Delek US Holdings Management

Management criteria checks 2/4

Delek US Holdings' CEO is Avigal Soreq, appointed in Jun 2022, has a tenure of 2.42 years. total yearly compensation is $7.72M, comprised of 11.4% salary and 88.6% bonuses, including company stock and options. directly owns 0.29% of the company’s shares, worth €3.30M. The average tenure of the management team and the board of directors is 2.4 years and 5.3 years respectively.

Key information

Avigal Soreq

Chief executive officer

US$7.7m

Total compensation

CEO salary percentage	11.4%
CEO tenure	2.4yrs
CEO ownership	0.3%
Management average tenure	2.4yrs
Board average tenure	5.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Avigal Soreq's remuneration changed compared to Delek US Holdings's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-US$390m
Jun 30 2024	n/a	n/a	-US$102m
Mar 31 2024	n/a	n/a	-US$77m
Dec 31 2023	US$8m	US$880k	US$20m
Sep 30 2023	n/a	n/a	US$37m
Jun 30 2023	n/a	n/a	-US$71m
Mar 31 2023	n/a	n/a	US$315m
Dec 31 2022	US$6m	US$422k	US$257m
Sep 30 2022	n/a	n/a	US$362m
Jun 30 2022	n/a	n/a	US$367m
Mar 31 2022	n/a	n/a	-US$52m
Dec 31 2021	US$582k	US$35k	-US$128m
Sep 30 2021	n/a	n/a	-US$408m
Jun 30 2021	n/a	n/a	-US$508m
Mar 31 2021	n/a	n/a	-US$364m
Dec 31 2020	US$2m	US$589k	-US$611m
Sep 30 2020	n/a	n/a	-US$288m
Jun 30 2020	n/a	n/a	-US$149m
Mar 31 2020	n/a	n/a	-US$158m
Dec 31 2019	US$2m	US$423k	US$305m
Sep 30 2019	n/a	n/a	US$401m
Jun 30 2019	n/a	n/a	US$529m
Mar 31 2019	n/a	n/a	US$530m
Dec 31 2018	US$2m	US$364k	US$349m
Sep 30 2018	n/a	n/a	US$440m
Jun 30 2018	n/a	n/a	US$369m
Mar 31 2018	n/a	n/a	US$251m
Dec 31 2017	US$1m	US$320k	US$295m

Compensation vs Market: Avigal's total compensation ($USD7.72M) is above average for companies of similar size in the German market ($USD1.46M).

Compensation vs Earnings: Avigal's compensation has increased whilst the company is unprofitable.

CEO

Avigal Soreq (46 yo)

2.4yrs

Tenure

US$7,723,297

Compensation

Mr. Avigal Soreq serves as President, Chief Executive Officer and Director of Delek Logistics GP, LLC at Delek Logistics Partners, LP since June 09, 2022. Mr. Soreq served as a Chief Operating Officer of D...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Ezra Yemin	Executive Chairman	23.6yrs	US$4.92m	1.6% € 18.0m
Avigal Soreq	President	2.4yrs	US$7.72m	0.29% € 3.3m
Reuven Spiegel	Executive VP & CFO	4.5yrs	US$2.96m	0.074% € 838.2k
Joseph Israel	Executive Vice President of Operations	1.7yrs	US$2.67m	0.14% € 1.6m
Denise McWatters	Executive VP	3.8yrs	US$1.93m	0.066% € 744.3k
Todd O'Malley	Executive Officer	1.7yrs	US$3.65m	0.019% € 210.7k
Ido Biger	Executive VP	2.3yrs	no data	no data
Rosy Zuklic	Head of Investor Relations	no data	no data	no data
Michael Ralsky	Vice President of Government Affairs	no data	no data	no data
Mark Hobbs	Executive Vice President of Corporate Development	1.9yrs	no data	no data
Jared Serff	Executive VP & Chief Human Resources Officer	7.5yrs	no data	no data
Anthony Miller	Executive Vice President of Retail	15.2yrs	US$949.32k	no data

2.4yrs

Average Tenure

56yo

Average Age

Experienced Management: DEH's management team is considered experienced (2.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Ezra Yemin	Executive Chairman	23.6yrs	US$4.92m	1.6% € 18.0m
Avigal Soreq	President	2.4yrs	US$7.72m	0.29% € 3.3m
William Finnerty	Lead Independent Director	10.6yrs	US$280.64k	0.070% € 792.5k
Shlomo Zohar	Independent Director	14.5yrs	US$276.35k	0.065% € 731.8k
Richard Marcogliese	Independent Director	4.8yrs	US$268.00k	0.069% € 775.1k
Laurie Tolson	Independent Director	3.8yrs	US$268.00k	0.025% € 281.4k
Vasiliki Sutil	Independent Director	5.8yrs	US$268.00k	0.048% € 546.7k
Gary Sullivan	Independent Director	9.3yrs	US$275.00k	0.077% € 863.8k
Leonardo Moreno	Independent Director	2.7yrs	US$260.00k	0.025% € 278.7k
Christine Schwartzstein	Independent Director	less than a year	no data	0.012% € 139.1k

5.3yrs

Average Tenure

61yo

Average Age

Experienced Board: DEH's board of directors are considered experienced (5.3 years average tenure).

Delek US Holdings Management

Management criteria checks 2/4

Key information

Recent management updates

Delek US Holdings, Inc., Annual General Meeting, May 02, 2024

President recently bought €143k worth of stock

Delek US Holdings, Inc. Appoints Mark Hobbs as Executive Vice President, Corporate Development

Delek US Holdings, Inc. Appoints Avigal Soreq as President

Delek US Holdings, Inc., Annual General Meeting, May 03, 2022

Delek US Holdings, Inc. and Delek Logistics Partners, LP Announce Board Changes

Recent updates

Third quarter 2024 earnings released: US$2.69 loss per share (vs US$1.98 profit in 3Q 2023)

Second quarter dividend of US$0.26 announced

Delek US Holdings, Inc. Announces Quarterly Dividend, Payable on November 18, 2024

Fomento Económico Mexicano, S.A.B. de C.V. (BMV:FEMSA UBD) completed the acquisition of Retail operations of Delek US Holdings, Inc. from Delek US Holdings, Inc. (NYSE:DK)

Delek US Holdings, Inc. to Report Q3, 2024 Results on Nov 06, 2024

Now 23% undervalued after recent price drop

Second quarter 2024 earnings released: US$0.58 loss per share (vs US$0.13 loss in 2Q 2023)

First quarter dividend of US$0.26 announced

Delek US Holdings, Inc. Increases Regular Quarterly Dividend, Payable on August 19, 2024

Delek US Holdings, Inc. to Report Q2, 2024 Results on Aug 06, 2024

New major risk - Revenue and earnings growth

First quarter 2024 earnings released: US$0.51 loss per share (vs US$0.96 profit in 1Q 2023)

Fourth quarter dividend of US$0.25 announced

Delek US Holdings, Inc. Approves Regular Quarterly Dividend, Payable on May 24, 2024

New major risk - Revenue and earnings growth

Delek US Holdings, Inc. to Report Q1, 2024 Results on May 07, 2024

Delek US Holdings, Inc. Reports Impairment of Goodwill for the Quarter Ended December 31, 2023

New major risk - Revenue and earnings growth

Full year 2023 earnings released: EPS: US$0.30 (vs US$3.63 in FY 2022)

Third quarter dividend of US$0.24 announced

Delek US Holdings, Inc. Declares Quarterly Dividend, Payable on March 8, 2024

Delek US Holdings, Inc. to Report Q4, 2023 Results on Feb 27, 2024

Delek US Holdings, Inc., Annual General Meeting, May 02, 2024

Third quarter 2023 earnings released: EPS: US$1.98 (vs US$0.10 in 3Q 2022)

Delek US Holdings, Inc. Increases Regular Quarterly Dividend, Payable on November 20, 2023

Delek US Holdings, Inc. to Report Q3, 2023 Results on Nov 07, 2023

New major risk - Dividend sustainability

Second quarter 2023 earnings released: US$0.13 loss per share (vs US$5.11 profit in 2Q 2022)

Investor sentiment improves as stock rises 19%

Delek US Holdings, Inc. to Report Q2, 2023 Results on Aug 07, 2023

First quarter 2023 earnings released: EPS: US$0.96 (vs US$0.09 in 1Q 2022)

President recently bought €143k worth of stock

Now 21% undervalued after recent price drop

Full year 2022 earnings released: EPS: US$3.63 (vs US$2.75 loss in FY 2021)

Delek US Holdings, Inc. to Report Q4, 2022 Results on Feb 28, 2023

Now 21% undervalued after recent price drop

Investor sentiment deteriorated over the past week

Upcoming dividend of US$0.21 per share

Third quarter 2022 earnings released: EPS: US$0.10 (vs US$0.24 in 3Q 2021)

Delek US Holdings Increases Regular Quarterly Dividend, Payable on December 2, 2022

Delek US Holdings, Inc. to Report Q3, 2022 Results on Nov 07, 2022

Delek US Holdings, Inc. Appoints Mark Hobbs as Executive Vice President, Corporate Development

Investor sentiment improved over the past week

Upcoming dividend of US$0.20 per share

Second quarter 2022 earnings released: EPS: US$5.11 (vs US$1.10 loss in 2Q 2021)

Delek US Holdings, Inc. Announces Regular Quarterly Cash Dividend, Payable on September 6, 2022

Delek US Holdings, Inc. to Report Q2, 2022 Results on Aug 04, 2022

Upcoming dividend of US$0.20 per share

Delek US Holdings, Inc.(NYSE:DK) dropped from Russell 2000 Value Index

Delek US Holdings, Inc. Announces Special Dividend, Payable on July 20, 2022

Delek US Holdings, Inc. Appoints Avigal Soreq as President

Now 21% undervalued

First quarter 2022 earnings released: EPS: US$0.09 (vs US$1.34 loss in 1Q 2021)

Delek US Holdings, Inc. to Report Q1, 2022 Results on May 03, 2022

Delek US Holdings, Inc., Annual General Meeting, May 03, 2022

Delek US Holdings, Inc. and Delek Logistics Partners, LP Announce Board Changes

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Delek US Holdings, Inc. (NYSE:DK) agreed to acquire 15% interest in Wink to Webster Long-Haul Pipeline for approximately $130 million.

Third quarter 2021 earnings released: EPS US$0.24 (vs US$1.20 loss in 3Q 2020)

Second quarter 2021 earnings released: US$1.10 loss per share (vs US$1.19 profit in 2Q 2020)

First quarter 2021 earnings released: US$1.34 loss per share (vs US$4.28 loss in 1Q 2020)

Delek US Holdings Names Todd O'Malley as EVP and Chief Commercial Officer

Delek US Holdings, Inc. Appoints Nilah Staskus as Senior Vice President, Chief Accounting Officer and Principal Accounting Officer

Full year 2020 earnings released: US$8.26 loss per share (vs US$4.03 profit in FY 2019)

Revenue beats expectations

New 90-day high: €19.40

New 90-day high: €17.20

Delek US Holdings, Inc. Announces the Appointment of Laurie Z. Tolson to the Board of Directors

CVR Energy Not Interested in Buying Delek