secwatch.observer — SEC 8-K summary
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Issuer:     PAR PACIFIC HOLDINGS, INC. (PARR)
CIK:        0000821483
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001437749-24-005916
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Par Pacific CEO William Pate to retire; President Will Monteleone named CEO
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- William Pate will retire as CEO effective April 30, 2024; he will remain on the Board.
- Will Monteleone, currently President, appointed CEO; he has been with Par Pacific over a decade.
- Monteleone's base salary increases to $750,000/yr; target bonus 100% of salary, LTIP 300%.
- Monteleone receives one-time option grant of 350,000 shares vesting in 5 years.
- Pate's unvested restricted stock and PRSU awards will accelerate and vest on retirement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/821483/000143774924005916/0001437749-24-005916-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/821483/000143774924005916/parr20240228_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-005916

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer