8-K
filed May 4, 2023, 7:59 PM ET
ticker PBF
CIK 0001534504
leadership
confidence high
sentiment neutral
materiality 0.70
PBF Energy CEO transition: Nimbley to Executive Chairman, Lucey named CEO effective July 1, 2023
PBF Energy Inc.
- CEO Tom Nimbley transitions to Executive Chairman effective July 1, 2023; base salary reduced from $1.5M to $1.2M.
- President Matthew Lucey appointed CEO and Board member effective July 1, 2023; salary increased to $1.25M.
- Nimbley had been CEO since PBF's 2012 IPO; Lucey joined predecessor company in 2008, served as CFO and EVP.
- Annual meeting results: all 10 director nominees elected, say-on-pay approved, Deloitte & Touche ratified as auditor.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Matthew Lucey was appointed as President and Chief Executive Officer at PBF Energy Inc..
- Action
- appointed
- Role
- President and Chief Executive Officer
Exact text from the filing
The Board of Directors of the Company has appointed Matthew Lucey to become President and Chief Executive Officer and a member of the Board of Directors, in each case, effective as of the Effective Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Thomas Nimbley changed role as Executive Chairman of the Board at PBF Energy Inc..
- Action
- transitioning
- Role
- Executive Chairman of the Board
Exact text from the filing
PBF Energy Inc. (the “Company”) announced today that Thomas Nimbley will be transitioning from his position as Chief Executive Officer of the Company effective July 1, 2023 (the “Effective Date”).
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PBF Energy Inc. shareholders approved Ratification of the appointment of Deloitte & Touche LLP as independent registered public accounting firm for 2023 at the 2023-05-03 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-05-03
Exact text from the filing
The ratification of the appointment of Deloitte & Touche LLP to serve as PBF Energy’s independent registered public accounting firm for 2023 was approved by the stockholders, with the votes, rounded to the nearest whole share, cast as follows: FOR AGAINST ABSTAIN 98,320,533 790,793 239,136
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PBF Energy Inc. shareholders approved Advisory vote on the compensation of Named Executive Officers (Say-on-Pay Vote) at the 2023-05-03 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-05-03
Exact text from the filing
With respect to the advisory vote regarding the 2022 compensation of PBF Energy’s Named Executive Officers, which vote is referred to as the “Say-on-Pay Vote”, the stockholders have approved the compensation of PBF Energy’s Named Executive Officers, with the votes, rounded to the nearest whole share, cast as follows: FOR AGAINST ABSTAIN BROKER NON-VOTE 83,267,801 4,803,341 102,117 11,177,203
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PBF Energy Inc. shareholders approved Election of Directors at the 2023-05-03 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-05-03
Exact text from the filing
The Annual Meeting of Stockholders of PBF Energy Inc. (“PBF Energy”) was held on May 3, 2023. At the Annual Meeting, the stockholders elected each of the following individuals to serve on PBF Energy’s Board of Directors until the 2024 Annual Meeting of Stockholders, or until his or her successor is duly elected and qualified, with the votes, rounded to the nearest whole share, cast as follows: NAME FOR AGAINST ABSTAIN BROKER NON-VOTE Thomas Nimbley 85,391,604 2,717,624 64,031 11,177,203 Spencer Abraham 81,706,376 6,402,215 64,668 11,177,203 Wayne Budd 81,976,515 6,131,689 65,055 11,177,203 Paul J. Donahue, Jr. 86,251,699 1,857,214 64,346 11,177,203 S. Eugene Edwards 84,713,255 3,394,612 65,392 11,177,203 Georganne Hodges 87,689,250 420,265 63,744 11,177,203 Kimberly Lubel 71,072,251 17,037,074 63,934 11,177,203 George Ogden 86,166,994 1,942,168 64,097 11,177,203 Damian W. Wilmot 86,636,186 1,436,028 101,045 11,177,203 Lawrence Ziemba 87,624,389 449,004 99,866 11,177,203
View on SEC.gov
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