Item 5.02. Departure of Directors of Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 7, 2021, David Willetts was appointed to the board of directors (the
"Board") of CVR GP, LLC (the "Company"), the general partner of CVR Partners, LP
(the "Partnership"), as well as to the Board's Compensation Committee and
Special Committee. Mr. Willetts was affirmatively determined by the Board to be
qualified to serve on the Board and its committees.
Mr. Willetts has been the Chief Financial Officer and a director of Icahn
Enterprises L.P. ("Icahn Enterprises"), a diversified holding company engaged in
a variety of businesses, including investment, automotive, energy, food
packaging, metals, real estate, and home fashion, since June 2021. Prior to
Icahn Enterprises, he served as a managing director at AlixPartners, a global
consulting firm which specializes in improving corporate financial and
operational performance and executing corporate turnarounds. Since 2012, Mr.
Willetts has worked continuously with Private Equity firms and public companies
in the industrial, automotive, consumer products, retail, and energy sectors.
Mr. Willetts has been a director of CVR Energy, Inc. ("CVR Energy"), a
diversified holding company primarily engaged in petroleum refining and nitrogen
fertilizer production, since July 2021; and a director and chairman of the board
of Viskase Companies, Inc., a meat casing company, since June 2021. Icahn
Enterprises, CVR Energy, and Viskase Companies, Inc. are indirectly controlled
by Carl C. Icahn. Mr. Willetts graduated from Franklin and Marshall College in
1997 Summa Cum Laude, with a B.A. in business, with a double concentration in
accounting and finance.
Mr. Icahn indirectly owns approximately 71% of the common shares of CVR Energy.
CVR Energy indirectly owns 100% of the Company and approximately 36% of the
common units representing limited partner interests in the Partnership. Other
than the foregoing, as of the date of his appointment, Mr. Willetts is not a
party to any transactions that would be required to be reported under Item
404(a) of Regulation S-K and there are no other arrangements or understandings
between him and any other persons pursuant to which he was selected as a
director. Mr. Willetts will not receive compensation for his service on the
Board or its committees.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
The following exhibit is being "furnished" as part of this Current Report on
Form 8-K:
Exhibit Exhibit Description
Number
Cover Page Interactive Data File (the cover page XBRL tags are embedded within
104 the Inline XBRL document).
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