Delek US Holdings, Inc. — fact timeline

Delek US Holdings, Inc. amended Amendment No. 1 with Wells Fargo Bank, National Association, MUFG Bank, Ltd., U.S. Bank Trust Company, National Association valued at $850.0 million (effective 2026-05-15).

“On May 15, 2026 (the “Closing Date”), Delek US Holdings, Inc. (the “Company”) closed the previously announced amendment (“Amendment No. 1”) to the Amended and Restated Term Loan Credit Agreement, dated as of November 18, 2022 (the “Existing Term Credit Facility", and as amended by Amendment No. 1, the “Term Credit Facility”), by and among the Company, as borrower, certain subsidiaries of the Company, as guarantors, the lenders party thereto, and Wells Fargo Bank, National Association, as administrative agent and collateral agent for the lenders prior to giving effect to Amendment No. 1.”

Delek US Holdings, Inc. reported first quarter ended March 31, 2026 results: net income net loss of $201.3 million, EPS $(3.34) per share.

“Delek US reported a first quarter net loss of $201.3 million or $(3.34) per share, adjusted net income of $4.7 million or $0.08 per share and adjusted EBITDA of $211.7 million”

Delek US Holdings, Inc. amended revolving credit of increases the revolving loan commitments from $1,100.0 million to $1,250.0 million with Wells Fargo Bank, National Association at reduces the interest rate margins applicable to the Revolving Facility by 0.25% maturing April 9, 2031.

“Amendment No. 4, among other modifications, (i) increases the revolving loan commitments from $1,100.0 million to $1,250.0 million (the “Revolving Facility”), (ii) extends the maturity date of the Revolving Facility from October 26, 2027 to April 9, 2031”

Delek US Holdings, Inc. amended Amendment No. 4 to Third Amended and Restated Credit Agreement with Wells Fargo Bank, National Association (effective 2026-04-09).

“On April 9, 2026, Delek US Holdings, Inc. (the “Company”) entered into Amendment No. 4 to Third Amended and Restated Credit Agreement (“Amendment No. 4”) among the Company, as borrower, certain wholly-owned subsidiaries of the Company, as guarantors, Wells Fargo Bank, National Association, as administrative agent and certain other lenders party thereto.”

Delek US Holdings, Inc. completed an acquisition involving Gravity Water Intermediate Holdings LLC (closed 2025-01-02).

“On January 2, 2025, Delek Logistics Partners, LP (the “Partnership”) completed the acquisition (the “Gravity Acquisition”) of 100% of the limited liability company interests in Gravity Water Intermediate Holdings LLC (“Gravity”).”

Reuven Spiegel changed role as Chief Financial Officer at Delek US Holdings, Inc..

“will transition from his role as Chief Financial Officer on March 1, 2025.”

Reuven Spiegel was appointed as Executive Vice President, Delek Logistics at Delek US Holdings, Inc..

“will also serve as the Executive Vice President, Delek Logistics, effective February 12, 2025.”

Delek US Holdings, Inc. completed a disposition involving Emprex Proximity LLC (a subsidiary of FEMSA) for approximately $385 million (closed 2024-09-30).

“in its subsidiaries that own its retail related assets to Emprex Proximity LLC, a Delaware limited liability company (“Emprex”) for gross cash consideration of approximately $385 million (including the purchase of inventories) pursuant to that certain Equity Purchase Agreement dated July 31, 2024 (the "Purchase Agreement"), by and among Alon and Emprex. As a part”

Delek US Holdings, Inc. reported the quarter ended March 31, 2024 results: net income Net loss of $32.6 million, EPS $(0.51) per share.

“On May 7, 2024, Delek US Holdings, Inc. (the “Company”) announced its financial results for the quarter ended March 31, 2024.”

Delek US Holdings, Inc.: Added officer exculpation provisions to the certificate of incorporation, exculpating certain officers for breach of fiduciary duty claims as permitted by new Delaware law (effective 2024-05-02).

“On May 2, 2024, the Company filed with the Secretary of State of the State of Delaware the Amendment that, effective upon filing, added certain provisions to incorporate new Delaware law provisions regarding officer exculpation.”

Delek US Holdings, Inc. shareholders approved Ratification of the Appointment of Auditors at the 2024-05-02 meeting.

“Proposal 4 Ratification of the Appointment of Auditors Ratification of the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the 2024 fiscal year was approved by the following vote: For Against Abstain Broker Non-Votes 55,479,468 1,857,944 42,217 0”

Delek US Holdings, Inc. shareholders approved Amendment to the Second Amended and Restated Certificate of Incorporation at the 2024-05-02 meeting.

“Proposal 3 Amendment to the Second Amended and Restated Certificate of Incorporation Voting results for the approval of the amendment to the Certificate of Incorporation (the "Amendment") were as follows: For Against Abstain Broker Non-Votes 43,760,866 7,289,823 45,952 6,282,988”

Delek US Holdings, Inc. shareholders approved Advisory Resolution on Executive Compensation at the 2024-05-02 meeting.

“Proposal 2 Advisory Resolution on Executive Compensation The Company's executive compensation program for our named executive officers, as described in the Proxy Statement, was approved on an advisory, non-binding basis, by the following vote: For Against Abstain Broker Non-Votes 48,688,926 2,325,160 82,555 6,282,988”

Delek US Holdings, Inc. shareholders approved Election of Ten Directors at the 2024-05-02 meeting.

“Proposal 1 Election of Ten Directors Voting results for the election of directors were as follows: Nominees For Against Abstain Broker Non-Votes Ezra Uzi Yemin 50,095,567 898,787 102,287 6,282,988 Avigal Soreq 50,350,546 643,499 102,596 6,282,988 Christine Benson Schwartzstein 50,579,786 414,847 102,008 6,282,988 William J. Finnerty 49,305,038 1,693,813 97,790 6,282,988 Richard J. Marcogliese 50,277,195 721,905 97,541 6,282,988 Leonardo Moreno 50,538,740 459,805 98,096 6,282,988 Gary M. Sullivan, Jr. 49,345,321 1,652,182 99,138 6,282,988 Vasiliki (Vicky) Sutil 49,485,298 1,509,794 101,549 6,282,988 Laurie Z. Tolson 49,332,462 1,660,001 104,178 6,282,988 Shlomo Zohar 45,326,235 5,664,431 105,975 6,282,988”

Delek US Holdings, Inc. reported Full-Year 2023 results: net income Net income of $19.8 million, EPS $0.30 per share.

“Full-Year 2023 • Net income of $19.8 million or $0.30 per share”

Delek US Holdings, Inc. reported the quarter ended December 31, 2023 results: net income Net loss of $164.9 million, EPS $2.57 per share.

“Delek US Holdings, Inc. (the “Company”) announced its financial results for the quarter ended December 31, 2023.”

Christine Benson Schwartzstein was appointed as independent director at Delek US Holdings, Inc..

“On January 16, 2024, Christine Benson Schwartzstein was appointed to the Board of Directors (the "Board") of Delek US Holdings, Inc. (the "Company" or "Delek US") as an independent director, effective immediately.”

Delek US Holdings, Inc. amended Amendment to the Inventory Intermediation Agreement with Citigroup Energy Inc. valued at $250 million (effective 2023-12-21).

“☐ Item 1.01 Entry into a Material Definitive Agreement Amendment to the Inventory Intermediation Agreement On December 21, 2023, DK Trading & Supply, LLC (“DKTS”), an indirect subsidiary of Delek US Holdings, Inc.”

Delek US Holdings, Inc. reported third quarter ended September 30, 2023 results: net income Net income of $128.7 million, EPS diluted income per share $1.97.

“Delek US Holdings Reports Third Quarter 2023 Results • Net income of $128.7 million or $1.97 per share • Adjusted net income of $131.9 million or $2.02 per share • Adjusted EBITDA of $345.1 million • Delivered record total throughput in Refining and quarterly earnings in Logistics • Returned $40.2 million to shareholders through dividends and share buy backs and in addition repurchased $20.0 million in shares subsequent to quarter end • Paid down $175.6 million in debt • Increased quarterly dividend to $0.24 per share in November BRENTWOOD, Tenn.-- November 7, 2023 -- Delek US Holdings, Inc. (NYSE: DK) (“Delek US”, "Company") today announced financial results for its third quarter ended September 30, 2023.”

Delek US Holdings, Inc. reported second quarter ended June 30, 2023 results: net income Net loss of $8.3 million or $0.13 per share, EPS $0.13 per share.

“On August 7, 2023, Delek US Holdings, Inc. (the “Company”) announced its financial results for the quarter ended June 30, 2023.”

Delek US Holdings, Inc. reported first quarter ended March 31, 2023 results: net income Net income of $64.3 million, EPS $0.95 per share.

“Delek US Holdings Reports First Quarter 2023 Results • Net income of $64.3 million or $0.95 per share”

Delek US Holdings, Inc. shareholders approved Ratification of the Appointment of Auditors at the 2023-05-03 meeting.

“Proposal 5 Ratification of the Appointment of Auditors Ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the 2023 fiscal year was approved by the following vote: For Against Abstain Broker Non-Votes 57,781,203 2,235,282 31,671 —”

Delek US Holdings, Inc. shareholders approved Approval of the Amendment to our 2016 Long-Term Incentive Plan at the 2023-05-03 meeting.

“Proposal 4 Approval of the Amendment to our 2016 Long-Term Incentive Plan The Amendment to the Plan was approved by the following vote: For Against Abstain Broker Non-Votes 52,977,571 2,493,301 61,739 4,515,545”

Delek US Holdings, Inc. shareholders approved Advisory Resolution on Executive Compensation Advisory Vote Frequency at the 2023-05-03 meeting.

“Proposal 3 Advisory Resolution on Executive Compensation Advisory Vote Frequency On the advisory, non-binding resolution on the frequency of stockholder votes on the Company’s executive compensation program for our named executive officers, the option for “one year” received the most votes, as follows: One Year Two Years Three Years Abstain Broker Non-Votes 51,475,691 19,301 3,967,426 70,193 —”

Delek US Holdings, Inc. shareholders approved Advisory Resolution on Executive Compensation at the 2023-05-03 meeting.

“Proposal 2 Advisory Resolution on Executive Compensation The Company’s executive compensation program for our named executive officers, as described in the Proxy Statement, was approved on an advisory, non-binding basis, by the following vote: For Against Abstain Broker Non-Votes 54,534,046 950,186 48,379 4,515,545”

Delek US Holdings, Inc. shareholders approved Election of Nine Directors at the 2023-05-03 meeting.

“Proposal 1 Election of Nine Directors Voting results for the election of directors were as follows: Nominees For Against Abstain Broker Non-Votes Ezra Uzi Yemin 54,310,863 1,174,248 47,500 4,515,545 Avigal Soreq 55,164,155 321,635 46,821 4,515,545 William J. Finnerty 53,250,263 2,235,758 46,590 4,515,545 Richard J. Marcogliese 54,950,361 535,934 46,316 4,515,545 Leonardo Moreno 54,996,994 480,422 55,195 4,515,545 Gary M. Sullivan, Jr. 53,782,421 1,703,750 46,440 4,515,545 Vasiliki (Vicky) Sutil 48,661,384 6,825,687 45,540 4,515,545 Laurie Z. Tolson 54,316,892 1,168,193 47,526 4,515,545 Shlomo Zohar 53,262,460 2,223,705 46,446 4,515,545 Accordingly, all nine of the Company’s nominees were elected to serve as directors of the Company until the 2024 Annual Meeting of Stockholders or until their respective successors are appointed, elected and qualified.”

Nithia Thaver departed as Executive Vice President, President of Refining at Delek US Holdings, Inc..

“On March 23, 2023, Nithia Thaver, the Company’s Executive Vice President, President of Refining, announced he will depart the company.”

Todd O'Malley resigned as Executive Vice President and Chief Operating Officer at Delek US Holdings, Inc..

“On March 21, 2023, Todd O’Malley, the Company’s Executive Vice President and Chief Operating Officer, resigned to pursue other opportunities and will remain with the company until September 22, 2023 to ensure a smooth transition.”

Tommy Chavez was appointed as Senior Vice President, Refining at Delek US Holdings, Inc..

“Tommy Chavez will be named Senior Vice President, Refining, effective April 10, 2023, and will oversee refining operations at the Company.”

Joseph Israel was appointed as Executive Vice President, Operations at Delek US Holdings, Inc..

“Joseph Israel will join the Company as Executive Vice President, Operations, effective March 27, 2023, and will be responsible for refining operations at the Company and logistics operations at Delek Logistics Partners, LP.”

Delek US Holdings, Inc. reported the quarter ended December 31, 2022 results: net income $118.7 million, EPS $1.73 per share.

“Fourth Quarter • Net loss of $118.7 million for fourth quarter or $1.73 per share”

Delek US Holdings, Inc. terminated Prior S&O Agreements with J. Aron & Company LLC (effective 2022-12-27).

“On December 27, 2022, in connection with entry into the Inventory Intermediation Agreement, DKTS, the Refinery Companies and J. Aron & Company LLC (“J. Aron”) agreed to terminate the Third Amended and Restated Supply and Offtake Agreement, dated as of April 7, 2020, between J. Aron and ARKS (the “ARKS S&O Agreement”), the Third Amended and Restated Supply and Offtake Agreement, dated as of April 7, 2020, between J. Aron and Alon (the “Alon S&O Agreement”), and the Third Amended and Restated Supply and Offtake Agreement, dated as of April 7, 2020, between J. Aron and Lion Oil (the “Lion S&O Agreement”, and together with the ARKS S&O Agreement and the Alon S&O Agreement, the “Prior S&O Agreements”), with each such termination to be effective as of December 30, 2022.”

Delek US Holdings, Inc. amended First Amendment to Third Amended and Restated Credit Agreement with Wells Fargo Bank, National Association, as administrative agent, the Company, as borrower, certain subsidiaries of the Company, as guarantors, and the other lenders party thereto (effective 2022-12-22).

“On December 22, 2022, in connection with entry into the Inventory Intermediation Agreement, the Company entered into Amendment No. 1 (the “First Amendment”) to its Third Amended and Restated Credit Agreement (the “ABL Credit Agreement”) with Wells Fargo Bank, National Association, as administrative agent, the Company, as borrower, certain subsidiaries of the Company, as guarantors, and the other lenders party thereto.”

Delek US Holdings, Inc. entered into Pledge and Security Agreement with Citigroup Energy Inc. (effective 2022-12-22).

“On December 22, 2022, in connection with entry into the Inventory Intermediation Agreement, DKTS and Citi entered into a pledge and security agreement (the “Pledge and Security Agreement”), pursuant to which DKTS agreed to grant to Citi, effective December 30, 2022 subject to certain conditions precedent, (i) in the case any transaction for the sale, assignment, delivery and transfer of ownership of the hydrocarbons pursuant to the Inventory Intermediation Agreement is found not be a true sale, a security interest in certain crude oil, refined petroleum products and other hydrocarbons at certain locations and (ii) a security interest in all business interruption insurance associated with the hydrocarbons sold.”

Delek US Holdings, Inc. entered into Inventory Intermediation Agreement with Citigroup Energy Inc. valued at up to $800 million (effective 2022-12-22).

“On December 22, 2022, DK Trading & Supply, LLC (“DKTS”), an indirect subsidiary of Delek US Holdings, Inc. (the “Company”), acting on behalf of, and jointly and severally liable with, each of (i) Lion Oil Company, LLC (“Lion Oil”), (ii) Alon Refining Krotz Springs, Inc. (“ARKS”) and (iii) Alon USA, LP (“Alon” and together with each of Lion Oil and ARKS, the “Refinery Companies” and each a “Refinery Company”) entered into an inventory intermediation agreement (the “Inventory Intermediation Agreement”) with Citigroup Energy Inc. (“Citi”).”

Delek US Holdings, Inc. entered into Amended and Restated Term Loan Credit Agreement with Wells Fargo Bank, National Association, as administrative agent valued at $950 million (effective 2022-11-18).

“On November 18, 2022 (the “Closing Date”), Delek US Holdings, Inc. (the “Company”) entered into an amended and restated term loan credit agreement (the “Amended and Restated Term Loan Credit Agreement”) with Wells Fargo Bank, National Association, as administrative agent (the “Term Administrative Agent”), the Company, as borrower, and the lenders party thereto, providing for a senior secured term loan facility in an initial principal amount of $950 million (the “Term Credit Facility”).”

Delek US Holdings, Inc. reported the quarter ended September 30, 2022 results: net income $7.4 million, EPS $0.10 per share.

“Delek US Holdings, Inc. (the “Company”) announced its financial results for the quarter ended September 30, 2022.”

Delek US Holdings, Inc.: Amended and restated bylaws to require compliance with Rule 14a-19 for stockholder nominations, authorize Board to determine notice compliance, require additional information and a 67% voting power solicitation undertaking (effective 2022-10-31).

“On October 31, 2022, the Board of Directors (the “Board”) of Delek US Holdings, Inc. (the “Company”) amended and restated the Company’s bylaws (the “Amended and Restated Bylaws”) to (i) require that for nominations of persons for election to the Board or other business to be properly brought before an annual meeting by a stockholder, the stockholder must have complied in all respects with the requirements of Regulation 14A under the Exchange Act, including the requirements of Rule 14a-19 under the Exchange Act, (ii) authorize the Board or an executive officer designated by the Board to determine whether a stockholder has satisfied the notice requirements pursuant to the Amended and Restated Bylaws, (iii) require a stockholder nominating a person for election to the Board to provide such other information as may be reasonably requested by the Company to facilitate disclosure to all stockholders of all material facts that are relevant for stockholders to make an informed decision on the”

Avigal Soreq was appointed as Director at Delek US Holdings, Inc..

“increased the size of the Board from eight to nine directors and appointed Avigal Soreq, the Company’s President and Chief Executive Officer, to fill the resulting vacancy as a director of the Company.”

Avigal Soreq was appointed as President and Chief Executive Officer at Delek US Holdings, Inc..

“Mr. Soreq, age 44, rejoined the Company as President and Chief Executive Officer on June 9, 2022”

Leonardo Moreno was appointed as Director at Delek US Holdings, Inc..

“On March 27, 2022, the Board appointed Leonardo Moreno as a director of the Company’s Board, effective immediately.”

Nithia Thaver was named as Executive Vice President and President of Refining at Delek US Holdings, Inc..

“The Company also announced that it has named Nithia Thaver an Executive Vice President and the Company’s President of Refining.”

Todd O'Malley was named as Chief Operating Officer at Delek US Holdings, Inc..

“Effective March 27, 2022, the Board named Todd O’Malley the Chief Operating Officer of the Company.”

Avigal Soreq was appointed as President and Chief Executive Officer at Delek US Holdings, Inc..

“Under the succession plan, the Board has approved the appointment of Avigal Soreq as the next President and Chief Executive Officer of the Company, to be effective in June 2022.”

Uzi Yemin changed role as Executive Chairman of the Board of Directors at Delek US Holdings, Inc..

“On March 28, 2022, Delek US Holdings, Inc. (the “Company”) announced a CEO succession plan under which Ezra Uzi Yemin, the Company’s current President and Chief Executive Officer, will become Executive Chairman of the Board of Directors (the “Board”).”

Robert Wright was appointed as principal accounting officer at Delek US Holdings, Inc..

“Robert Wright, Delek's Vice President and Corporate Controller, will replace Ms. Staskus as the principal accounting officer of Delek and Delek Logistics, effective as of January 24, 2022.”

Nilah Staskus resigned as Senior Vice President and Chief Accounting Officer at Delek US Holdings, Inc..

“On January 5, 2022, Nilah Staskus tendered her resignation as the Senior Vice President and Chief Accounting Officer of Delek US Holdings, Inc. ("Delek") and its subsidiaries, including Delek Logistics Partners, LP ("Delek Logistics"), effective as of January 24, 2022.”

Nithia Thaver was appointed as Senior Vice President, Refining at Delek US Holdings, Inc..

“Nithia Thaver, Delek's Senior Vice President, Refining, has assumed Mr. LaBella's responsibilities.”

Louis LaBella departed as EVP and President of Refining at Delek US Holdings, Inc..

“Louis LaBella, Delek's EVP and President of Refining, passed away following a brief illness.”