Item 5.02. Departure of Directors or Certain Officers; Election of Directors;


           Appointment of Certain Officers; Compensatory Arrangements of Certain
           Officers.

On June 30, 2020, HollyFrontier Corporation (the "Corporation") entered into an Amended and Restated Consulting Agreement and Release with James M. Stump (the "Amended Agreement"). The Amended Agreement amends and restates in its entirety the Consulting Agreement and Release between the Corporation and Mr. Stump dated February 27, 2020 (the "Original Agreement"). Mr. Stump retired from the Corporation on June 30, 2020.

Pursuant to the terms of the Amended Agreement, Mr. Stump will assist in the orderly transition of his duties and knowledge and will assist with the Corporation's previously announced renewable diesel facility project in Cheyenne, WY. The term of the consulting period began July 1, 2020 and ends on the earlier to occur of the mechanical completion of the renewable diesel facility in Cheyenne, WY and the termination of the Amended Agreement by either party. As consideration for his services, the Corporation will pay Mr. Stump a retainer of $49,000 per month and a completion bonus, with a target of $300,000 and a maximum of $600,000, upon the mechanical completion of the renewable diesel facility in Cheyenne, WY. The amount of the completion bonus will be based on safety, project timeline and budget metrics with respect to the Cheyenne renewable diesel facility conversion project, with such metrics to be determined by the Chief Executive Officer of the Corporation within 90 days of the execution date of the Amended Agreement. The term of the non-compete covenant in the Agreement will run concurrently with the term of the consulting period. The other material terms of the Original Agreement remain unchanged.

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