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 4, 2010 (January 1, 2010)
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
Identification Number) |
100 Crescent Court, Suite 1600, Dallas, Texas 75201-6915
(Address of Principal Executive Offices)
(214) 871-3555
(Registrant’s telephone number, including area code)
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 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain Officers.
Effective
January 1, 2010, the Board of Directors of Holly Logistic Services, L.L.C. (“HLS”)
elected David G. Blair to the position of President of HLS. HLS is the general partner of HEP
Logistics Holdings, L.P., which is the general partner of Holly Energy Partners, L.P. (the
“Partnership”). Mr. Blair has most recently served in the position of Senior Vice President of
HLS, a position he has held since January 2007.
Mr. Blair has been employed by Holly Corporation, the parent entity of HLS (“Holly”), and its
affiliates for over 28 years. Mr. Blair served as Holly’s Vice President responsible for Holly
Asphalt Company from February 2005 to December 2006. Mr. Blair was General Manager of the NK
Asphalt Partnership between Koch Materials Company and Navajo Refining Company from July 2000 to
February 2005. Mr. Blair was named Vice President, Marketing, Asphalt & Specialty Products in
October 1994. Mr. Blair served in various positions within Holly in crude oil supply, wholesale
product marketing, and supply and trading from 1981 to 1991. Mr. Blair is 51 years old.
In connection with his election, Mr. Blair’s annual salary was increased to $312,000.
Item 7.01 Regulation FD Disclosure
On January 4, 2010, the Partnership issued a press release announcing the election of David G.
Blair to the position of President of HLS, the general partner of HEP Logistics Holdings, L.P., the
general partner of the Partnership. A copy of the press release is attached hereto as Exhibit 99.1
and incorporated herein in its entirety.
In accordance with General Instruction B.2 of Form 8-K, the information furnished in this
report on Form 8-K pursuant to Item 7.01, including Exhibit 99.1, shall not be deemed to be “filed”
for the purposes of Section 18 of the Securities Exchange Act of 1934 (“Exchange Act”), or
otherwise subject to the liabilities of that section, unless the Partnership specifically
incorporates it by reference in a document filed under the Exchange Act or the Securities Act of
1933. By filing this report on Form 8-K and furnishing the information pursuant to Item 7.01, the
Partnership makes no admission as to the materiality of any information in this report furnished
pursuant to Item 7.01, including Exhibit 99.1, or that any such information includes material
investor information that is not otherwise publicly available.
The information furnished in this report on Form 8-K pursuant to Item 7.01, including the
information contained in Exhibit 99.1, is summary information that is intended to be considered in
the context of the Partnership’s Securities and Exchange Commission (“SEC”) filings and other
public announcements that the Partnership may make, by press release or otherwise, from time to
time. The Partnership disclaims any current intention to revise or update the information furnished
in this report on Form 8-K pursuant to Item 7.01, including the information contained in Exhibit
99.1, although the Partnership may do so from time to time as its management believes is warranted.
Any such updating may be made through the furnishing or filing of other reports or documents with
the SEC, through press releases or through other public disclosure.
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