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Form 8-K · Current Report · Filed 2024-02-14

HF Sinclair Board Appoints New Director and Increases Dividend

On February 13, 2024, HF Sinclair Corporation expanded its Board from twelve to thirteen members by appointing Jeanne M.

Filer
Hf Sinclair Corporation DINO · NYSE
Filed
Accession
0001915657-24-000029
CIK
0001915657
Signal
High impactEnergy

Details

Johns as an independent director. Ms. Johns, with extensive experience in the oil and gas industry, will not participate in any committee until further notice. Also on February 13, Norman J. Szydlowski offered his resignation from the Board, which was accepted by the Board on February 14, effective at the 2024 Annual Meeting. Additionally, HF Sinclair declared a regular quarterly dividend of $0.50 per share, an increase from the previous dividend of $0.45 per share.

Items reported

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

New CEO Appointed Board Member Appointed
Item 7.01

Regulation FD Disclosure

Press Release Furnished Dividend Announced
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$58.76

Next session

+3.7%

Since filing

+55.7%

Latest close

$91.47

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from DINO reporting the same item, with the next session's move:

HF Sinclair's General Counsel to Resign-1.3%
HF Sinclair Corporation Updates Corporate Governance with Bylaw Amendments-1.2%
HF Sinclair Repurchases Shares from REH Company-4.3%
HF Sinclair Announces Completion of Holly Energy Partners Acquisition and 2024 Financial Strategy-3.1%

Exhibits (2)

About Hf Sinclair Corporation

Hf Sinclair Corporation is an integrated energy company involved in refining, marketing, and distributing petroleum products. Its primary focus is on supplying fuel and specialty lubricant products, with operations that extend into petrochemicals and renewable fuels. Serving various sectors such as automotive, industrial, and agricultural, Hf Sinclair plays a crucial role in the energy supply chain by processing crude oil into refined products, including gasoline and diesel. The company's refining operations are strategically located across the United States, facilitating efficient distribution across diverse markets. With a commitment to sustainability, Hf Sinclair is also investing in renewable energy solutions and reducing carbon emissions. As a significant player in the energy sector, the corporation contributes to both local and global energy supplies, impacting market dynamics through its production capacities and strategic initiatives. Founded through a merger of HollyFrontier Corporation and Sinclair Oil Corporation, Hf Sinclair combines extensive industry expertise with a robust operational network, making it a key participant in the broader energy landscape.

Exchange NYSE Industry Oil & Gas Refining & Marketing Company website ↗

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