CVR Energy Files Definitive Proxy Statement Relating to Delek US Holdings’ Annual Meeting
31 March 2021 - 8:17AM
CVR Energy, Inc. (NYSE: CVI) today announced that it and its
affiliates (“CVR”) filed their definitive proxy statement in
connection with the Annual Meeting of Stockholders of Delek US
Holdings, Inc. (“Delek”), which is scheduled to take place on May
6, 2021, at 1:00 p.m., central daylight savings time, and will be
held virtually. All stockholders of record of Delek at the close of
business on March 18, 2021 are entitled to vote at the Annual
Meeting. CVR Energy, Inc. is the largest stockholder of Delek, with
ownership of approximately 14.8% of Delek’s outstanding common
shares.
CVR has nominated 3 candidates – Randall D. Balhorn, George J.
Damiris and Robert Edward Kent, Jr. – for election to Delek’s
board. CVR believes that change in Delek’s board composition is
necessary and that CVR’s three highly qualified individuals with
extensive operational and industrial experience will operate in the
best interests of all of Delek’s stockholders.
If you have already provided Delek with a proxy, you may
revoke it by executing a later dated GOLD
proxy card.
If you have any questions, require assistance in voting
your GOLD proxy card, or need additional
copies of our proxy materials, please contact our proxy solicitor,
Harkins Kovler, LLC, at the phone numbers listed below or by
email: |
Harkins Kovler, LLC3 Columbus Circle, 15th
FloorNew York, NY 10019Banks and
Brokerage Firms Please Call Collect: (212)
468-5380All Others Call Toll Free: (800)
326-5997Email:
DK@harkinskovler.com |
Additional Information and Where to Find
it; Participants in the Solicitation
CVR ENEGY, INC. AND AFFILIATES HAVE FILED WITH
THE SECURITIES AND EXCHANGE COMMISSION, AND MAILED TO THE
STOCKHOLDERS OF DELEK US HOLDINGS, INC., A DEFINITIVE PROXY
STATEMENT AND A GOLD PROXY CARD IN CONNECTION WITH THEIR
SOLICITATION OF PROXIES FOR USE AT THE 2021 ANNUAL MEETING OF
STOCKHOLDERS OF DELEK US HOLDINGS, INC. SECURITY HOLDERS OF DELEK
US HOLDINGS, INC. ARE ADVISED TO READ THE PROXY STATEMENT AND
RELATED MATERIALS CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY
CONTAIN IMPORTANT INFORMATION, INCLUDING INFORMATION RELATED TO
THE PARTICIPANTS IN SUCH PROXY SOLICITATION.
COPIES OF THE DEFINITIVE PROXY STATEMENT AND
GOLD PROXY CARD ARE AVAILABLE AT NO CHARGE AT THE SECURITIES AND
EXCHANGE COMMISSION'S WEBSITE AT HTTP://WWW.SEC.GOV. INFORMATION
RELATING TO THE PARTICIPANTS IN SUCH PROXY SOLICITATION IS
CONTAINED IN THE SCHEDULE 14A FILED BY CVR ENERGY, INC. AND
AFFILIATES WITH THE SECURITIES AND EXCHANGE COMMISSION ON MARCH 30,
2021.
IMPORTANT DISCLOSURE INFORMATION
THIS LETTER CONTAINS OUR CURRENT VIEWS ON THE
VALUE OF SECURITIES OF DELEK US HOLDINGS, INC. OUR VIEWS ARE BASED
ON OUR OWN ANALYSIS OF PUBLICLY AVAILABLE INFORMATION AND
ASSUMPTIONS WE BELIEVE TO BE REASONABLE. THERE CAN BE NO ASSURANCE
THAT THE INFORMATION WE CONSIDERED AND ANALYZED IS ACCURATE OR
COMPLETE. SIMILARLY, THERE CAN BE NO ASSURANCE THAT OUR ASSUMPTIONS
ARE CORRECT. THE ACTUAL PERFORMANCE AND RESULTS OF DELEK US
HOLDINGS, INC. MAY DIFFER MATERIALLY FROM OUR ASSUMPTIONS AND
ANALYSIS.
OUR VIEWS AND OUR HOLDINGS COULD CHANGE AT ANY
TIME. WE MAY SELL ANY OR ALL OF OUR LONG POSITIONS, OR INCREASE OUR
LONG EXPOSURE BY PURCHASING ADDITIONAL SECURITIES. WE MAY TAKE ANY
OF THESE OR OTHER ACTIONS REGARDING DELEK US HOLDINGS, INC. WITHOUT
UPDATING THIS LETTER OR PROVIDING ANY NOTICE WHATSOEVER OF ANY SUCH
CHANGES (EXCEPT AS OTHERWISE REQUIRED BY APPLICABLE LAW).
THE INFORMATION CONTAINED ABOVE IS NOT AND
SHOULD NOT BE CONSTRUED AS INVESTMENT ADVICE AND DOES NOT PURPORT
TO BE AND DOES NOT EXPRESS ANY OPINION AS TO THE PRICE AT WHICH THE
SECURITIES OF DELEK US HOLDINGS, INC. MAY TRADE AT ANY TIME. THE
INFORMATION AND OPINIONS PROVIDED ABOVE SHOULD NOT BE TAKEN AS
SPECIFIC ADVICE ON THE MERITS OF ANY INVESTMENT DECISION. INVESTORS
SHOULD MAKE THEIR OWN DECISIONS REGARDING DELEK US HOLDINGS, INC.
AND THEIR PROSPECTS BASED ON SUCH INVESTORS’ OWN REVIEW OF PUBLICLY
AVAILABLE INFORMATION AND SHOULD NOT RELY ON THE INFORMATION
CONTAINED ABOVE. NEITHER CVR ENERGY, INC. NOR ANY OF ITS AFFILIATES
ACCEPTS ANY LIABILITY WHATSOEVER FOR ANY DIRECT OR CONSEQUENTIAL
LOSS HOWSOEVER ARISING, DIRECTLY OR INDIRECTLY, FROM ANY USE OF THE
INFORMATION CONTAINED ABOVE.
FORWARD-LOOKING STATEMENTS
Certain statements contained in this letter are
forward-looking statements including, but not limited to,
statements that are predictions of or indications of future events,
trends, plans or objectives. Undue reliance should not be placed on
such statements because, by their nature, they are subject to known
and unknown risks and uncertainties. Forward-looking statements are
not guarantees of future performance or activities and are subject
to many risks and uncertainties. Due to such risks and
uncertainties, actual events or results or actual performance may
differ materially from those reflected or contemplated in such
forward-looking statements. Forward- looking statements can be
identified by the use of the future tense or other forward-looking
words such as “believe,” “expect,” “anticipate,” “intend,” “plan,”
“estimate,” “should,” “may,” “will,” “objective,” “projection,”
“forecast,” “continue,” “strategy,” “position” or the negative of
those terms or other variations of them or by comparable
terminology.
Important factors that could cause actual
results to differ materially from the expectations set forth in
this letter include, among other things, the factors identified
under the sections entitled “Risk Factors” in Delek US Holdings,
Inc.’s Annual Report on Form 10-K for the year ended December 31,
2020 as well as the factors identified in Delek US Holdings, Inc.’s
other public filings. Such forward-looking statements should
therefore be considered in light of such factors, and we are under
no obligation, and expressly disclaim any intention or obligation,
to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
required by law.
About CVR Energy, Inc.
Headquartered in Sugar Land, Texas, CVR Energy is a diversified
holding company primarily engaged in the petroleum refining and
marketing business through its interest in CVR Refining and the
nitrogen fertilizer manufacturing business through its interest in
CVR Partners, LP. CVR Energy subsidiaries serve as the general
partner and own 36 percent of the common units of CVR Partners.
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