Last $20.55 USD
Change Today 0.00 / 0.00%
Volume 2.9K
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As of 8:10 PM 07/10/14 All times are local (Market data is delayed by at least 15 minutes).

par petroleum corp (PARR) Snapshot

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11/11/13 - $25.00
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05/21/14 - $16.00
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par petroleum corp (PARR) Details

Par Petroleum Corporation operates as a diversified energy company in the United States. It operates in three segments: Refining, Distribution, and Marketing; Natural Gas and Oil Operations; and Commodity Marketing and Logistics Operations. The Refining, Distribution, and Marketing segment owns and operates a refinery that produces ultra-low sulfur diesel, gasoline, jet fuel, marine fuel, and other associated refined products. This segment distributes its products through wholesale, retail, and bulk channels, as well as exports refined products. The Natural Gas and Oil Operations segment, through its interests in Piceance Energy, LLC, focuses on producing natural gas in Garfield and Mesa Counties, Colorado; and owns non-operating interests in Colorado and offshore California, and an overriding royalty interest in New Mexico. The Commodity Marketing and Logistics segment focuses on sourcing, transporting, marketing, and distributing crude oil from Canada and the Western United States to refining hubs in the Midwest, Gulf Coast, and East Coast regions of the United States. The company was formerly known as Delta Petroleum Corporation and changed its name to Par Petroleum Corporation in August 2012. Par Petroleum Corporation was founded in 1984 and is headquartered in Houston, Texas.

536 Employees
Last Reported Date: 05/30/14
Founded in 1984

par petroleum corp (PARR) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $61.4K
Chief Operating Officer
Total Annual Compensation: $1.1M
Chief Legal Officer, Senior Vice President an...
Total Annual Compensation: $145.8K
Compensation as of Fiscal Year 2013.

par petroleum corp (PARR) Key Developments

Par Petroleum Announces Appoints 4 New Directors

Par Petroleum has appointed Melvyn N. Klein, Curt Anastasio, Timothy Clossey and Robert Silberman to the Board of Directors. The company, resigning from the Board were Michael Keener and Benjamin Lurie. Thesechanges expand the Board to seven, six of whom are independent directors. Melvyn N. Klein is a private investor and Founder of Melvyn N. Klein Interests. Curt Anastasio is an Executive Chairman of GasLog Partners, Timothy Clossey is the President and owner at Spirit Technologies. Robert S. Silberman was named Executive Chairman of the Board of Strayer Education Inc. in 2013.

Par Petroleum Corporation Announces Amendments to Bylaws

Par Petroleum Corporation's amended and restated bylaws (the Bylaws) were amended pursuant to the First Amendment to the Bylaws. Pursuant to the Bylaws amendment: the number of directors serving on the Board was increased from 5 to 7 to consist of those members designated pursuant to the Stockholders Agreement; the Chairman of the Board was granted an additional vote to resolve a deadlock when the initial vote on a matter results in a tie vote, replacing the previous requirement that a tie vote be resolved, first, by a majority of the directors designated by Whitebox or its affiliates and ZCOF or its affiliates; the requirement that the stockholders elect certain persons as the members of the board of managers of Piceance Energy was removed; the requirement that each committee of the Board include at least one Whitebox Director and one ZCOF Director was removed; and the requirement that amendments to the Bylaws must be approved by a majority of the Whitebox Directors and the ZCOF Directors was removed, such that the Board may amend the Bylaws or enact such other bylaws as in their judgment may be advisable for the regulation of the conduct of the affairs of the Company.

Par Petroleum Corporation Announces Board Changes

Par Petroleum Corporation announced the appointment of Melvyn N. Klein, Curt Anastasio, Timothy Clossey and Robert Silberman to the Board of Directors. Resigning from the Board were Michael Keener and Benjamin Lurie. These changes expand the Board to seven, six of whom are independent directors. Mr. Klein will take over the role as Chairman of the Board, while Mr. Monteleone will continue in his role as President and Chief Executive Officer; he is also a Director of the company.


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