CrossAmerica Partners LP 8-K

What Happened

• CrossAmerica Partners LP (via its general partner CrossAmerica GP LLC) announced on March 2, 2026 that Maura Topper was appointed President and Chief Executive Officer of the General Partner, effective March 2, 2026. She succeeds Charles M. Nifong, Jr., who left his roles as President, CEO and Board member the same day and will join the executive management team of Dunne Manning Holdings LLC (an affiliate of the General Partner).
• The Board also appointed Jonathan E. Benfield as Interim Chief Financial Officer and Chief Accounting Officer of the General Partner effective March 2, 2026. Mr. Benfield previously served in multiple finance roles at the Partnership and is a Certified Public Accountant.

Key Details

• Maura Topper: promoted from Chief Financial Officer; annual base salary increased to $500,000; target short-term incentive remains 50% of base salary. Her background and related-party information are incorporated by reference to CrossAmerica’s Form 10-K filed February 25, 2026.
• Jonathan E. Benfield: age 50; prior CrossAmerica roles include Chief Accounting Officer (appointed March 2022 and previously 2020–2021) and interim CFO on prior occasions; holds a bachelor’s in Accounting and Finance from Kutztown University; base salary increased to $325,000 and target short-term incentive increased to 50% of base while serving as Interim CFO.
• Compensation note: the Partnership does not set executive pay directly; compensation for executive officers is determined by the Topper Group (founder Joseph V. Topper, Jr., his affiliates and family trusts).

Why It Matters

• Leadership change: investors should note a new CEO is in place—Maura Topper—with continuity from inside the organization (previous CFO), which may affect strategic and operational continuity.
• Financial/compensation impact: the filing discloses specific increases in base pay and incentive targets for the new CEO and interim CFO, which are material to executive expense and governance disclosure.
• Governance/affiliations: the filing highlights related-party governance dynamics (the Topper Group’s role in setting compensation and Mr. Nifong’s move to an affiliate), which investors may consider when assessing independence and decision-making at the Partnership.