Sunoco LP Appoints New CFO, Michael J. Lang

TL;DR

Sunoco LP names Michael J. Lang as new CFO, starting July 8th. Salary $450k.

AI Summary

Sunoco LP announced on July 3, 2024, the appointment of Michael J. Lang as Chief Financial Officer, effective July 8, 2024. Lang previously served as Senior Vice President, Finance and Investor Relations for Sunoco. He will receive an annual base salary of $450,000 and is eligible for incentive compensation.

Why It Matters

The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence.

Risk Assessment

Risk Level: low — This filing reports a routine executive appointment and compensation details, with no immediate financial distress or significant strategic shifts indicated.

Key Numbers

• $450,000 — CFO Annual Salary (Michael J. Lang's base compensation as the new Chief Financial Officer.)

Key Players & Entities

• Sunoco LP (company) — Registrant
• Michael J. Lang (person) — Appointed Chief Financial Officer
• $450,000 (dollar_amount) — Annual base salary for new CFO

FAQ

From the Filing

0001193125-24-175049.txt : 20240703 0001193125-24-175049.hdr.sgml : 20240703 20240703161300 ACCESSION NUMBER: 0001193125-24-175049 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20240703 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240703 DATE AS OF CHANGE: 20240703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Sunoco LP CENTRAL INDEX KEY: 0001552275 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 300740483 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35653 FILM NUMBER: 241100248 BUSINESS ADDRESS: STREET 1: 8111 WESTCHESTER DR., SUITE 400 CITY: DALLAS STATE: TX ZIP: 75225 BUSINESS PHONE: (832) 234-3600 MAIL ADDRESS: STREET 1: 8111 WESTCHESTER DR., SUITE 400 CITY: DALLAS STATE: TX ZIP: 75225 FORMER COMPANY: FORMER CONFORMED NAME: Susser Petroleum Partners LP DATE OF NAME CHANGE: 20120614 8-K 1 d248214d8k.htm 8-K 8-K TX false 0001552275 0001552275 2024-07-03 2024-07-03     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Act of 1934 July 3, 2024 Date of Report (Date of earliest event reported)     SUNOCO LP (Exact name of registrant as specified in its charter)       Delaware   001-35653   30-0740483 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.) 8111 Westchester Drive , Suite 400 Dallas , Texas 75225 (Address of principal executive offices, including zip code) (214) 981-0700 (Registrant’s telephone number, including area code)     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(s)   Name of each exchange on which registered Common Units Representing Limited Partner Interests   SUN   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 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company  ☐ 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. ☐       Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Appointment of Director As previously announced, Sunoco LP, a Delaware limited partnership (“Sunoco”), consummated the transactions contemplated by that certain Agreement and Plan of Merger (the “Merger Agreement”), dated as of January 22, 2024, by and among Sunoco, NuStar Energy L.P., a Delaware limited partnership (“NuStar”), Saturn Merger Sub, LLC, a Delaware limited liability company (“Merger