Par Pacific Holdings Announces Board and Executive Changes
Ticker: PARR · Form: 8-K · Filed: Nov 12, 2024 · CIK: 821483
| Field | Detail |
|---|---|
| Company | Par Pacific Holdings, Inc. (PARR) |
| Form Type | 8-K |
| Filed Date | Nov 12, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-election, executive-compensation
TL;DR
Par Pacific shakes up board with two new directors and revises exec pay.
AI Summary
Par Pacific Holdings, Inc. announced on November 7, 2024, changes in its executive and director roles. The company elected two new directors, Mark J. Smith and David L. Schanzer, to its Board, effective November 7, 2024. Additionally, the company entered into new employment agreements with certain officers, including an amended and restated employment agreement with its President and CEO, William R. Pate.
Why It Matters
These changes in leadership and executive compensation arrangements can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can introduce uncertainty regarding future strategic direction and operational execution.
Key Players & Entities
- Par Pacific Holdings, Inc. (company) — Registrant
- Mark J. Smith (person) — Newly elected director
- David L. Schanzer (person) — Newly elected director
- William R. Pate (person) — President and CEO
- November 07, 2024 (date) — Effective date of director election and reporting date
FAQ
Who were the new directors elected to Par Pacific Holdings' Board?
Mark J. Smith and David L. Schanzer were elected as new directors to the Board of Par Pacific Holdings, Inc.
When were the new directors elected?
The new directors were elected effective November 7, 2024.
What other executive changes were reported?
The company entered into new employment agreements with certain officers, including an amended and restated employment agreement with President and CEO William R. Pate.
What is the primary business of Par Pacific Holdings, Inc.?
Par Pacific Holdings, Inc. is in the Crude Petroleum & Natural Gas industry, SIC code 1311.
What is the principal executive office address for Par Pacific Holdings, Inc.?
The principal executive offices are located at 825 Town & Country Lane, Suite 1500, Houston, Texas 77024.
Filing Stats: 447 words · 2 min read · ~1 pages · Grade level 10.7 · Accepted 2024-11-12 11:28:09
Key Financial Figures
- $0.01 — nge of which registered Common stock, $0.01 par value PARR New York Stock Exchang
Filing Documents
- parr-20241107.htm (8-K) — 27KB
- 0000821483-24-000033.txt ( ) — 147KB
- parr-20241107.xsd (EX-101.SCH) — 2KB
- parr-20241107_lab.xml (EX-101.LAB) — 21KB
- parr-20241107_pre.xml (EX-101.PRE) — 12KB
- parr-20241107_htm.xml (XML) — 3KB
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. Par Pacific Holdings, Inc. Dated: November 12, 2024 /s/ Jeffrey R. Hollis Jeffrey R. Hollis Senior Vice President, General Counsel, and Secretary 3