HF Sinclair Corporation filed a Form 8-K on October 28, 2026, disclosing the appointment of Steve Ledbetter as Chief Executive Officer and President effective January 1, 2027, third quarter 2026 financial results, and a regular quarterly dividend of $0.525 per share.

Key Highlights

  • New CEO appointed: Steve Ledbetter, currently President and Chief Operating Officer, was appointed Chief Executive Officer and President, effective January 1, 2027.
  • Outgoing CEO transition: Franklin Myers will continue as Chief Executive Officer until January 1, 2027, then remain with the corporation as Executive Chairperson.
  • Myers' post-transition role: As Executive Chairperson, Mr. Myers will focus on strategic advice related to the planned separation of the Lubricants & Specialties segment.
  • No compensation changes: According to the filing, the Board has not approved any changes to Mr. Ledbetter's compensation in connection with his appointment.
  • Quarterly dividend declared: The corporation announced a regular quarterly dividend of $0.525 per share alongside its third quarter 2026 results.
  • Board expansion planned: The Board expects to increase its size and appoint Mr. Ledbetter as a director at a future date, the filing stated.

HF Sinclair's CEO Transition and Lubricants Separation Plan

HF Sinclair Corporation (NYSE:DINO) disclosed in its October 28, 2026 Form 8-K that the Board of Directors, on October 26, 2026, appointed Steve Ledbetter to serve as Chief Executive Officer and President, effective January 1, 2027. Mr. Ledbetter currently holds the role of President and Chief Operating Officer. According to the filing, there are no arrangements or understandings between Mr. Ledbetter and any other person pursuant to which he was selected, and he has no family relationship with any director or executive officer of the corporation.

The filing states that Franklin Myers will serve as Chief Executive Officer through December 31, 2026, to support the leadership transition. Thereafter, Mr. Myers will remain with the corporation as Executive Chairperson, with responsibility for "providing strategic advice and counsel with respect to the Planned Separation," referring to the corporation's previously announced plan to pursue a separation of its Lubricants & Specialties segment. The filing did not provide a timeline for completion of the Planned Separation.

Separately, the filing reports that on October 28, 2026, HF Sinclair issued a press release announcing its third quarter 2026 results and a regular quarterly dividend of $0.525 per share. The corporation noted that if and when any material compensatory arrangement with Mr. Ledbetter is entered into or amended in connection with his appointment, it will file an amendment to the Current Report to disclose the material terms, as required by Item 5.02(e) of Form 8-K. The filing was signed by Vivek Garg, Acting Chief Financial Officer, Vice President, Chief Accounting Officer and Controller.

What Was Disclosed

HF Sinclair's Form 8-K reported the appointment of Steve Ledbetter as CEO effective January 1, 2027, the transitional role of outgoing CEO Franklin Myers as Executive Chairperson, a $0.525 quarterly dividend, and third quarter 2026 financial results.