BRENTWOOD, Tenn., May 6, 2021 /PRNewswire/ -- Delek US Holdings,
Inc. (NYSE: DK) ("Delek") today announced that, based on the
preliminary vote count provided by its proxy solicitor following
the Company's 2021 Annual Meeting of Stockholders, Delek
shareholders have overwhelmingly voted to elect all 8 of its highly
qualified director nominees, Uzi
Yemin, William J. Finnerty,
Richard J. Marcogliese, Gary M. Sullivan, Jr., Vicky Sutil, Laurie
Tolson, David Wiessman and
Shlomo Zohar, to the Company's Board of Directors. Delek issued the
following statement:
We appreciate the support of our
shareholders. Moving forward, we remain firmly focused on
overseeing and executing the Company's strategy and continuing to
evaluate opportunities to drive value. We look forward to
maintaining our constructive engagement with our shareholders and
remain committed to acting in the best interests of the Company and
all Delek shareholders.
The preliminary results indicate that shareholders have approved
all other proposals considered at Delek's Annual Meeting. All Delek
director nominees received approximately 90% or more of the
voted shares, excluding those of CVR Energy, Inc.
The Company will file preliminary voting results with the
Securities and Exchange Commission on a Form 8-K within four days
of the Annual Meeting and will file final voting results on a Form
8-K/A once they are certified by the independent inspector of
elections.
About Delek US Holdings, Inc.
Delek US Holdings, Inc.
is a diversified downstream energy company with assets in petroleum
refining, logistics, asphalt, renewable fuels and convenience store
retailing. The refining assets consist of refineries operated in
Tyler and Big Spring, Texas, El Dorado, Arkansas and Krotz Springs, Louisiana with a combined
nameplate crude throughput capacity of 302,000 barrels per day.
The logistics operations consist of Delek Logistics Partners, LP
(NYSE: DKL) ("Delek Logistics"). Delek US and its affiliates also
own the general partner and an approximate 80 percent limited
partner interest in Delek Logistics. Delek Logistics is a
growth-oriented master limited partnership focused on owning and
operating midstream energy infrastructure assets.
The convenience store retail business operates approximately 253
convenience stores in central and west Texas and New
Mexico.
Information about Delek US Holdings, Inc. can be found on its
website (www.delekus.com), investor relations webpage
(ir.delekus.com), news webpage (www.delekus.com/news) and its
Twitter account (@DelekUSHoldings).
Safe Harbor Provisions Regarding Forward-Looking
Statements
This press release contains forward-looking
statements that are based upon current expectations and involve a
number of risks and uncertainties. Statements concerning current
estimates, expectations and projections about future results,
performance, prospects, opportunities, plans, actions and events
and other statements, concerns, or matters that are not historical
facts are "forward-looking statements," as that term is defined
under the federal securities laws. These statements contain
words such as "possible," "believe," "should," "could," "would,"
"predict," "plan," "estimate," "intend," "may," "anticipate,"
"will," "if", "potential," "expect" or similar expressions, as well
as statements in the future tense. These forward-looking statements
include, but are not limited to, statements regarding throughput at
the Company's refineries; crude oil prices, discounts and quality
and our ability to benefit therefrom; share repurchases; cost
reductions; payments of dividends; growth; investments into our
business; the performance and execution of our midstream growth
initiatives, including the Big Spring Gathering System, the Red
River joint venture and the Wink
to Webster long-haul crude oil
pipeline, and the flexibility, benefits and the expected returns
therefrom; RINs waivers and tax credits and the value and benefit
therefrom; cash and liquidity; opportunities and anticipated
performance and financial position.
Investors are cautioned that the following important factors,
among others, may affect these forward-looking statements. These
factors include, but are not limited to: uncertainty related to
timing and amount of future share repurchases and dividend
payments; risks and uncertainties with respect to the quantities
and costs of crude oil we are able to obtain and the price of the
refined petroleum products we ultimately sell, including
uncertainties regarding future decisions by OPEC regarding
production and pricing disputes between OPEC members and
Russia; uncertainty relating to
the impact of the COVID-19 outbreak on the demand for crude oil,
refined products and transportation and storage services; Delek US'
ability to realize cost reductions; risks related to Delek US'
exposure to Permian Basin crude oil, such as supply, pricing,
gathering, production and transportation capacity; gains and losses
from derivative instruments; risks associated with acquisitions and
dispositions; acquired assets may suffer a diminishment in fair
value as a result of which we may need to record a write-down or
impairment in carrying value of the asset; the possibility of
litigation challenging renewable fuel standard waivers; changes in
the scope, costs, and/or timing of capital and maintenance
projects; the ability to grow the Big Spring Gathering System; the
ability of the Red River joint venture to complete the expansion
project to increase the Red River pipeline capacity; the ability of
the joint venture to construct the Wink to Webster long haul crude oil pipeline;
operating hazards inherent in transporting, storing and processing
crude oil and intermediate and finished petroleum products; our
competitive position and the effects of competition; the projected
growth of the industries in which we operate; general economic and
business conditions affecting the geographic areas in which we
operate; and other risks described in Delek US' filings with the
United States Securities and Exchange Commission (the "SEC"),
including risks disclosed in our Annual Report on Form 10-K,
Quarterly Reports on Form 10-Q and other filings and reports with
the SEC.
Forward-looking statements should not be read as a guarantee of
future performance or results and will not be accurate indications
of the times at, or by, which such performance or results will be
achieved. Forward-looking information is based on information
available at the time and/or management's good faith belief with
respect to future events, and is subject to risks and uncertainties
that could cause actual performance or results to differ materially
from those expressed in the statements. Delek US undertakes
no obligation to update or revise any such forward-looking
statements to reflect events or circumstances that occur, or which
Delek US becomes aware of, after the date hereof, except as
required by applicable law or regulation.
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SOURCE Delek US Holdings, Inc.