0000821483-18-000074.txt : 20181213 0000821483-18-000074.hdr.sgml : 20181213 20181212211739 ACCESSION NUMBER: 0000821483-18-000074 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20181212 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20181213 DATE AS OF CHANGE: 20181212 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PAR PACIFIC HOLDINGS, INC. CENTRAL INDEX KEY: 0000821483 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 841060803 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36550 FILM NUMBER: 181232057 BUSINESS ADDRESS: STREET 1: 825 TOWN & COUNTRY LANE STREET 2: SUITE 1500 CITY: HOUSTON STATE: TX ZIP: 77024 BUSINESS PHONE: (281) 899-4800 MAIL ADDRESS: STREET 1: 825 TOWN & COUNTRY LANE STREET 2: SUITE 1500 CITY: HOUSTON STATE: TX ZIP: 77024 FORMER COMPANY: FORMER CONFORMED NAME: PAR PETROLEUM CORP/CO DATE OF NAME CHANGE: 20120907 FORMER COMPANY: FORMER CONFORMED NAME: DELTA PETROLEUM CORP/CO DATE OF NAME CHANGE: 19920703 8-K 1 a2018-12x12form8xk.htm 8-K Document


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): December 12, 2018
 

Par Pacific Holdings, Inc.
(Exact name of registrant as specified in its charter)
 

 
 
 
 
 
 
Delaware
 
1-36550
 
84-1060803
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(I.R.S. Employer
Identification No.)
 
 
 
 
825 Town & Country Lane, Suite 1500
Houston, Texas
 
77024
(Address of principal executive offices)
 
(Zip Code)
(281) 899-4800
(Registrant’s telephone number, including area code)
 
(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 (see General Instruction A.2. below):
 
¨
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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). 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. ¨ 
 


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Item 5.02.    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 12, 2018, the Board of Directors of Par Pacific Holdings, Inc. (the “Company”) increased the number of directors from nine to ten members and elected Ms. Katherine Hatcher as its newest member to fill the newly created vacancy. Ms. Hatcher will join the board of directors (the “Board”) effective January 1, 2019. Ms. Hatcher will stand for election by the Company’s shareholders at the 2019 Annual Meeting of Shareholders.

The Company is not aware of any other arrangement or understanding between Ms. Hatcher and any other person pursuant to which Ms. Hatcher will be appointed to the Board. Ms. Hatcher will participate in the non-employee director compensation programs of the Company, as described in its most recent proxy statement, as such programs are amended from time to time.


Item 7.01     Regulation FD Disclosure.

On December 12, 2018, the Company issued a news release reporting the election of a director. The press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

In accordance with General Instruction B.2 of Form 8-K, the foregoing information, including Exhibit 99.1, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section, nor shall such information and Exhibit be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.


Item 9.01    Financial Statements and Exhibits

(d)     Exhibits

99.1



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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: December 12, 2018
 
 
 
 
PAR PACIFIC HOLDINGS, INC.
 
 
By:
 
/s/ J. Matthew Vaughn
 
 
J. Matthew Vaughn
 
 
Senior Vice President and General Counsel


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EX-99.1 2 a2018-12x09pressreleaserec.htm EXHIBIT 99.1 Exhibit


a20181209pressrelease_image1.gif
NEWS RELEASE
FOR IMMEDIATE RELEASE


Par Pacific Announces Change in Chairman of the Board of Directors and Appoints Katherine Hatcher as Independent Director

HOUSTON – December 12, 2018 – Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”) today announced that Melvyn N. Klein has decided to step down from his position as Chairman of the Board effective January 1, 2019, but will otherwise continue to serve as a Director on the Board. Mr. Klein joined the Company as a Director and Chairman in June of 2014, and under his leadership, the Company expanded from its beginnings in Houston and Hawaii to the Pacific Northwest and the Rockies. Mr. Klein is being succeeded as Chairman by Robert S. Silberman, who currently serves as the Vice Chairman of the Board. The Company also announced that Katherine Hatcher has been appointed to the Board of Directors effective January 1, 2019.

In recognition of Mr. Klein’s contributions to the Company, the Board of Directors has appointed him Chairman Emeritus effective January 1, 2019. “Par Pacific would not be what it is today without Mel’s leadership and guidance over the past four years. The Board of Directors is extremely grateful for his tireless diligence and welcome his continued participation as a Director,” said Robert Silberman, incoming Chairman of the Board. “His designation as Chairman Emeritus is well deserved and reflects his outstanding contributions to our Company, our businesses and the communities we serve. We are also very pleased to welcome Katherine Hatcher to our Board; her business successes and reputation are exceptional. She will bring another voice of experience to matters of essential importance to our businesses, our clients and our shareholders. We look forward to the contributions Katherine will make to our continued growth and success.”

Katherine Hatcher is currently the President and Chief Operating Officer of NewQuest Properties, a privately owned, full-service company based in Houston, Texas engaged in commercial development, retail leasing, tenant representation, land brokerage, and property management, that owns a $2.0 billion portfolio encompassing more than 60 projects in Texas and Louisiana. Before joining NewQuest Properties, Katherine was the president of the Gulf Coast States region for Verizon Wireless for eight years. She operated an organization of several thousand employees with responsibilities including retail store distribution, agent distribution relationships, business to business sales, network deployment and customer service. Before running the Gulf Coast States region, Katherine ran a smaller region for about one year during the merger that formed Verizon Wireless. Ms. Hatcher has been involved in and held board positions with various Houston community organizations including the Greater Houston Partnership Board of Directors, MD Anderson’s Board of Visitors, Children’s Museum of Houston, the Houston Area Women’s Center, Youth About Business and Young Presidents Organization. She is also an alumna of The Center for Houston’s Future.

Ms. Hatcher holds two masters degrees from the University of North Carolina at Chapel Hill, one of which is in City and Regional Planning.



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About Par Pacific
Par Pacific Holdings, Inc. (NYSE: PARR), headquartered in Houston, Texas, owns and operates market-leading energy and infrastructure businesses.  Par Pacific’s strategy is to acquire and develop energy and infrastructure businesses in logistically complex markets.  Par Pacific owns and operates one of the largest energy networks in Hawaii with a 94,000-bpd refinery, a logistics system supplying the major islands of the state and 91 retail locations.  In the Pacific Northwest and the Rockies, Par Pacific owns and operates an 18,000-bpd refinery, a logistics system and 33 retail locations.  Par Pacific also owns 46% of Laramie Energy, LLC, a natural gas production company with operations and assets concentrated in Western Colorado.

Forward-Looking Statements
This press release includes certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to qualify for the "safe harbor" from liability established by the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. Additionally, forward looking statements are subject to certain risks, trends, and uncertainties. Par Pacific cannot provide assurances that the assumptions upon which these forward-looking statements are based will prove to have been correct. Should one of these risks materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expressed or implied in any forward-looking statements, and investors are cautioned not to place undue reliance on these forward-looking statements, which are current only as of this date. Par Pacific does not intend to update or revise any forward-looking statements made herein or any other forward-looking statements as a result of new information, future events or otherwise. Par Pacific further expressly disclaims any written or oral statements made by a third party regarding the subject matter of this news release.

Investor Relations Contact
Suneel Mandava
713.969.2136

Media Relations Contact
Jack Lascar
713-529-6600

###


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