ThZeal - The Zeal

Delaware

1-36550

84-1060803

(State or other jurisdiction
of incorporation)

(Commission
File Number)

(I.R.S. Employer
Identification No.)


825 Town & Country Lane, Suite 1500
Houston,	Texas	77024
(Address of principal executive offices)		(Zip Code)


Title of Class	Trading Symbol(s)	Name of each exchange of which registered
Common stock, $0.01 par value	PARR	New York Stock Exchange

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

James Matthew Vaughn resigned as Executive Vice President, Retail of Par Pacific Holdings, Inc. (the “Company” or “Par Pacific”) effective August 12, 2022.

Mr. Yates, age 62, previously served as the Company’s Senior Vice President since 2015. From September 2007 until May 2015, Mr. Yates served as President and Chief Executive Officer of Mid Pac Petroleum, LLC, which was acquired by the Company in 2015. Mr. Yates holds a bachelor’s degree from the University of Oklahoma in business administration and a law degree from the University of Houston Law Center.

Mr. Yates is entitled to receive an annual base salary of $400,000 paid in accordance with the Company’s payroll practices. Mr. Yates is also eligible to receive an annual performance bonus, depending upon his performance and the Company’s profitability. Mr. Yates’s target bonus is 75% of his annual base salary. Mr. Yates is also eligible to participate in an annual stock-based incentive plan under which Mr. Yates may be awarded restricted stock at the end of each year, subject to certain performance goals.

Mr. Yates is also eligible to participate in any benefit plans that may be offered from time to time by the Company to its employees generally and in the Company’s 401(k) plan, in each case subject to his satisfaction of the applicable eligibility provisions.

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Par Pacific Holdings, Inc.

Dated:

August 17, 2022

/s/ Jeffrey R. Hollis

Jeffrey R. Hollis

Vice President, General Counsel, and Secretary


☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)