Inc.
- **DATE OF NAME CHANGE:** 20170111

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### 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
March 21, 2023

*Date of Report (Date of earliest event reported)*

## DELEK US HOLDINGS, INC.
*(Exact name of registrant as specified in its charter)*

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| | | |
|:---|:---|:---|
| **Delaware**<br>| **001-38142**<br>| **35-2581557**<br>|
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |

---

![graphic](image00002.jpg)

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| | | | |
|:---|:---|:---|:---|
| **310 Seven Springs Way, Suite 500** | **Brentwood**<br>| **Tennessee**<br>| **37027**<br>|
| (Address of Principal Executive) |  |  | (Zip Code) |

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(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:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | |
|:---|:---|
| Title of each class | Name of each exchange on which registered |
| Common Stock, $0.01 par value<br>DK<br>| New York Stock Exchange<br>|

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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. ☐

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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.** |

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*Senior Leadership Changes*

On March 24, 2023, Delek US Holdings, Inc. (the "Company") announced the following changes to its senior leadership team:

- Joseph Israel will join the Company as Executive Vice President, Operations, effective March 27, 2023, and will be responsible for refining operations at the Company and logistics operations at Delek Logistics Partners, LP.

- Tommy Chavez will be named Senior Vice President, Refining, effective April 10, 2023, and will oversee refining operations at the Company.

- On March 21, 2023, Todd O'Malley, the Company's Executive Vice President and Chief Operating Officer, resigned to pursue other opportunities and will remain with the company until September 22, 2023 to ensure a smooth transition.

- On March 23, 2023, Nithia Thaver, the Company's Executive Vice President, President of Refining, announced he will depart the company. Mr. Thaver is pursuing other opportunities and will remain at the company until May 21, 2023, to ensure an orderly transition.

*CFO Employment Agreement Amendment*

On March 23, 2023, the Company entered into a First Amendment to Executive Employment Agreement (the "Amendment") with Reuven Spiegel, the Company's Executive Vice President and Chief Financial Officer. The Amendment, which is effective as of March 1, 2023, extends the term of Mr. Spiegel's existing employment agreement to run through December 31, 2024, increases Mr. Spiegel's base compensation to $600,000 annually, establishes Mr. Spiegel's annual target bonus at 90% of base compensation and provides for a grant of $1,100,000 of RSUs, 50% of which are time-vesting RSUs and 50% of which are performance-based vesting RSUs. The Amendment also provides that upon the end of the term, or earlier if Mr. Spiegel provides at least three months' notice of resignation, the Company will enter into a consulting arrangement with Mr. Spiegel with base compensation of $400,000 over a 12-month period. All other provisions of Mr. Spiegel's existing employment agreement remain unchanged.

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| | |
|:---|:---|
| **Item 7.01** | **Regulation FD.** |

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On March 24, 2023, the Company issued a press release concerning the senior leadership changes mentioned above. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.

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| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.** |

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(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exhibits.

[99.1](brhc10050175_ex99-1.htm) Press release issued March 24, 2023. <br>104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

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#### 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.

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| | |
|:---|:---|
| Dated: March 24, 2023 | DELEK US HOLDINGS, INC. |
|  | /s/ Denise McWatters |

---

Name: Denise McWatters <br> Title: Executive Vice President, General Counsel and Corporate Secretary

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## Exhibit 99.1

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**Exhibit 99.1**<br>

#### Delek US Announces Senior Leadership Changes

Joseph Israel appointed EVP, Operations

Tommy Chavez named SVP, Refining Operations

**BRENTWOOD, Tenn., March 24, 2023** – Delek US Holdings, Inc. (NYSE:DK) today announced changes to its senior leadership team:

<br> - Joseph Israel named Executive Vice President, Operations for Delek US and Delek Logistics effective March 27, 2023.

<br> - Tommy Chavez named Senior Vice President, Refining Operations effective April 10, 2023.

<br> - Todd O'Malley, Executive Vice President and Chief Operating Officer, pursuing other opportunities.

<br> - Nithia Thaver, Executive Vice President & President of Refining, pursuing other opportunities.

Israel and Patrick Reilly, who was named Executive Vice President and Chief Commercial Officer on March 1, 2023, will split O'Malley's responsibilities. Israel and Reilly will report to Delek's President and CEO Avigal Soreq. Israel will be responsible for refining operations at Delek US and for logistics operations at Delek Logistics Partners LP. Chavez will report to Israel and will oversee refining operations at Delek US. O'Malley will be available through September 22, 2023, and Thaver until May 21, 2023, to ensure a smooth transition.

Israel is an industry veteran with over 25 years of energy experience and a proven track record of driving operational excellence. Most recently, he served as President & CEO, Par Petroleum LLC, a subsidiary of Par Pacific. He also served as Senior Vice President, Par Pacific Holdings, and a Member of Par Pacific's Board of Directors. In these roles, he led operations for Par's integrated refining and logistics system, including 154,000 barrels per day of refining capacity. Israel has also held leadership positions at Hunt Refining Company and Alon USA, which was acquired by Delek US in 2017.

"I look forward to working with the leadership team to execute Delek's strategic plan," said Israel. "The Company is well-positioned for growth and I'm excited to join the organization at this time."

Chavez brings over three decades of refining experience, most recently with TotalEnergies SE where he held the position of General Manager, Port Arthur Refinery and Petrochemical Complex. He has also served as a refinery General Manager and Vice President, Operations Excellence for Marathon. Chavez served for 20 years at Phillips 66 delivering results in technical, HSE, and operations roles.

Avigal Soreq, President and CEO, commented, "We are very pleased to welcome Joseph and Tommy to the Delek team. Their extensive relevant experience will allow them to quickly make a positive impact as we work to be an industry leader in safe, reliable, and environmentally responsible operations and to drive shareholder return."

Soreq added, "I'd like to thank Todd and Nithia for their many contributions to Delek and for their commitment to ensuring a smooth leadership transition. They have been an important part of our success and we wish them both the best in their future endeavors."

#### 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 the general partner and an approximate 80 percent limited partner interest in 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 250 convenience stores in central and west Texas and New Mexico.

#### Investor Relations Contacts:
Rosy Zuklic, Vice President of Investor Relations, 615-767-4344

#### Media/Public Affairs Contact:
Michael P. Ralsky, Vice President - Public Affairs & ESG, 615-435-1407

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