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CVR Energy sues Delek for documents to determine the CEO's salary



(Reuters) – Billionaire Carl Icahn's refinery CVR Energy, the largest shareholder in Delek US Holdings, filed a lawsuit on Thursday, trying to inspect books and records of Delek regarding its CEO remuneration.

The lawsuit seeks information on total compensation to Delek's CEO Ezra Uzi Yemin, who CVR claims was close to $ 81 million between 2013 and 2020. CVR says the sum includes revenue not reported in the company's proxy statements.

Last month, Delek rejected US Holding's CVR candidates for the board, days after Icahn's company questioned the CEO's compensation and sent the first request.

CVR CEO David Lamp specifically questioned Uzi Yemin's 5% public partnership interest in Delek Logistics Partners, which was bought out in 2020 for $ 21

.4 million by Delek US Holdings.

"The reasons why Yemin was granted interest are unclear in view of the extraordinary existing remuneration he already received for his position as Ch's board member, CEO and CEO of both Delek and Logistics," the lawsuit states.

CVR also claims that Delek twice rejected CVR's request for further documents establishing Yemin's salary.

"Yemin seems to be absolutely determined that further information about his compensation will not be made public and is willing to freely spend Delek's money on lawyers to prevent this from happening," the trial said.

Delek did not respond to a request for comment.


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