Item 2.05 Costs Associated with Exit or Disposal Activities.




On January 21, 2020, Calumet Specialty Products Partners, L.P. (the
"Partnership") committed to a cost reduction plan to reduce overall operating
expenses, including the reduction of outside services, facility fixed costs and
corporate staffing costs (the "Cost Reduction Plan"). These cost reductions are
designed to right-size general and administrative spending and are consistent
with Phase II of the Partnership's previously announced self-help program.
The Partnership expects to incur approximately $10 million in one-time costs
over the course of 2020 to implement the Cost Reduction Plan, a significant
portion of which are expected to result in cash expenditures. The Partnership
expects the Cost Reduction Plan to reduce annualized operating expenses by
approximately $20 million by the end of 2020. The Partnership's estimates are
based on a number of assumptions. Actual results may differ materially, and
additional charges not currently expected may be incurred in connection with, or
as a result of, the Cost Reduction Plan.
Forward-Looking Statements
Certain statements and information in this Current Report on Form 8-K may
constitute "forward-looking statements." The words "believe," "expect,"
"anticipate," "plan," "intend," "foresee," "should," "would," "could" or other
similar expressions are intended to identify forward-looking statements, which
are generally not historical in nature. The statements discussed in this Current
Report on Form 8-K that are not purely historical data are forward-looking
statements, including, but not limited to, the statements regarding the
Partnership's ability to achieve the anticipated operational, organizational and
financial benefits of the Cost Reduction Plan and overall business
transformation program; and the amount, nature and timing of the costs
anticipated to be incurred by the Partnership in connection with its execution
of the Cost Reduction Plan and overall business transformation program. These
forward-looking statements are based on the Partnership's current expectations
and beliefs concerning future developments and their potential effect on the
Partnership. While management believes that these forward-looking statements are
reasonable as and when made, there can be no assurance that future developments
affecting the Partnership will be those that management anticipates. These
forward-looking statements involve significant risks and uncertainties (some of
which are beyond the Partnership's control) and assumptions that could cause the
Partnership's actual results to differ materially from its historical experience
and management's present expectations or projections. The risks and
uncertainties that may affect these forward-looking statements include, but are
not limited to, those set forth under Item 1A, "Risk Factors," and elsewhere in
the Partnership's Annual Report on Form 10-K for the year ended December 31,
2018, as updated by other documents the Partnership files from time to time with
the Securities and Exchange Commission. Any forward-looking statement speaks
only as of the date on which such statement is made, and the Partnership does
not intend to correct or update any forward-looking statement, whether as a
result of new information, future events or otherwise, except as required by
law.
Item 7.01  Regulation FD Disclosure.
On January 21, 2020, the Partnership issued a press release announcing Phase II
of the Partnership's self-help program, which includes the Cost Reduction Plan.
A copy of the press release is furnished as Exhibit 99.1 to this Current Report
on Form 8-K
The information in this Item 7.01, including Exhibit 99.1, is being furnished
and shall not be deemed to be "filed" for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, or otherwise subject to the
liabilities of that section and shall not be deemed to be incorporated by
reference into any registration statement or other document filed pursuant to
the Securities Act of 1933, as amended, regardless of any general incorporation
language in such filing, except as shall be expressly set forth by specific
reference in such filing.
Item 9.01 Financial Statements and Exhibits.


(d)  Exhibits.
Exhibit Number                Description
  99.1           Press Release, dated January 21, 2020.

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