-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LPO1Da53tbKUsy9Q8Ty5egovcnA9tkEm9bfpdQTSUljDwpbDGlo7J1OodvASxhAW 2gzg5K2VxMyYBxV7TWBZOQ== 0000950134-05-020871.txt : 20051108 0000950134-05-020871.hdr.sgml : 20051108 20051108160049 ACCESSION NUMBER: 0000950134-05-020871 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20051104 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20051108 DATE AS OF CHANGE: 20051108 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HOLLY CORP CENTRAL INDEX KEY: 0000048039 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] IRS NUMBER: 751056913 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-03876 FILM NUMBER: 051186373 BUSINESS ADDRESS: STREET 1: 100 CRESCENT COURT STREET 2: SUITE 1600 CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 2148713555 MAIL ADDRESS: STREET 1: 100 CRESCENT COURT STREET 2: SUITE 1600 CITY: DALLAS STATE: TX ZIP: 75201 FORMER COMPANY: FORMER CONFORMED NAME: GENERAL APPLIANCE CORP DATE OF NAME CHANGE: 19680508 8-K 1 d30194be8vk.htm FORM 8-K e8vk
 

 
 
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): November 4, 2005
HOLLY CORPORATION
(Exact name of Registrant as specified in its charter)
         
Delaware
(State or other
jurisdiction of incorporation) 		  001-03876
(Commission File Number) 		  75-1056913
(I.R.S. Employer
Identification Number)
     
100 Crescent Court,
Suite 1600
Dallas, Texas
(Address of principal
executive offices) 		  75201-6927
(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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 

 

Item 1.01. Entry into a Material Definitive Agreement.
On November 4, 2005, the Board of Directors of Holly Corporation (the “Company”) approved changes effective January 1, 2006 in the cash portion of compensation paid to the Company’s non-employee directors. Effective January 1, 2006, each non-employee director will receive the following cash compensation for service as a director:
  (a)   an annual cash retainer of $35,000, payable in four quarterly installments
  (b)   a $1,500 meeting fee for attendance at each in-person meeting of the Board of Directors or a Board committee, a $1,500 meeting fee for attendance at each telephone meeting of the Board of Directors or a Board committee that lasts more than two hours, and a $750 meeting fee for attendance at each telephone meeting of the Board of Directors or a Board committee that lasts from one-half hour up to two hours.
In addition, the non-employee director who serves as chairperson of the Audit Committee will receive an annual retainer of $10,000. The non-employee directors who serve as chairpersons of the Public Policy, Compensation and Nominating/Corporate Governance Committees will each receive an annual retainer of $5,000.
No change has been made in the stock portion of compensation paid to non-employee directors, although the matter remains under study.
SIGNATURES
     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 thereunto duly authorized.
         
  HOLLY CORPORATION
 		  
  By:   /s/ Stephen J. McDonnell    
    Stephen J. McDonnell   
    Vice President and Chief Financial
Officer 		  
 
Date: November 8, 2005

 

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