CrossAmerica Q2 2021: Adj EBITDA up 7%; begins closing $263M 7-Eleven acquisition; appoints new CFO

CrossAmerica Partners LP

Adjusted EBITDA $29.7M (+7% YoY); Distributable Cash Flow $25.0M vs $26.0M.
Wholesale fuel gallons distributed 331.6M (+27% YoY); margin per gallon 9.2¢ (down 15%).
Retail segment gross profit $21.1M vs $15.9M (+33% YoY).
Began closing on $263M acquisition of 106 stores from 7-Eleven; expects immediate accretion.
Appointed Maura Topper as CFO, effective Aug 11; salary $300K, eligible for incentive program.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Maura Topper

Chief Financial Officer

CAPL · CrossAmerica Partners LP

Effective: 2021-08-11
Filed: August 10, 2021, 7:59 PM ET

On August 9, 2021, the Board of Directors (the “Board”) of CrossAmerica GP LLC, the general partner (the “General Partner”) of CrossAmerica, appointed Maura Topper as Chief Financial Officer of the General Partner, effective as of August 11, 2021.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Maura Topper was appointed as Chief Financial Officer at CrossAmerica Partners LP.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On August 9, 2021, the Board of Directors (the “Board”) of CrossAmerica GP LLC, the general partner (the “General Partner”) of CrossAmerica, appointed Maura Topper as Chief Financial Officer of the General Partner, effective as of August 11, 2021.

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CrossAmerica Partners LP filing history →

Source: SEC EDGAR

accession 0001564590-21-042755

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