CVR Energy enters severance agreement with former CFO Tracy Jackson for $789K

CVR ENERGY INC

Cash payments total $789,000: $189,000 upfront plus three $200,000 installments through Aug 2024.
Severance contingent on confidentiality, non-solicitation, non-disparagement, and release of claims.
Ms. Jackson resigned as EVP, CFO and principal accounting officer; this is previously disclosed departure.
Agreement will be filed as exhibit to next quarterly report on Form 10-Q.

item 5.02 item 9.01

Executive movements

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Departed

Tracy D. Jackson

Executive Vice President and Chief Financial Officer

CVI · CVR ENERGY INC

Filed: August 25, 2021, 7:59 PM ET

On August 21, 2021, CVR Energy, Inc. (the “Company”), together with CVR Partners, LP (the “Partnership”) and a subsidiary of the Company, entered into a Severance and Release Agreement (the “Agreement”) with Tracy D. Jackson in connection with her previously disclosed resignation from the positions of Executive Vice President and Chief Financial Officer and principal accounting officer of the Company and the general partner of the Partnership.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Tracy D. Jackson resigned as Executive Vice President and Chief Financial Officer at CVR ENERGY INC.

Action: resigned
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On August 21, 2021, CVR Energy, Inc. (the “Company”), together with CVR Partners, LP (the “Partnership”) and a subsidiary of the Company, entered into a Severance and Release Agreement (the “Agreement”) with Tracy D. Jackson in connection with her previously disclosed resignation from the positions of Executive Vice President and Chief Financial Officer and principal accounting officer of the Company and the general partner of the Partnership.

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Source: SEC EDGAR

accession 0001376139-21-000097

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