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 7, 2008 (January 7, 2008)
HOLLY ENERGY PARTNERS, L.P.
(Exact name of Registrant as specified in its charter)
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| Delaware
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001-32225
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20-0833098 |
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(Commission File Number)
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(I.R.S. Employer |
| jurisdiction of incorporation)
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Identification Number) |
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| 100 Crescent Court,
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75201-6915 |
| Suite 1600
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(Zip code) |
| Dallas, Texas |
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| (Address of principal |
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| executive offices) |
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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))
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain Officers.
Effective January 7, 2008, the following changes were made in the executive officers of Holly
Logistic Services, L.L.C. (the “Company”), which is the general partner of HEP Logistics Holdings,
L.P., which is the general partner of Holly Energy Partners, L.P. (the “Partnership”): Bruce R.
Shaw, a director of the Company, was named Senior Vice President and Chief Financial Officer of the
Company; Stephen J. McDonnell, formerly Vice President and Chief Financial Officer, was named
Assistant to the Chairman; and P. Dean Ridenour, formerly Vice President and Chief Accounting
Officer, has left this position to become a non-employee consultant to the Company. Mr. Ridenour
will remain a director of the Company. In their new capacities, Mr. Shaw will function as
principal financial officer and principal accounting officer of the Company and Mr. McDonnell will
focus his efforts in the areas of investor relations, corporate development and finance.
Between June 1997 and May 2007, Mr. Shaw served in various positions for Holly Corporation,
which owns a 45% interest in the Partnership, including the general partner interest. For Holly
Corporation, Mr. Shaw served as Director of Corporate Development, June 1997 to January 2000; Vice
President, Corporate Development, October 2001 to November 2003; Vice President, Marketing and
Corporate Development, November 2003 to March 2004; Vice President, Corporate Development, March
2004 to February 2005; Vice President, Crude Purchasing and Corporate Development, February 2005 to
February 2006; and Vice President, Corporate Development, February 2006 to May 2007. From June
2007 to August 2007, Mr. Shaw served as President of Standard Supply and Distributing Company, Inc.
and Bartos Industries, Ltd., two companies that are affiliated with each other in the heating,
ventilation, and air conditioning industry. Mr. Shaw rejoined Holly Corporation in September 2007
as Vice President, Special Projects, and on January 7, 2008 became Senior Vice President and Chief
Financial Officer of Holly Corporation. For the Company, Mr. Shaw served as Vice President,
Corporate Development from August 2004 to January 2007, and in April 2007, Mr. Shaw became a
director of the Company. Mr. Shaw has a bachelor’s degree in Mechanical Engineering from Texas A&M
University and a masters degree in Business Administration from The Tuck School at Dartmouth
College. Mr. Shaw is 40 years old.
The Company’s executive officers following these changes are Matthew P. Clifton, Chairman and
Chief Executive Officer; David G. Blair, Senior Vice President; W. John Glancy, Vice President,
General Counsel and Secretary; and Mr. Shaw, Senior Vice President and Chief Financial Officer.