--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-24-177313" form_type: "8-K12B" ticker: "CLMT" cik: "0002013745" company_name: "Calumet, Inc. /DE" filed_at: "2024-07-10T23:59:59+00:00" generated_at: "2026-05-31T22:17:18.693615+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.75 calibrated_materiality_score: 0.75 confidence: "high" source: SEC EDGAR --- # Calumet completes conversion from MLP to C-corp, begins trading as CLMT ## Summary - Conversion closed July 10, 2024; all Partnership common units exchanged for equal number of Calumet, Inc. shares. - Sponsor parties received 5.5M shares and 2.0M warrants exercisable at $20/share as partial consideration. - New nine-member board appointed; Stephen Mawer as Chair; committees established. - Registration rights agreement requires shelf filing within 30 days; piggyback rights granted. - Common stock to trade on Nasdaq under CLMT starting July 11, 2024. ## SEC filing metadata - accession: 0001193125-24-177313 - form_type: 8-K12B - ticker: CLMT - cik: 0002013745 - company_name: Calumet, Inc. /DE - filed_at: 2024-07-10T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.75 - calibrated_materiality_score: 0.75 - confidence: high - sec_items: 1.01, 2.01, 3.03, 5.03, 5.01, 5.02, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/2013745/000119312524177313/0001193125-24-177313-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2013745/000119312524177313/d860762d8k12b.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-24-177313 - JSON: https://secwatch.observer/filing/0001193125-24-177313.json - Plain text: https://secwatch.observer/filing/0001193125-24-177313.txt ## Key facts - Executive change Paul C. Raymond III was appointed as Director at Calumet, Inc. /DE. - Action: appointed - Role: Director source text: appointed James S. Carter, Daniel J. Sajkowski, Amy M. Schumacher, Daniel L. Sheets, Paul C. Raymond III, Jennifer G. Straumins, John G. Boss, Karen A. Twitchell and Todd Borgmann (collectively, the “Appointed Directors”) to the Board. evidence_url: https://www.sec.gov/Archives/edgar/data/2013745/000119312524177313/0001193125-24-177313-index.htm - Executive change Daniel J. Sajkowski was appointed as Director at Calumet, Inc. /DE. - Action: appointed - Role: Director source text: appointed James S. Carter, Daniel J. Sajkowski, Amy M. Schumacher, Daniel L. Sheets, Paul C. Raymond III, Jennifer G. Straumins, John G. Boss, Karen A. Twitchell and Todd Borgmann (collectively, the “Appointed Directors”) to the Board. evidence_url: https://www.sec.gov/Archives/edgar/data/2013745/000119312524177313/0001193125-24-177313-index.htm - Executive change Todd Borgmann was appointed as Director at Calumet, Inc. /DE. - Action: appointed - Role: Director source text: appointed James S. Carter, Daniel J. Sajkowski, Amy M. Schumacher, Daniel L. Sheets, Paul C. Raymond III, Jennifer G. Straumins, John G. Boss, Karen A. Twitchell and Todd Borgmann (collectively, the “Appointed Directors”) to the Board. evidence_url: https://www.sec.gov/Archives/edgar/data/2013745/000119312524177313/0001193125-24-177313-index.htm - Executive change Karen A. Twitchell was appointed as Director at Calumet, Inc. /DE. - Action: appointed - Role: Director source text: appointed James S. Carter, Daniel J. Sajkowski, Amy M. Schumacher, Daniel L. Sheets, Paul C. Raymond III, Jennifer G. Straumins, John G. Boss, Karen A. Twitchell and Todd Borgmann (collectively, the “Appointed Directors”) to the Board. evidence_url: https://www.sec.gov/Archives/edgar/data/2013745/000119312524177313/0001193125-24-177313-index.htm - Executive change Daniel L. Sheets was appointed as Director at Calumet, Inc. /DE. - Action: appointed - Role: Director source text: appointed James S. Carter, Daniel J. Sajkowski, Amy M. Schumacher, Daniel L. Sheets, Paul C. Raymond III, Jennifer G. Straumins, John G. Boss, Karen A. Twitchell and Todd Borgmann (collectively, the “Appointed Directors”) to the Board. evidence_url: https://www.sec.gov/Archives/edgar/data/2013745/000119312524177313/0001193125-24-177313-index.htm - Executive change John G. Boss was appointed as Director at Calumet, Inc. /DE. - Action: appointed - Role: Director source text: appointed James S. Carter, Daniel J. Sajkowski, Amy M. Schumacher, Daniel L. Sheets, Paul C. Raymond III, Jennifer G. Straumins, John G. Boss, Karen A. Twitchell and Todd Borgmann (collectively, the “Appointed Directors”) to the Board. evidence_url: https://www.sec.gov/Archives/edgar/data/2013745/000119312524177313/0001193125-24-177313-index.htm - Executive change Amy M. Schumacher was appointed as Director at Calumet, Inc. /DE. - Action: appointed - Role: Director source text: appointed James S. Carter, Daniel J. Sajkowski, Amy M. Schumacher, Daniel L. Sheets, Paul C. Raymond III, Jennifer G. Straumins, John G. Boss, Karen A. Twitchell and Todd Borgmann (collectively, the “Appointed Directors”) to the Board. evidence_url: https://www.sec.gov/Archives/edgar/data/2013745/000119312524177313/0001193125-24-177313-index.htm - Executive change Stephen P. Mawer was appointed as Chairperson of the Board at Calumet, Inc. /DE. - Action: appointed - Role: Chairperson of the Board source text: Stephen P. Mawer previously served as the sole director of the Company and was appointed as the Chairperson of the Board upon completion of the Conversion. evidence_url: https://www.sec.gov/Archives/edgar/data/2013745/000119312524177313/0001193125-24-177313-index.htm - Executive change Jennifer G. Straumins was appointed as Director at Calumet, Inc. /DE. - Action: appointed - Role: Director source text: appointed James S. Carter, Daniel J. Sajkowski, Amy M. Schumacher, Daniel L. Sheets, Paul C. Raymond III, Jennifer G. Straumins, John G. Boss, Karen A. Twitchell and Todd Borgmann (collectively, the “Appointed Directors”) to the Board. evidence_url: https://www.sec.gov/Archives/edgar/data/2013745/000119312524177313/0001193125-24-177313-index.htm - Executive change James S. Carter was appointed as Director at Calumet, Inc. /DE. - Action: appointed - Role: Director source text: appointed James S. Carter, Daniel J. Sajkowski, Amy M. Schumacher, Daniel L. Sheets, Paul C. Raymond III, Jennifer G. Straumins, John G. Boss, Karen A. Twitchell and Todd Borgmann (collectively, the “Appointed Directors”) to the Board. evidence_url: https://www.sec.gov/Archives/edgar/data/2013745/000119312524177313/0001193125-24-177313-index.htm - M&A Transactions Calumet, Inc. /DE underwent a change of control involving Calumet Specialty Products Partners, L.P., Calumet GP, LLC, The Heritage Group (closed 2024-07-10). - Action: change of control - Counterparty: Calumet Specialty Products Partners, L.P., Calumet GP, LLC, The Heritage Group - Closing: 2024-07-10 source text: On July 10, 2024, the Company completed the previously announced transactions contemplated by the Conversion Agreement. evidence_url: https://www.sec.gov/Archives/edgar/data/2013745/000119312524177313/0001193125-24-177313-index.htm - M&A Transactions Calumet, Inc. /DE completed an acquisition involving Calumet Specialty Products Partners, L.P. (closed 2024-07-10). - Action: acquisition - Counterparty: Calumet Specialty Products Partners, L.P. - Closing: 2024-07-10 source text: Merger Sub II merged with and into the Partnership, with the Partnership continuing as the surviving entity and a wholly owned subsidiary of the Company, and all of the common units representing limited partner interests in the Partnership (“Common Units”) were exchanged into the right to receive an equal number of shares of Common Stock (the “Partnership Merger”); evidence_url: https://www.sec.gov/Archives/edgar/data/2013745/000119312524177313/0001193125-24-177313-index.htm - M&A Transactions Calumet, Inc. /DE completed an acquisition involving Calumet GP, LLC for 5.5 million shares of Common Stock and 2.0 million Warrants (closed 2024-07-10). - Action: acquisition - Counterparty: Calumet GP, LLC - Consideration: 5.5 million shares of Common Stock and 2.0 million Warrants - Closing: 2024-07-10 source text: Merger Sub I merged with and into the General Partner, with the General Partner continuing as the surviving entity and a wholly owned subsidiary of the Company, and all outstanding equity interests of the General Partner were exchanged into the right to receive an aggregate of 5.5 million shares of Common Stock and 2.0 million Warrants (the “GP Merger”). evidence_url: https://www.sec.gov/Archives/edgar/data/2013745/000119312524177313/0001193125-24-177313-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.