0001628280-15-004059.txt : 20150511 0001628280-15-004059.hdr.sgml : 20150511 20150511171325 ACCESSION NUMBER: 0001628280-15-004059 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20150508 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20150511 DATE AS OF CHANGE: 20150511 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PAR PETROLEUM CORP/CO CENTRAL INDEX KEY: 0000821483 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 841060803 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36550 FILM NUMBER: 15851782 BUSINESS ADDRESS: STREET 1: 800 GESSNER ROAD, SUITE 875 CITY: HOUSTON STATE: TX ZIP: 77024 BUSINESS PHONE: 7139693293 MAIL ADDRESS: STREET 1: 800 GESSNER ROAD, SUITE 875 CITY: HOUSTON STATE: TX ZIP: 77024 FORMER COMPANY: FORMER CONFORMED NAME: DELTA PETROLEUM CORP/CO DATE OF NAME CHANGE: 19920703 8-K 1 a8-kxappointmentofwalterdo.htm 8-K 8-K-AppointmentofWalterDods

 
 

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): May 8, 2015
 
 

Par Petroleum Corporation
(Exact name of registrant as specified in its charter)
 
 

 
 
 
 
 
 
Delaware
 
1-36550
 
84-1060803
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(I.R.S. Employer
Identification No.)
 
 
 
 
800 Gessner Road, Suite 875
Houston, Texas
 
77024
(Address of principal executive offices)
 
(Zip Code)
(713) 969-3293
(Registrant’s telephone number, including area code)
 
(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 (see General Instruction A.2. below):
 
¨
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)
 
¨
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))
 
 
 

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

On May 8, 2015, Par Petroleum Corporation (the “Company”) appointed Walter A. Dods, Jr. to the Company’s Board of Directors, such appointment to be effective immediately following the Company’s 2015 annual meeting of stockholders (the “Annual Meeting”), which will be held on June 3, 2015. Mr. Dods is being appointed to the Company’s Board of Directors in order to fill the vacancy that will be created on the Company’s Board of Directors by the expiration of Jacob Mercer’s term as a director at the Annual Meeting.

Mr. Dods, age 73, was Chairman of the Board of First Hawaiian Bank from January 2005 until his retirement in December 2008. Mr. Dods currently serves as Chairman of the Board of Matson, Inc., a leading provider of ocean transportation and logistics services, a position he has held since January 2010, and as a director of Matson, Inc. since 1989. He also currently serves on the boards of Bancwest Corporation, Bank of the West, First Hawaiian Bank (past Chairman), Hawaiian Telcom (past Chairman), Pacific Guardian Life, Pohaku Pa’a, and Servco Pacific Inc. Additionally, Mr. Dods serves on several civic and community boards throughout the State of Hawaii, including Chaminade University of Honolulu. Mr. Dods was a shareholder of Koko’oha Investments, Inc. (“Koko’oha”) and the Chairman of the Boards of each of Koko’oha and Mid Pac Petroleum, LLC, a wholly-owned subsidiary of Koko’oha, until the merger of Koko’oha with and into a subsidiary of the Company in April 2015. In 2004, Mr. Dods was awarded the Order of the Rising Sun, with Gold and Silver Star, an imperial honor from the Government of Japan. Mr. Dods received a bachelor’s degree in business administration from the University of Hawaii.

The Company is not aware of any other arrangement or understanding between Mr. Dods and any other person pursuant to which Mr. Dods will be appointed to the board of directors. Mr. Dods will participate in the non-employee director compensation programs of the Company, as described in its most recent proxy statement, as such programs are amended from time to time.



Item 7.01 Regulation FD Disclosure.

On May 11, 2015, the Company issued a press release reporting the election of a director. The press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.


Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
 
99.1
  Press release dated May 11, 2015.




SIGNATURE
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 Petroleum Corporation
 
 
 
 
 
Dated: May 11, 2015
 
 
 
/s/ Brice Tarzwell
 
 
 
 
Brice Tarzwell
Senior Vice President, Chief Legal Officer and Secretary
 


1
4913285v3
EX-99.1 2 a991newdirectordods.htm EXHIBIT 99.1 991NewDirectorDods

NEWS RELEASE

Par Petroleum Appoints Walter A. Dods, Jr. as Independent Director

HOUSTON, May 11, 2015 – Par Petroleum Corporation (NYSE MKT: PARR), a growth-oriented integrated refiner and marketer of petroleum products, announced today that Walter A. Dods, Jr. has been appointed to its Board of Directors effective immediately following the Company’s 2015 annual meeting of stockholders (the “Annual Meeting”) to be held on June 3, 2015.
Melvyn N. Klein, Chairman of the Board, said, “We are very pleased to welcome Walter Dods to our Board; his business successes and reputation are exceptional. His experience as a director as well as his proven expertise in many areas, including marketing, will add tremendous value to Par; he will bring another voice of experience to matters of essential importance to our businesses, our clients and our shareholders. We look forward to the contributions Walter will make to our continued growth and success.”
Mr. Dods served as Chairman of the Board of First Hawaiian Bank from January 2005 until his retirement in December 2008. Mr. Dods also served on the boards of Koko’oha and Mid Pac Petroleum, LLC until April 2015. Mr. Dods currently serves as Chairman of the Board of Matson, Inc., a leading provider of ocean transportation and logistics services, a position he has held since January 2010, and as a director of Matson, Inc. since 1989. He also serves on the boards of Bancwest Corporation, Pacific Guardian Life, First Hawaiian Bank (past Chairman), Hawaiian Telcom (past Chairman), Bank of the West, Pohaku Pa’a, and Servco Pacific Inc. Additionally, Mr. Dods serves on several civic and community boards throughout the State of Hawaii, including Chaminade University of Honolulu. In 2004, Mr. Dods was awarded the Order of the Rising Sun, with Gold and Silver Star, an imperial honor from the Government of Japan. Mr. Dods received a bachelor’s degree in business administration from the University of Hawaii.

ABOUT PAR PETROLEUM CORPORATION
Par Petroleum Corporation, headquartered in Houston, Texas, is a growth-oriented integrated refiner and marketer of petroleum products. Par owns and operates a 94,000 bpd refinery with related logistics and retail network in Hawaii. Par also transports, markets and distributes crude oil from Western U.S. and Canada to refining hubs in the Midwest, Gulf Coast, East Coast and to Hawaii. In addition, Par owns 34% of Piceance Energy, LLC, which has natural gas production and reserves located in the Piceance




Basin of Colorado. Par's charter contains restrictions that prohibit parties from acquiring 5% or more of Par's common stock without the company's prior consent. For more information, visit http://www.ppetrol.com.

For more information please contact:
Christine Thorp
Director, Investor Relations
(832) 916-3396




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