PBF Energy 8-K Signals Officer/Director Changes, Comp Arrangements

Ticker: PBF · Form: 8-K · Filed: 2024-02-02T00:00:00.000Z

Sentiment: mixed

Topics: corporate-governance, executive-changes, compensation

TL;DR

**PBF Energy filed an 8-K hinting at executive changes and compensation updates.**

AI Summary

PBF Energy Inc. filed an 8-K on February 2, 2024, reporting an event that occurred on January 31, 2024. This filing indicates changes related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers' and 'Financial Statements and Exhibits'. While the specific details of these changes are not provided in this summary, investors should pay attention to subsequent filings or announcements from PBF Energy Inc. for more information, as executive or board changes and compensation adjustments can signal shifts in company strategy or financial health.

Why It Matters

Changes in leadership or executive compensation can impact a company's strategic direction and financial performance, directly affecting shareholder value.

Risk Assessment

Risk Level: medium — The filing indicates significant corporate governance changes without providing specific details, which introduces uncertainty for investors.

Analyst Insight

Investors should monitor PBF Energy Inc.'s upcoming announcements and filings for specific details on the reported changes in officers, directors, and compensation, as these could signal strategic shifts or impact future performance. Without specifics, it's difficult to assess the full impact.

Key Numbers

Key Players & Entities

Forward-Looking Statements

FAQ

What was the earliest event reported in this 8-K filing by PBF Energy Inc.?

The earliest event reported in this 8-K filing by PBF Energy Inc. occurred on January 31, 2024.

What specific items are mentioned in the 'ITEM INFORMATION' section of this 8-K?

The 'ITEM INFORMATION' section mentions 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' and 'Financial Statements and Exhibits'.

What is the trading symbol and the exchange where PBF Energy Inc.'s Common Stock is registered?

PBF Energy Inc.'s Common Stock trades under the symbol 'PBF' on the New York Stock Exchange.

What is the business address and phone number of PBF Energy Inc. as listed in the filing?

The business address of PBF Energy Inc. is One Sylvan Way, Second Floor, Parsippany, New Jersey 07054, and their telephone number is (973) 455-7500.

When was this 8-K filing submitted to the SEC?

This 8-K filing was submitted to the SEC on February 2, 2024.

From the Filing

0001534504-24-000004.txt : 20240202 0001534504-24-000004.hdr.sgml : 20240202 20240202171833 ACCESSION NUMBER: 0001534504-24-000004 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240131 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240202 DATE AS OF CHANGE: 20240202 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PBF Energy Inc. CENTRAL INDEX KEY: 0001534504 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35764 FILM NUMBER: 24592790 BUSINESS ADDRESS: STREET 1: 1 SYLVAN WAY CITY: PARSIPPANY STATE: NJ ZIP: 07054 BUSINESS PHONE: 973-455-7500 MAIL ADDRESS: STREET 1: 1 SYLVAN WAY CITY: PARSIPPANY STATE: NJ ZIP: 07054 8-K 1 pbf-20240131.htm 8-K pbf-20240131 0001534504 FALSE 0001534504 2024-01-31 2024-01-31 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 Date of Report (Date of Earliest Event Reported): January 31, 2024 PBF ENERGY INC. (Exact Name of Registrant as Specified in its Charter) Delaware 001-35764 45-3763855  (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification Number) _____________________________________________ One Sylvan Way, Second Floor Parsippany , New Jersey 07054 (Address of the Principal Executive Offices) (Zip Code) ( 973 ) 455-7500 (Registrant’s Telephone Number, including area code) N/A (Former Name or Former Address, 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: Title of each class Trading Symbol Name of each exchange on which registered Common Stock, par value $.001 PBF New York Stock Exchange 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 12-b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter):  o 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. o Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (b) Director Retirement. On January 31, 2024, Wayne Budd, the Chairman of the Nominating and Corporate Governance Committee of the Board of Directors of PBF Energy Inc. (the “Company”) and a member of the Compensation Committee, informed the Company that he will not seek re-election as a director at the Company’s 2024 Annual Meeting of Stockholders. Mr. Budd will continue to serve as a director (including in his capacity as the Chairman of the Nominating and Corporate Governance Committee and a member of the Compe

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