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As Of Filer Filing For·On·As Docs:Size 2/29/24 Calumet Specialty Prods Partn… LP 10-K 12/31/23 139:32M |
Document/Exhibit Description Pages Size
1: 10-K Annual Report HTML 7.73M
2: EX-21.1 Subsidiaries List HTML 45K
3: EX-23.1 Consent of Expert or Counsel HTML 36K
7: EX-97.1 Clawback Policy re: Recovery of Erroneously HTML 43K
Awarded Compensation
4: EX-31.1 Certification -- §302 - SOA'02 HTML 44K
6: EX-32.1 Certification -- §906 - SOA'02 HTML 41K
5: EX-32.2 Certification -- §906 - SOA'02 HTML 43K
13: R1 Cover HTML 106K
14: R2 Consolidated Balance Sheets HTML 163K
15: R3 Consolidated Balance Sheets (Parenthetical) HTML 44K
16: R4 Consolidated Statements of Operations HTML 140K
17: R5 Consolidated Statements of Comprehensive Income HTML 67K
(Loss)
18: R6 Consolidated Statements of Partners' Capital HTML 83K
(Deficit)
19: R7 Consolidated Statements of Cash Flows HTML 174K
20: R8 Description of the Business HTML 39K
21: R9 Summary of Significant Accounting Policies HTML 150K
22: R10 Revenue Recognition HTML 48K
23: R11 Leases HTML 147K
24: R12 Goodwill and Other Intangible Assets HTML 113K
25: R13 Commitments and Contingencies HTML 69K
26: R14 Inventory Financing Agreements HTML 43K
27: R15 Long-Term Debt HTML 109K
28: R16 Derivatives HTML 207K
29: R17 Fair Value Measurements HTML 187K
30: R18 Partners' Capital (Deficit) HTML 65K
31: R19 Unit-Based Compensation HTML 67K
32: R20 Employee Benefit Plans HTML 52K
33: R21 Accumulated Other Comprehensive Loss HTML 58K
34: R22 Income Taxes HTML 41K
35: R23 Earnings Per Unit HTML 76K
36: R24 Transactions with Related Parties HTML 42K
37: R25 Segments and Related Information HTML 446K
38: R26 Unrestricted Subsidiaries HTML 213K
39: R27 Redeemable Noncontrolling Interest HTML 43K
40: R28 Restatement of Prior Period HTML 483K
41: R29 Quarterly Financial Data (Unaudited) HTML 1.36M
42: R30 Subsequent Events HTML 39K
43: R31 Summary of Significant Accounting Policies HTML 197K
(Policies)
44: R32 Summary of Significant Accounting Policies (Table) HTML 119K
45: R33 Leases (Tables) HTML 151K
46: R34 Goodwill and Other Intangible Assets (Tables) HTML 116K
47: R35 Commitments and Contingencies (Tables) HTML 60K
48: R36 Long-Term Debt (Tables) HTML 87K
49: R37 Derivatives (Tables) HTML 206K
50: R38 Fair Value Measurements (Tables) HTML 179K
51: R39 Partners' Capital (Deficit) (Tables) HTML 56K
52: R40 Unit-Based Compensation (Tables) HTML 60K
53: R41 Employee Benefit Plans (Tables) HTML 46K
54: R42 Accumulated Other Comprehensive Loss (Tables) HTML 58K
55: R43 Earnings Per Unit (Tables) HTML 76K
56: R44 Segments and Related Information (Tables) HTML 436K
57: R45 Unrestricted Subsidiaries (Tables) HTML 208K
58: R46 Restatement of Prior Period (Tables) HTML 589K
59: R47 Quarterly Financial Data (Unaudited) (Tables) HTML 1.35M
60: R48 Description of the Business (Details) HTML 53K
61: R49 Summary of Significant Accounting Policies - Cash HTML 40K
(Details)
62: R50 Summary of Significant Accounting Policies - HTML 44K
Accounts Receivable (Details)
63: R51 Summary of Significant Accounting Policies - HTML 62K
Inventories (Details)
64: R52 Summary of Significant Accounting Policies - HTML 44K
Inventories Narrative (Details)
65: R53 Summary of Significant Accounting Policies - PPE HTML 84K
(Details)
66: R54 Summary of Significant Accounting Policies - PPE HTML 58K
Narrative (Details)
67: R55 Summary of Significant Accounting Policies - HTML 39K
Renewable Identification Numbers Obligation
(Details)
68: R56 Summary of Significant Accounting Policies - Other HTML 48K
Noncurrent Assets (Details)
69: R57 Summary of Significant Accounting Policies - HTML 38K
Impairment of Long-Lived Assets (Details)
70: R58 Summary of Significant Accounting Policies - HTML 40K
Unit-Based Compensation and Advertising Expenses
(Details)
71: R59 Revenue Recognition (Details) HTML 38K
72: R60 Leases (Details) HTML 48K
73: R61 Leases - Summary of Supplemental Balance Sheet HTML 61K
(Details)
74: R62 Leases - Schedule of Lease Costs (Details) HTML 53K
75: R63 Leases - Schedule of Maturity of Lease Liabilities HTML 117K
- (Details)
76: R64 Leases - Schedule of Lease Term and Discount HTML 45K
(Details)
77: R65 Goodwill and Other Intangible Assets (Details) HTML 54K
78: R66 Goodwill and Other Intangible Assets - Changes in HTML 56K
Goodwill (Details)
79: R67 Goodwill and Other Tangible Assets - Other HTML 57K
Intangible Assets (Details)
80: R68 Goodwill and Other Intangible Assets - Estimated HTML 47K
Future Amortization of Intangible Assets (Details)
81: R69 Commitments and Contingencies -Labor Matters HTML 46K
(Details)
82: R70 Commitments and Contingencies - Standby Letters of HTML 51K
Credit (Details)
83: R71 Commitments and Contingencies- Schedule of HTML 69K
Estimated Minimum Unconditional Purchase
Commitments (Details)
84: R72 Inventory Financing Agreement (Details) HTML 66K
85: R73 Long-Term Debt - Summary of Long Term Debt HTML 94K
(Details)
86: R74 Long-Term Debt - Narrative (Details) HTML 186K
87: R75 Long-Term Debt - Collateral Trust Agreement HTML 37K
(Details)
88: R76 Long-Term Debt - Summary of Principal Payments on HTML 61K
Debt Obligations and Future Minimum Rentals on
Capital Lease Obligations (Details)
89: R77 Long-Term Debt - Debt Instrument (Details) HTML 152K
90: R78 Derivatives - Summary of Gross Fair Values of HTML 52K
Derivative Instruments, Presenting the Impact of
Offsetting Derivative Assets (Details)
91: R79 Derivatives - Summary of Gross Fair Values of HTML 65K
Derivative Instruments, Presenting the Impact of
Offsetting Derivative Liabilities (Details)
92: R80 Derivatives - Not Designated as Hedges (Details) HTML 58K
93: R81 Derivatives - Schedule of positions Diesel, MEH HTML 39K
Crack Spread Swaps (Details)
94: R82 Fair Value Measurements - Recurring Measurements HTML 97K
(Details)
95: R83 Fair Value Measurements - Changes in Fair Value of HTML 52K
Level 3 (Details)
96: R84 Fair Value Measurements - Carrying Value (Details) HTML 60K
97: R85 Partners' Capital (Deficit) - Narrative (Details) HTML 62K
98: R86 Partners' Capital (Deficit) - Distribution HTML 74K
(Details)
99: R87 Partners' Capital (Deficit) - Distribution HTML 72K
Narrative (Details)
100: R88 Unit-Based Compensation - Narrative (Details) HTML 67K
101: R89 Unit-Based Compensation - Non-vested phantom HTML 61K
(Details)
102: R90 Employee Benefit Plans - Defined Contribution Plan HTML 49K
Narrative (Details)
103: R91 Employee Benefit Plans - 401K match expense HTML 37K
(Details)
104: R92 Employee Benefit Plans - Defined Benefit Pension HTML 50K
Plan Narrative (Details)
105: R93 Employee Benefit Plans - Defined Benefit Other HTML 45K
Plans (Details)
106: R94 Employee Benefit Plans - Accumulated and Projected HTML 44K
Obligation (Details)
107: R95 Employee Benefit Plans - Plan Asset Targets and HTML 56K
Values (Details)
108: R96 Accumulated Other Comprehensive Loss - Summary of HTML 56K
changes (Details)
109: R97 Income Taxes (Details) HTML 40K
110: R98 Earnings Per Unit (Details) HTML 87K
111: R99 Transactions with Related Parties (Details) HTML 56K
112: R100 Segments and Related Information - Schedule of HTML 168K
Reportable Segment Information (Details)
113: R101 Segments and Related Information - Schedule of HTML 88K
Product Information (Details)
114: R102 Segments and Related Information - Narrative HTML 47K
(Details)
115: R103 Unrestricted Subsidiaries - Schedule of Financial HTML 123K
Information (Details)
116: R104 Unrestricted Subsidiaries - unrestricted HTML 104K
subsidiaries (Details)
117: R105 Redeemable Noncontrolling Interest - Narrative HTML 67K
(Details)
118: R106 Redeemable Noncontrolling Interest (Details) HTML 40K
119: R107 Restatement of Prior Period - Consolidated Balance HTML 206K
Sheet (Unaudited) (Details)
120: R108 Restatement of Prior Period - Consolidated Balance HTML 49K
Sheet - Additional Information (Details)
121: R109 Restatement of Prior Period - Consolidated HTML 183K
Statement of Operations (Details)
122: R110 Restatement of Prior Period - Consolidated HTML 85K
Statement of Comprehensive Income (Loss) (Details)
123: R111 Restatement of Prior Period - Consolidated HTML 118K
Statement of Equity (Details)
124: R112 Restatement of Prior Period - Consolidated HTML 220K
Statement of Cash Flows (Details)
125: R113 Quarterly Financial Data (Unaudited) - Condensed HTML 217K
Consolidated Balance Sheet (Details)
126: R114 Quarterly Financial Data (Unaudited) - Condensed HTML 49K
Consolidated Balance Sheet - Additional Income
(Details)
127: R115 Quarterly Financial Data (Unaudited) - Condensed HTML 183K
Consolidated Statement of Operations (Details)
128: R116 Quarterly Financial Data (Unaudited) - Condensed HTML 85K
Consolidated Statement of Comprehensive Income
(Loss) (Details)
129: R117 Quarterly Financial Data (Unaudited) - Condensed HTML 139K
Consolidated Statement of Partners' Capital
(Deficit) (Details)
130: R118 Quarterly Financial Data (Unaudited) - Condensed HTML 133K
Consolidated Statement of Cash Flow (Details)
131: R119 Subsequent Events (Details) HTML 51K
132: R120 Audit Information HTML 41K
133: R121 Pay vs Performance Disclosure HTML 49K
134: R122 Insider Trading Arrangements HTML 42K
136: XML IDEA XML File -- Filing Summary XML 264K
139: XML XBRL Instance -- clmt-20231231x10k_htm XML 10.38M
135: EXCEL IDEA Workbook of Financial Report Info XLSX 376K
9: EX-101.CAL XBRL Calculations -- clmt-20231231_cal XML 277K
10: EX-101.DEF XBRL Definitions -- clmt-20231231_def XML 1.51M
11: EX-101.LAB XBRL Labels -- clmt-20231231_lab XML 2.21M
12: EX-101.PRE XBRL Presentations -- clmt-20231231_pre XML 2.12M
8: EX-101.SCH XBRL Schema -- clmt-20231231 XSD 325K
137: JSON XBRL Instance as JSON Data -- MetaLinks 762± 1.20M
138: ZIP XBRL Zipped Folder -- 0001340122-24-000015-xbrl Zip 1.01M
Exhibit 97.1
CALUMET SPECIALTY PRODUCTS PARTNERS, L.P.
CLAWBACK POLICY
Recoupment of Incentive-Based Compensation
It is the policy of Calumet Specialty Products Partners, L.P. (the “Company”) that, in the event the Company is required to prepare an accounting restatement of the Company’s financial statements due to material non-compliance with any financial reporting requirement under the federal securities laws (including any such correction that is material to the previously issued financial statements, or that would result in a material misstatement if the error were corrected in the current period or left uncorrected in the current period), the Company will recover on a reasonably prompt basis the amount of any Incentive-Based Compensation Received by a Covered Executive during the Recovery Period that exceeds the amount that otherwise would have been Received had it been determined based on the restated financial statements.
Policy Administration and Definitions
This Policy is administered by the Compensation Committee of the Company’s Board of Directors (the “Committee”) and is intended to comply with, and as applicable to be administered and interpreted consistent with and subject to the exceptions set forth in, Listing Standard 5608 adopted by The Nasdaq Stock Market to implement Rule 10D-1 under the Securities Exchange Act of 1934, as amended (collectively, “Rule 10D-1”).
For purposes of this Policy:
“Incentive-Based Compensation” means any compensation granted, earned or vested based in whole or in part on the Company’s attainment of a financial reporting measure that was Received by a person (i) on or after October 2, 2023 and after the person began service as a Covered Executive, and (ii) who served as a Covered Executive at any time during the performance period for the Incentive-Based Compensation. A financial reporting measure is (i) any measure that is determined and presented in accordance with the accounting principles used in preparing the Company’s financial statements and any measure derived wholly or in part from such a measure, and (ii) any measure based in whole or in part on the Company’s stock price or total shareholder return.
Incentive-Based Compensation is deemed to be “Received” in the fiscal period during which the relevant financial reporting measure is attained, regardless of when the compensation is actually paid or awarded.
“Covered Executive” means any officer of the Company as defined under Rule 16a-1(f) under the Securities Exchange Act of 1934, as amended.
“Recovery Period” means the three completed fiscal years immediately preceding the date that the Company is required to prepare the accounting restatement described in this Policy
and any transition period of less than nine months that is within or immediately following such three fiscal years, all as determined pursuant to under Rule 10D-1.
If the Committee determines the amount of Incentive-Based Compensation Received by a Covered Executive during a Recovery Period exceeds the amount that would have been Received if determined or calculated based on the Company’s restated financial results, such excess amount of Incentive-Based Compensation shall be subject to recoupment by the Company pursuant to this Policy. For Incentive-Based Compensation based on stock price or total shareholder return, where the amount of erroneously awarded compensation is not subject to mathematical recalculation directly from the information in an accounting restatement, the Committee will determine the amount based on a reasonable estimate of the effect of the accounting restatement on the relevant stock price or total shareholder return. In all cases, the calculation of the excess amount of Incentive-Based Compensation to be recovered will be determined on a pre-tax basis. The Company will maintain and will provide to The Nasdaq Stock Market documentation of all determinations and actions taken in complying with this Policy. Any determinations made by the Committee under this Policy shall be final and binding on all affected individuals.
The Company may effect any recovery pursuant to this Policy by requiring payment of such amount(s) to the Company, by set-off, by reducing future compensation, or by such other means or combination of means as the Committee determines to be appropriate. The Company need not recover the excess amount of Incentive-Based Compensation if and to the extent that the Committee determines that such recovery is impracticable or not required under Rule 10D-1, including if the Committee determines that the direct expense paid to a third party to assist in enforcing this Policy would exceed the amount to be recovered after making a reasonable attempt to recover such amounts. The Company is authorized to take appropriate steps to implement this Policy with respect to Incentive-Based Compensation arrangements with Covered Executives.
Any right of recoupment or recovery pursuant to this Policy is in addition to, and not in lieu of, any other remedies or rights of recoupment that may be available to the Company pursuant to the terms of any other policy, any employment agreement or plan or award terms, and any other legal remedies available to the Company or the clawback requirements of any applicable law; provided that the Company shall not recoup amounts pursuant to such other policy, terms or remedies to the extent it is recovered pursuant to this Policy. The Company shall not indemnify any Covered Executive against the loss of any Incentive-Based Compensation (or provide any advancement of expenses in such instance), including any payment or reimbursement for the cost of third-party insurance purchased by any Covered Executives to fund potential recovery obligations under this Policy
Effective: October 2, 2023
| This ‘10-K’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| Filed on: | 2/29/24 | None on these Dates | ||
| For Period end: | 12/31/23 | |||
| 10/2/23 | ||||
| List all Filings | ||||