Item 5.02 Departures of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On October 27, 2021, Mark Cunningham, Senior Vice President, Operations and Engineering of Holly Logistic Services, L.L.C. (the "Company"), notified the Board of Directors of the Company (the "Board") that he will retire from all officer positions and as an employee at the Company and its subsidiaries effective February 18, 2022. Mr. Cunningham's responsibilities will be transferred to four different individuals at the Company, effective January 1, 2022, rather than replacing his role with a single individual.

To assist with the transition of his responsibilities, Mr. Cunningham has agreed to serve as a consultant to the Company and its subsidiaries for a 12 month period following his retirement. The terms of this consulting arrangement are included in a consulting agreement entered into between the Company and Mr. Cunningham on October 28, 2021, which will become effective as of February 19, 2022 (the "Agreement"). The Agreement is intended to continue through February 19, 2023 but can be terminated by the Company for cause at any time or by either party with thirty days' notice. Pursuant to the Agreement, Mr. Cunningham will receive a payment of $50,000 per calendar month to provide up to 40 hours per month of services to the Company and its subsidiaries. The Agreement also includes an obligation for Mr. Cunningham to keep information about the Company and its subsidiaries obtained during his time as a consultant confidential. The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the Agreement, which is filed as Exhibit 10.1 hereto and incorporated by reference herein.

The Company is the general partner of the general partner of Holly Energy Partners, L.P. and a wholly-owned subsidiary of HollyFrontier Corporation.

Item 7.01. Regulation FD Disclosure. On October 29, 2021, the Company issued a press release announcing Mr. Cunningham's retirement. A copy of the press release is furnished as Exhibit 99.1 hereto.

The information furnished with this report, including Exhibit 99.1, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

10.1 Consulting Agreement between Holly Logistic Services, L.L.C. and Mark Cunningham , effective February 19, 2022 .

99.1 Press release dated October 29 , 2021. *

104 Cover Page Interactive Data File (embedded within the Inline XBRL document).



________________________
* Furnished herewith.

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses