HOLLY ENERGY PARTNERS LP appointed new CEO

Item 5.02 
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 


Effective as of the closing of the Merger and pursuant to the terms of the Merger Agreement, each of Larry R. Baldwin, Christine B. LaFollette, James H. Lee, Eric L. Mattson, Mark A. Petersen and Michael C. Jennings ceased to serve as directors of the General Partner. The decision of each departing director to resign as a director of the General Partner was not the result of any disagreement with the General Partner or the Partnership relating to the operations, internal controls, policies or practices of the General Partner or the Partnership, and was solely the result of the Merger. Effective as of immediately following the closing of the Merger, each of Timothy Go, Atanas H. Atanasov and Vaishali S. Bhatia became a director of the General Partner. 

Effective as of the closing of the Merger and pursuant to the terms of the Merger Agreement, each of Michael C. Jennings (Chief Executive Officer and President) and Kenneth Norwood (Vice President and Controller) ceased to serve as officers of the General Partner. The decision of each departing officer to resign as an officer of the General Partner was not the result of any disagreement with the General Partner or the Partnership relating to the operations, internal controls, policies or practices of the General Partner or the Partnership, and was solely the result of the Merger. Effective as of immediately following the closing of the Merger, each of Timothy Go, Atanas H. Atanasov and Indira Agarwal became officers of the General Partner. Timothy Go became Chief Executive Officer and President, Atanas H. Atanasov became Executive Vice President and Chief Financial Officer and Indira Agarwal became Vice President, Controller and Chief Accounting Officer. Each of the foregoing officers are officers of Parent. The officers will not be separately compensated for their service as officers of the General Partner. 

Additionally, in connection with the Merger, Robert I. Jamieson's title changed from Senior Vice President and Chief Operating Officer to Vice President, Midstream of the General Partner and John Harrison's title changed from Senior Vice President, Chief Financial Officer and Treasurer to Vice President, Finance, Strategy and Treasurer of the General Partner. Vaishali S. Bhatia will continue to serve as the Executive Vice President, General Counsel and Secretary of the General Partner. 


The information included in the Introductory Note is incorporated by reference into this Item 5.02.