Investor pushing three board candidates for shareholders’ meeting next month
The Carl Icahn-controlled company pushing for big changes at Delek US Holdings has followed through on its threat to go to court over the compensation of Chairman and CEO Uzi Yemin.
CVR Energy on Thursday filed suit in the Court of Chancery of the State of Delaware asking for permission to inspect Delek records related to Yemin’s pay going back to 2012. Texas-based CVR has been prodding Delek since early this year, about nine months after it built up a 15 percent stake in the Brentwood-based company. CVR first pushed Yemin and his team to convert some of their refineries and sell off other assets and then focused on the CEO’s compensation, alleging that he has been overpaid in his main role at Delek US while also taking in money from the company’s Delek Logistics Partners affiliate.
FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network s Neil Cavuto show in New York February 11, 2014. REUTERS/Brendan McDermid/File Photo
CVR Energy sues Delek for documents to establish CEO pay Commodities Laura Sanicola (Reuters) - Billionaire Carl Icahn s refiner CVR Energy, the largest shareholder in Delek US Holdings which has been trying to choose three members of that refiner s board, filed a lawsuit on Thursday seeking to inspect books and records of Delek relating to its CEO compensation. (bit.ly/3e1Xp4T) The lawsuit wants information about total compensation of Delek CEO Ezra Uzi Yemen, which CVR alleges was near $81 million between 2013 and 2020. CVR says that total includes revenue not disclosed in company proxy statements.
Icahn sues over Delek pay info | Nashville Post nashvillepost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nashvillepost.com Daily Mail and Mail on Sunday newspapers.
Also: Analyst lifts Delek target
Payment processing and technology holding company i3 Verticals has paid $17.4 million for two software companies specializing in health care services.
In a statement, i3 Chairman and CEO Greg Daily said the deals add more workflow and practice management software options to his team’s lineup. He and his fellow executives will share more details about the acquired companies which are based in the upper Midwest and the Southeast on i3’s quarterly earnings call next month, he added.
Health care is one of the four focus areas for nine-year-old i3, which specializes in medical coding, billing and scheduling software and then adds payment processing services where it can.
Icahn s CVR fires another salvo at Delek CEO nashvillepost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nashvillepost.com Daily Mail and Mail on Sunday newspapers.