Icahn Enterprises Files 8-K on Operations, Officer Changes

TL;DR

**Icahn Enterprises just dropped an 8-K covering financials and executive changes, so keep an eye out for details!**

AI Summary

Icahn Enterprises L.P. filed an 8-K on February 21, 2024, reporting on events that occurred on February 20, 2024. The filing covers results of operations and financial condition, changes in directors or officers, compensatory arrangements, and Regulation FD disclosure. The company, identified by CIK 0000813762, is based in Sunnny Isles Beach, FL, and operates in motor vehicle parts and accessories.

Why It Matters

This filing provides transparency into Icahn Enterprises' recent financial performance and any significant changes in its leadership or executive compensation, which can influence investor confidence and stock valuation.

Risk Assessment

Risk Level: low — This is a routine informational filing and does not inherently indicate a high risk event.

Key Players & Entities

• ICAHN ENTERPRISES L.P. (company) — Registrant
• February 20, 2024 (date) — Date of earliest event reported
• February 21, 2024 (date) — Filed as of date
• 0000813762 (company) — Central Index Key (CIK) for Icahn Enterprises L.P.
• Sunnny Isles Beach, FL (location) — Business address city and state

FAQ

Key Financial Figures

• $2,600,000 — yments equal to an annualized amount of $2,600,000 (except that, for the period from Janua
• $1,500,000 — ill be based on an annualized amount of $1,500,000), payable in accordance with the Compan
• $50,000,000 — mount of the NAV Incentive is capped at $50,000,000, and will be reduced by the value of th
• $1,000,000 — consistent with their current levels of $1,000,000 and $1,550,000, respectively. In additi
• $1,550,000 — their current levels of $1,000,000 and $1,550,000, respectively. In addition, under the A
• $50,000 — receive a one-time relocation bonus of $50,000 (less applicable withholding taxes) wit

Filing Documents

• tm246838d1_8k.htm (8-K) — 41KB
• tm246838d1_ex10-1.htm (EX-10.1) — 101KB
• tm246838d1_ex10-2.htm (EX-10.2) — 55KB
• tm246838d1_ex99-1.htm (EX-99.1) — 49KB
• 0001104659-24-026032.txt ( ) — 471KB
• iep-20240220.xsd (EX-101.SCH) — 3KB
• iep-20240220_lab.xml (EX-101.LAB) — 34KB
• iep-20240220_pre.xml (EX-101.PRE) — 22KB
• tm246838d1_8k_htm.xml (XML) — 4KB

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. On February 21, 2024, Icahn Enterprises L.P. (the "Company") issued a press release containing financial information as of December 31, 2023. A copy of the press release is attached hereto as Exhibit 99.1. The information furnished pursuant to this Item 2.02, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise Act of 1933, as amended.

02 Departure of Directors or Certain Officers; Election

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Appointment of New President and Chief Executive Officer of the Company On February 21, 2024, the Company announced the appointment of Andrew J. Teno as President and Chief Executive Officer of the Company and of Icahn Enterprises G.P. Inc. ("Icahn Enterprises GP"), the general partner of the Company and Icahn Enterprises Holdings L.P., effective as of February 21, 2024 (the "Effective Date"). The board of directors (the "Board") of Icahn Enterprises G.P. also elected Mr. Teno to the Board to serve as a director as of the Effective Date. Mr. Teno will succeed David Willetts, who resigned as President and Chief Executive Officer of the Company and as a member of the Board, effective on the Effective Date. Mr. Willetts' resignation was not the result of any disagreement with the Company on any matter relating to operations, policies or practices. Prior to his appointment as President and Chief Executive Officer, Mr. Teno, age 38, served as a portfolio manager at Icahn Capital LP, a subsidiary of the Company, since October 2020. Mr. Teno previously worked at Fir Tree Partners, a New York based private investment firm that invests worldwide in public and private companies, real estate and sovereign debt, from 2011 to April 2020. Prior to that, he worked at Crestview Partners from 2009 to 2011 as an associate in their private equity business, and at Gleacher Partners, a boutique mergers and acquisitions firm, from 2007 to 2009. Mr. Teno has served as a director of Southwest Gas Holdings, Inc., an entity that purchases, distributes and transports natural gas and provides utility infrastructure services across North America, since May 2022 and Illumina, Inc., a company engaged in sequencing- and array-based solutions for genetic and genomic analysis since May 2023. Mr. Teno also previously served as a director of

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On February 21, 2024, the Company issued a press release announcing, among other things, the appointment of Mr. Teno as President and Chief Executive Officer. The press release is filed as Exhibit 99.1 hereto and is incorporated by reference herein. The information furnished pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise Act of 1933, as amended.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Employment Agreement with Andrew J. Teno, dated February 21, 2024. 10.2 Letter Agreement, dated February 21, 2024, by and among David Willetts, The Pep Boys – Manny, Moe & Jack LLC, and Pep Boys – Manny, Moe & Jack of Puerto Rico, Inc. 99.1 Press release dated February 21, 2024. 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document).

SIGNATURES

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. ICAHN ENTERPRISES L.P. (Registrant) By: Icahn Enterprises G.P. Inc. its general partner By: /s/ Ted Papapostolou Date: February 21, 2024 Ted Papapostolou Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR