Delek US Holdings, Inc. 8-K

What Happened
Delek US Holdings, Inc. (filed July 2, 2026) reported leadership changes approved June 26, 2026 and effective July 1, 2026 (Item 5.02). Robert Wright was appointed Executive Vice President and Chief Financial Officer of the company (he remains CFO of Delek Logistics Partners). Mark Hobbs moved from EVP & CFO to EVP, Logistics for both the company and the general partner of Delek Logistics Partners. Mohit Bhardwaj was named EVP, New Energy, Strategy & IR to lead the company’s New Energy business, and Misty Lavender was appointed EVP, General Counsel and Corporate Secretary, succeeding Denise McWatters, who will transition to a two‑year consulting role.

Key Details

• Robert Wright’s amended employment: base salary increased from $500,000 to $540,000; annual bonus target raised from 75% to 90% of base salary; long‑term incentive grants of $650,000 (March 2027) and $800,000 (March 2028).
• Reuven Spiegel’s employment extended through December 31, 2027 via a Fifth Amendment.
• Denise McWatters transitions to a consulting agreement effective July 1, 2026: two‑year term through June 30, 2028, $250,000 annual compensation, 30‑day termination notice; outstanding equity awards continue vesting on schedule.
• Board approvals occurred June 26, 2026; changes effective July 1, 2026; 8‑K filed July 2, 2026.

Why It Matters
These are material management and compensation changes affecting the company’s finance, legal and new‑energy leadership. Investors should note the new CFO appointment and the associated pay/long‑term incentive increases for Robert Wright, which reflect executive retention and succession planning. The creation of an EVP role focused on New Energy signals strategic emphasis on that business line. The consulting arrangement for the outgoing GC provides continuity while formal succession takes effect.