|
||||||||||||||||||||||||||
| SEC Info℠ | | | Home | | | Search | | | My Interests | | | Help | | | Sign In | | | Please Sign In | |||||||
|
||||||||||||||||||||||||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 3/01/22 Calumet Specialty Prods Partn… LP 8-K:5,7,9 2/23/22 14:193K Donnelley … Solutions/FA |
Document/Exhibit Description Pages Size 1: 8-K Current Report HTML 37K 2: EX-10.1 Material Contract HTML 9K 3: EX-10.2 Material Contract HTML 9K 4: EX-10.3 Material Contract HTML 9K 5: EX-99.1 Miscellaneous Exhibit HTML 9K 9: R1 Document and Entity Information HTML 48K 12: XML IDEA XML File -- Filing Summary XML 13K 10: XML XBRL Instance -- d306342d8k_htm XML 14K 11: EXCEL IDEA Workbook of Financial Reports XLSX 6K 7: EX-101.LAB XBRL Labels -- clmt-20220223_lab XML 56K 8: EX-101.PRE XBRL Presentations -- clmt-20220223_pre XML 35K 6: EX-101.SCH XBRL Schema -- clmt-20220223 XSD 12K 13: JSON XBRL Instance as JSON Data -- MetaLinks 12± 19K 14: ZIP XBRL Zipped Folder -- 0001193125-22-061647-xbrl Zip 17K
| EX-10.3 |
Exhibit 10.3
Attention: Vincent Donargo
vince.donargo@calumetspecialty.com
Subject: Promotion Letter
Dear Vince,
On behalf of Calumet GP, LLC, I am pleased to promote you to the role of Executive Vice President & Chief Financial Officer effective May 1, 2022.
Effective May 1, 2022, your annual salary will be $400,000. You will continue to be eligible to participate in the Calumet Short-Term Incentive Plan with a bonus target of 100% of your annual base salary based on company financial metrics and your own individual contributions. If minimum financial metrics and minimum individual contributions are met, it would pay at 50% of your base salary and at its maximum it would pay at 200% of your base annual salary. If actual performance falls between the various levels (between minimum and target for instance), the annual bonus award will be prorated, up to the maximum potential award. Should the Company not meet its minimum financial target, no awards will be issued regardless of individual contributions.
You will continue to be eligible to participate in the Calumet GP, LLC Amended and Restated Long-Term Incentive Plan. In your new role, your annual LTIP target will be 80% of your annual base salary, and these units have a 3-year cliff vest requirement. Any award under the Plan will take into consideration your individual contribution as well as the achievement of Company financial targets. Should the Company not meet its minimum financial target, no awards will be issued under the Plan.
All other terms and conditions of your at-will employment remain the same.
I am pleased to have you take on this new and exciting role and look forward to your future success. Please let me know if you have any questions.
Sincerely,
/s/ Todd Borgmann
Todd Borgmann, Executive Vice President & Chief Financial Officer
Agreed and accepted:
| /s/ Vincent Donargo | 3/1/2022 | |||
| Vincent Donargo | Date |
| This ‘8-K’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| 5/1/22 | 3 | |||
| Filed on: | 3/1/22 | |||
| 2/28/22 | ||||
| For Period end: | 2/23/22 | |||
| List all Filings | ||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 5/17/24 Calumet, Inc./DE S-4/A 25:9.6M Donnelley … Solutions/FA 4/19/24 Calumet, Inc./DE S-4/A 37:8.1M Donnelley … Solutions/FA 3/05/24 Calumet, Inc./DE S-4 4:5.2M Donnelley … Solutions/FA 2/29/24 Calumet Specialty Prods Partn… LP 10-K 12/31/23 139:32M 3/15/23 Calumet Specialty Prods Partn… LP 10-K 12/31/22 127:20M 5/06/22 Calumet Specialty Prods Partn… LP 10-Q 3/31/22 78:9.5M 3/04/22 Calumet Specialty Prods Partn… LP 10-K 12/31/21 138:14M |