UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 16, 2009 (January 12, 2009)
HOLLY CORPORATION
(Exact name of Registrant as specified in its charter)
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Delaware
(State or other jurisdiction of
incorporation)
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001-03876
(Commission File Number)
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75-1056913
(I.R.S. Employer
Identification Number) |
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100 Crescent Court,
Suite 1600
Dallas, Texas
(Address of principal
executive offices)
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75201-6915
(Zip code) |
Registrant’s telephone number, including area code: (214) 871-3555
Not applicable
(Former name or former address, if changed since last report)
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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers
In connection with Stephen J. McDonnell’s January 1, 2009 retirement from Holly Corporation
(“Holly”), the Compensation Committee of the Board of Directors of Holly approved a retirement
package for Mr. McDonnell on January 12, 2009. The retirement package provides for a lump sum
service award to Mr. McDonnell of $524,000 (before deduction of federal income and employment tax
withholding) and extended medical insurance
coverage at an approximate expense to Holly of $22,000. Mr. McDonnell is also eligible to
receive a bonus for the year 2008 in accordance with Holly’s annual bonus procedures.