CrossAmerica Partners LP filed SEC Form 8-K: Leadership Update, Regulation FD Disclosure, Financial Statements and Exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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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 March 2, 2026, the Board of Directors (the “Board”) of CrossAmerica GP LLC, the general partner (the “General Partner”) of CrossAmerica Partners LP (“CrossAmerica” or the “Partnership”), appointed Maura Topper as President and Chief Executive Officer (“CEO”) of the General Partner, effective as of March 2, 2026. Ms. Topper succeeds Charles M. Nifong, Jr., who departs from his role as President and CEO and a member of the Board as of the same date, having served in those capacities since November 2019. Effective as of March 2, 2026, Mr. Nifong will move to the executive management team of Dunne Manning Holdings LLC (“Dunne Manning”), which is an affiliate of the General Partner and of related entities controlled by Joseph V. Topper, Jr., founder of CrossAmerica and Chairman of the Board.
Prior to her appointment as President and CEO, Ms. Topper served as Chief Financial Officer of the General Partner. Information regarding Ms. Topper’s background and business experience, family relationships with the General Partner’s directors and executive officers and any related party transactions involving Ms. Topper is incorporated by reference herein from the Partnership’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 25, 2026.
The Partnership does not determine the compensation for its executive officers. The compensation philosophy and practices of the Topper Group (referring to Joseph V. Topper, Jr., collectively with his affiliates and family trusts that have ownership interests in the Partnership) are used to determine the total compensation of the Partnership’s executive officers. In connection with her promotion to President and CEO, Ms. Topper’s annual base salary was increased to $500,000 and her target short-term incentive opportunity remained unchanged at 50% of her base salary.
On March 2, 2026, the Board also appointed Jonathan E. Benfield, Chief Accounting Officer of the General Partner, as Interim Chief Financial Officer and Chief Accounting Officer of the General Partner, effective as of March 2, 2026. Mr. Benfield, age 50, was appointed Chief Accounting Officer of the General Partner in March 2022. Mr. Benfield previously served as Chief Accounting Officer of the General Partner from November 5, 2020 to September 10, 2021, and served in a variety of roles since joining the Partnership in 2012, including as the Interim Chief Financial Officer of the General Partner from November 19, 2019 to November 4, 2020 and April 16, 2021 to August 10, 2021. Before joining CrossAmerica, Mr. Benfield worked for four years at PPL Corporation, most recently as Manager of Financial Reporting. He also worked for nine years at Ernst & Young, most recently as Senior Manager in the audit practice. He served on the Board of Trustees of Bally Savings Bank from 2004 to 2012, including as chairman of the board from 2009 to 2012. Mr. Benfield is a Certified Public Accountant and holds a bachelor’s degree in Accounting and Finance from Kutztown University.
In connection with his appointment, and for the period which he serves, as Interim Chief Financial Officer and Chief Accounting Officer, Mr. Benfield’s annual base salary was increased to $325,000 and his target short-term incentive opportunity increased to 50% of his base salary.
Item 7.01 Regulation FD Disclosure
On March 2, 2026, the Partnership issued a press release announcing the executive leadership changes described above in Item 5.02. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information in Item 7.01 and Exhibit 99.1 of Item 9.01 of this report, according to general instruction B.2. of Form 8-K, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. Such information shall not be incorporated by reference into any registration statement pursuant to the Securities Act of 1933, as amended. By furnishing the information in Item 7.01 and Exhibit 99.1 of Item 9.01 of this report, the Partnership makes no admission as to the materiality of such information that the Partnership chooses to disclose solely because of Regulation FD.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits:
Exhibit No. |
Description |
99.1 |
Press Release dated March 2, 2026, regarding the executive leadership changes |
104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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: March 2, 2026