PAR PACIFIC HOLDINGS, INC. Files DEF 14A

Ticker: PARR · Form: DEF 14A · Filed: Mar 18, 2024 · CIK: 821483

Par Pacific Holdings, Inc. DEF 14A Filing Summary
FieldDetail
CompanyPar Pacific Holdings, Inc. (PARR)
Form TypeDEF 14A
Filed DateMar 18, 2024
Risk Levellow
Pages16
Reading Time19 min
Key Dollar Amounts$30,000
Sentimentneutral

Sentiment: neutral

Topics: DEF 14A, Executive Compensation, Corporate Governance, PAR PACIFIC HOLDINGS, Energy

TL;DR

<b>PAR PACIFIC HOLDINGS, INC. filed its DEF 14A, detailing corporate governance and executive compensation for the period ending April 30, 2024.</b>

AI Summary

PAR PACIFIC HOLDINGS, INC. (PARR) filed a Proxy Statement (DEF 14A) with the SEC on March 18, 2024. PAR PACIFIC HOLDINGS, INC. filed a DEF 14A on 2024-03-18. The filing covers the period ending 2024-04-30. The company's fiscal year ends on 12/31. PAR PACIFIC HOLDINGS, INC. was formerly known as PAR PETROLEUM CORP/CO and DELTA PETROLEUM CORP/CO. The company is in the Crude Petroleum & Natural Gas industry.

Why It Matters

For investors and stakeholders tracking PAR PACIFIC HOLDINGS, INC., this filing contains several important signals. This DEF 14A filing is crucial for understanding the company's executive compensation structure and any proposed changes, which can impact shareholder value and corporate strategy. Shareholders can use this filing to assess the alignment of executive incentives with company performance and to make informed voting decisions on corporate matters.

Risk Assessment

Risk Level: low — PAR PACIFIC HOLDINGS, INC. shows low risk based on this filing. The filing is a routine DEF 14A, indicating standard corporate disclosures rather than immediate financial distress or significant strategic shifts.

Analyst Insight

Review the executive compensation details and any shareholder proposals within the DEF 14A to understand potential impacts on company strategy and shareholder interests.

Key Numbers

  • 0001437749-24-008222 — Accession Number (Unique identifier for the filing)
  • 45 — Public Document Count (Number of documents included in the filing)
  • 1231 — Fiscal Year End (End date of the company's fiscal year)
  • 001-36550 — SEC File Number (SEC's file number for the company)

Key Players & Entities

  • PAR PACIFIC HOLDINGS, INC. (company) — Filer name
  • PARR (company) — Ticker symbol
  • DEF 14A (document) — Filing type
  • 2024-03-18 (date) — Filing date
  • 2024-04-30 (date) — Period of report
  • PAR PETROLEUM CORP/CO (company) — Former company name
  • DELTA PETROLEUM CORP/CO (company) — Former company name
  • 825 TOWN & COUNTRY LANE SUITE 1500 (address) — Business address

FAQ

When did PAR PACIFIC HOLDINGS, INC. file this DEF 14A?

PAR PACIFIC HOLDINGS, INC. filed this Proxy Statement (DEF 14A) with the SEC on March 18, 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 PAR PACIFIC HOLDINGS, INC. (PARR).

Where can I read the original DEF 14A filing from PAR PACIFIC HOLDINGS, 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 PAR PACIFIC HOLDINGS, INC..

What are the key takeaways from PAR PACIFIC HOLDINGS, INC.'s DEF 14A?

PAR PACIFIC HOLDINGS, INC. filed this DEF 14A on March 18, 2024. Key takeaways: PAR PACIFIC HOLDINGS, INC. filed a DEF 14A on 2024-03-18.. The filing covers the period ending 2024-04-30.. The company's fiscal year ends on 12/31..

Is PAR PACIFIC HOLDINGS, INC. a risky investment based on this filing?

Based on this DEF 14A, PAR PACIFIC HOLDINGS, INC. presents a relatively low-risk profile. The filing is a routine DEF 14A, indicating standard corporate disclosures rather than immediate financial distress or significant strategic shifts.

What should investors do after reading PAR PACIFIC HOLDINGS, INC.'s DEF 14A?

Review the executive compensation details and any shareholder proposals within the DEF 14A to understand potential impacts on company strategy and shareholder interests. The overall sentiment from this filing is neutral.

How does PAR PACIFIC HOLDINGS, INC. compare to its industry peers?

PAR PACIFIC HOLDINGS, INC. operates in the Crude Petroleum & Natural Gas industry, which is subject to commodity price fluctuations and regulatory oversight.

Are there regulatory concerns for PAR PACIFIC HOLDINGS, INC.?

As a company in the energy sector, PAR PACIFIC HOLDINGS, INC. is subject to various environmental, safety, and operational regulations from federal and state agencies.

Industry Context

PAR PACIFIC HOLDINGS, INC. operates in the Crude Petroleum & Natural Gas industry, which is subject to commodity price fluctuations and regulatory oversight.

Regulatory Implications

As a company in the energy sector, PAR PACIFIC HOLDINGS, INC. is subject to various environmental, safety, and operational regulations from federal and state agencies.

What Investors Should Do

  1. Analyze the proxy statement for details on director nominations and voting procedures.
  2. Examine the executive compensation disclosures, including base salary, bonuses, and equity awards.
  3. Review any shareholder proposals and management's recommendations for voting.

Key Dates

  • 2024-03-18: Filing Date — Date the DEF 14A was filed with the SEC.
  • 2024-04-30: Period of Report End Date — The end date of the period covered by the filing.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a routine disclosure for annual meetings and does not represent a change from previous filings of the same type.

Filing Stats: 4,767 words · 19 min read · ~16 pages · Grade level 10.6 · Accepted 2024-03-18 13:04:47

Key Financial Figures

  • $30,000 — at an anticipated cost of approximately $30,000. QUESTIONS AND ANSWERS Who can vote

Filing Documents

From the Filing

parr20240314_def14a.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to 240.14a-12 PAR PACIFIC HOLDINGS, 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 the appropriate box): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 PAR PACIFIC HOLDINGS, INC. | 825 Town and Country Lane, Suite 1500 | Houston, Texas 77024 NOTICE OF ANNUAL MEETING OF STOCKHOLDERS To Be Held April 30, 2024 Dear Stockholders: We cordially invite you to attend our 2024 annual meeting of stockholders of Par Pacific Holdings, Inc. (the "Company" or "Par Pacific"). The meeting will be held virtually at verus://www.viewproxy.com/Parpacific/2024 on Tuesday, April 30, 2024, at 8:30 a.m. (Houston time). At the meeting, stockholders will be asked to vote on the following matters: Proposal 1: To elect the Board of Directors; Proposal 2: To ratify the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2024; and Proposal 3: To approve an amendment to the Company's Restated Certificate of Incorporation to reflect new Delaware law provisions regarding officer exculpation. We will also transact any other business as may properly come before the meeting. Stockholders who owned our common stock at the close of business on Wednesday, March 6, 2024, may attend and vote at the meeting. A stockholders' list will be available at our offices at 825 Town and Country Lane, Suite 1500, Houston, Texas 77024 for the ten-day period prior to the meeting. We hope that you will be able to attend the meeting. We provide our proxy materials, including our Proxy Statement and Annual Report, electronically on the Internet. This expedites your receipt of proxy materials, conserves resources, and lowers the cost of the meeting. On or about March 18, 2024, we are posting our proxy materials at http://www.viewproxy.com/Parpacific/2024 and mailing stockholders a Notice of Internet Availability of Proxy Materials that explains how to access the proxy materials on the Internet. We are also mailing a printed set of the proxy materials to stockholders who have elected to receive paper copies. Stockholders may request a printed set of the proxy materials by following the instructions in the Notice. Whether or not you plan to attend the meeting, please vote electronically via the Internet or, if you requested paper copies of the proxy materials, please complete, sign, date and return the accompanying proxy card in the enclosed postage-paid envelope. See "How do I cast my vote?" in the proxy statement for more details. We thank you for your continued support and look forward to your attendance at our virtual annual meeting. By order of the Board of Directors, Jeffrey R. Hollis, Senior Vice President, General Counsel, and Secretary Houston, Texas March 18, 2024 1 PAR PACIFIC HOLDINGS, INC. | 825 Town and Country Lane, Suite 1500 | Houston, Texas 77024 PROXY STATEMENT INFORMATION CONCERNING SOLICITATION AND VOTING Our Board of Directors (the "Board") is soliciting proxies for the 2024 annual meeting of stockholders to be held virtually at http://www.viewproxy.com/Parpacific/2024 on Tuesday, April 30, 2024, at 8:30 a.m. (Houston time), and at any adjournments or postponements of the meeting. This proxy statement contains important information for you to consider when deciding how to vote on the matters brought before the meeting. Please read it carefully. Par Pacific Holdings, Inc. (the "Company" or "Par Pacific") will pay the costs of soliciting proxies from stockholders. Our directors, officers and regular employees may solicit proxies on behalf of Par Pacific, without additional compensation, personally or by telephone or by email or through the Internet. Additionally, Alliance Advisors LLC has been retained to provide certain proxy logistics and solicitation services at an anticipated cost of approximately $30,000. QUESTIONS AND ANSWERS Who can vote at the meeting? The Board set March 6, 2024, as the record date for the meeting. You can attend and vote at the meeting if you were a common stockholder of Par Pacific at the close of business on the record date, March 6, 2024. On that date, there were 59,340,567 shares of our common stock outstanding and entitled to vote at the meeting. Why did I

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