UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 30, 2022, VUC Inc. (the “Company”), an affiliate of CrossAmerica Partners LP (the “Partnership”) and CrossAmerica GP LLC (the “General Partner”), and Mathew Evan Naylor entered into a Separation and Release Agreement (the “Agreement”) in connection with the termination on November 18, 2022 of Mr. Naylor’s employment with the Company and his resignation as an officer of affiliates and subsidiaries of the Partnership. Under the Agreement, in exchange for a release of claims against the Company, the Partnership, the General Partner and their respective affiliates, the Company will provide Mr. Naylor the following severance payments and benefits: (i) continuation of his base salary for a period of fifty (50) weeks, (ii) a bonus equal to $13,273.10 and (iii) health insurance coverage through October 31, 2023 if Mr. Naylor pays his applicable employee portion.
The foregoing description of the material terms of the Separation and Release Agreement does not purport to be a complete description and is qualified in its entirety by reference to the full text of the Separation and Release Agreement, which will be filed as an exhibit to the Partnership’s next Annual Report on Form 10-K.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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CrossAmerica Partners LP |
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By: |
CrossAmerica GP LLC |
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its general partner |
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By: |
/s/ Keenan D. Lynch |
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Name: |
Keenan D. Lynch |
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Title: |
General Counsel and Chief Administrative Officer |
Dated: December 2, 2022