CVR Energy Inc. Files Definitive Proxy Statement

Ticker: CVI · Form: DEF 14A · Filed: Apr 17, 2024 · CIK: 1376139

Cvr Energy INC DEF 14A Filing Summary
FieldDetail
CompanyCvr Energy INC (CVI)
Form TypeDEF 14A
Filed DateApr 17, 2024
Risk Levellow
Pages16
Reading Time19 min
Key Dollar Amounts$4.50
Sentimentneutral

Sentiment: neutral

Topics: DEF 14A, Proxy Statement, Executive Compensation, Corporate Governance, CVR Energy

TL;DR

<b>CVR Energy Inc. has filed its Definitive Proxy Statement for the fiscal year ended December 31, 2023.</b>

AI Summary

CVR ENERGY INC (CVI) filed a Proxy Statement (DEF 14A) with the SEC on April 17, 2024. CVR Energy Inc. filed a Definitive Proxy Statement (DEF 14A) on April 17, 2024. The filing covers the fiscal year ending December 31, 2023. The company's principal executive offices are located in Sugar Land, Texas. The filing includes information related to equity awards granted in covered years for PEO members. The filing also details non-PEO/NEO members' equity awards.

Why It Matters

For investors and stakeholders tracking CVR ENERGY INC, this filing contains several important signals. This DEF 14A filing provides shareholders with crucial information regarding executive compensation, board nominations, and other corporate governance matters, enabling informed voting decisions. The detailed breakdown of equity awards for both PEO and non-PEO/NEO members offers transparency into the company's incentive structures and their alignment with shareholder interests.

Risk Assessment

Risk Level: low — CVR ENERGY INC shows low risk based on this filing. This is a routine DEF 14A filing, which primarily contains disclosures related to executive compensation and corporate governance, without presenting immediate financial or operational risks.

Analyst Insight

Review the executive compensation tables and any shareholder proposals to understand the company's governance practices and potential impacts on shareholder value.

Key Numbers

Key Players & Entities

FAQ

When did CVR ENERGY INC file this DEF 14A?

CVR ENERGY INC filed this Proxy Statement (DEF 14A) with the SEC on April 17, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by CVR ENERGY INC (CVI).

Where can I read the original DEF 14A filing from CVR ENERGY INC?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by CVR ENERGY INC.

What are the key takeaways from CVR ENERGY INC's DEF 14A?

CVR ENERGY INC filed this DEF 14A on April 17, 2024. Key takeaways: CVR Energy Inc. filed a Definitive Proxy Statement (DEF 14A) on April 17, 2024.. The filing covers the fiscal year ending December 31, 2023.. The company's principal executive offices are located in Sugar Land, Texas..

Is CVR ENERGY INC a risky investment based on this filing?

Based on this DEF 14A, CVR ENERGY INC presents a relatively low-risk profile. This is a routine DEF 14A filing, which primarily contains disclosures related to executive compensation and corporate governance, without presenting immediate financial or operational risks.

What should investors do after reading CVR ENERGY INC's DEF 14A?

Review the executive compensation tables and any shareholder proposals to understand the company's governance practices and potential impacts on shareholder value. The overall sentiment from this filing is neutral.

How does CVR ENERGY INC compare to its industry peers?

CVR Energy Inc. operates within the petroleum refining industry, a sector characterized by significant capital investment, regulatory oversight, and sensitivity to commodity prices.

Are there regulatory concerns for CVR ENERGY INC?

As a publicly traded company, CVR Energy Inc. is subject to the regulations of the Securities and Exchange Commission (SEC), including requirements for timely and accurate disclosure of financial and operational information.

Industry Context

CVR Energy Inc. operates within the petroleum refining industry, a sector characterized by significant capital investment, regulatory oversight, and sensitivity to commodity prices.

Regulatory Implications

As a publicly traded company, CVR Energy Inc. is subject to the regulations of the Securities and Exchange Commission (SEC), including requirements for timely and accurate disclosure of financial and operational information.

What Investors Should Do

  1. Analyze the executive compensation structure and any changes from prior years.
  2. Review any shareholder proposals and management's recommendations.
  3. Note the company's fiscal year-end and the period covered by the filing.

Year-Over-Year Comparison

This filing is a DEF 14A, a routine disclosure, and does not represent a change in reporting frequency or type compared to previous filings of the same nature.

Filing Stats: 4,720 words · 19 min read · ~16 pages · Grade level 12.2 · Accepted 2024-04-17 17:01:31

Key Financial Figures

Filing Documents

From the Filing

cvi-20240417 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant Filed by a Party other than the Registrant o Check the appropriate box: o Preliminary Proxy Statement o Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement o Definitive Additional Materials o Soliciting Material Pursuant to 240.14a-12 CVR Energy, Inc. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply): No fee required. o Fee paid previously with preliminary materials. o Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. To the Stockholders of CVR Energy, Inc.: On behalf of our Board of Directors and management team, I am pleased to invite you to attend the 2024 Annual Meeting of Stockholders (the "Annual Meeting") of CVR Energy, Inc. on Wednesday, May 29, 2024, at 10:00 a.m. (Central Daylight Time). Once again, our Annual Meeting will be held via live webcast, which we believe not only increases efficiency and lowers costs, but also improves our stockholders' ability to participate. In 2023, CVR Energy remained focused on our core Values of Safety, Environment, Integrity, Corporate Citizenship and Continuous Improvement and achieved another record year for the Company. Our performance allowed us to return value to our stockholders, with cumulative cash dividends of $4.50 per share for 2023, inclusive of special dividends. We remain committed to reducing our environmental footprint and continue to evaluate new opportunities for renewables projects, while monitoring our Environmental, Social & Governance ("ESG") performance. Our commitment to lowering our carbon footprint and reducing our exposure to RINs was evident in 2023 as we continued to produce renewable diesel at our Wynnewood refinery and completed construction of the site's renewable diesel pre-treatment unit, which commenced commissioning in February 2024. We also continued the carbon capture and sequestration activities at our Coffeyville nitrogen fertilizer plant in connection with the monetization of 45Q tax credits. Our 2022 ESG report, which further highlights our ESG performance, is now available on our website at www.CVREnergy.com. We look forward to publishing our 2023 ESG report later this year. I encourage you to review this Proxy Statement, as well as the accompanying 2023 Annual Report, to learn more about CVR and to gain valuable information you may need to make informed decisions about the matters on which you are being asked to vote. Your vote is important and I hope that you exercise your right to vote your shares. Thank you for your investment in CVR Energy, Inc. and for your continuing support. I wish you and yours health and prosperity in 2024 and beyond. Sincerely, CVR Energy, Inc. David L. Lamp President and Chief Executive Officer NOTICE OF 2024 ANNUAL MEETING OF STOCKHOLDERS When: Wednesday, May 29, 2024, at 10:00 a.m. (Central Daylight Time) Where: Virtually via live webcast at www.virtualshareholdermeeting.com/CVI2024 Agenda: At the Annual Meeting, you will be asked to: 1. Proposal 1 : Elect the seven director nominees named in this Proxy Statement, each to serve a one-year term; 2. Proposal 2: Approve, on an advisory basis, our named executive officer compensation; 3. Proposal 3: Ratify the appointment of our independent auditor for the 2024 fiscal year; and 4. Transact such other business as may properly come before the Annual Meeting or any adjournments or postponements thereof. Who Can Vote: Stockholders of record as of the close of business on Monday, April 1, 2024. How to Vote: Your vote is important! Even if you plan to attend the virtual Annual Meeting, it is important you vote as soon as possible using one of the following methods: Via the Internet: Follow the instructions in the Notice or proxy card. Call Toll-Free: Call the toll-free number on your proxy card. Mail Signed Proxy Card: Follow the instructions on your proxy card. How to Request Materials: Our proxy materials, including our Annual Report on Form 10-K for the year ended December 31, 2023 (the "2023 Annual Report"), will be available to stockholders free of charge online at www.proxyvote.com beginning on or about April 18, 2024, or by other methods set forth in this Proxy Statement. By Order of the Board of Directors, CVR Energy, Inc. Melissa M. Buhrig Executive Vice President, General Counsel and Secretary Sugar Land, Texas IMPORTANT NOTICE REGARDING THE INTERNET AVAILABILITY OF PROXY MATERIALS The Proxy Statement and the 2023 Annual Report are available at www.proxyvote.com CVR ENERGY, INC. 2277 Plaza Dr

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