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Current Report · Items 1.01, 2.01, 3.02, 3.03, 4.01, 5.02, 5.03, 8.01, 9.01 · 8-K

SunocoCorp LLC

SUNCNYSEEQUITYCurrent

Entry into a Material Definitive Agreement · Completion of Acquisition or Disposition of Assets · Unregistered Sales of Equity Securities · Material Modification to Rights of Security Holders · Changes in Registrant's Certifying Accountant · Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · Other Events

Item 1.01 Entry into a Material Definitive Agreement. Amended and Restated Limited Liability Company Agreement of SunocoCorp In connection with the consummation of the Arrangement, SunocoCorp Management LLC (the “SunocoCorp Manager”) adopted and entered into the Amended and Restated Limited Liability Company Agreement of SunocoCorp LLC, dated as of October 27, 2025 (the “SunocoCorp LLCA”).…

Filed Nov 3, 2025Accepted Nov 3, 2025, 9:26 AM ESTCIK 2089661Accession 0001193125-25-261818
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Company context

Sunoco LP (NYSE: SUN) is a leading energy infrastructure and fuel distribution master limited partnership operating across 32 countries and territories in North America, the Greater Caribbean, and Europe. The Partnership’s midstream operations include an extensive network of approximately 14,000 miles of pipeline and over 160 terminals. This critical infrastructure complements the Partnership’s fuel distribution operations, which distribute over 15 billion gallons annually to approximately 11,000 Sunoco and partner-branded retail locations, as well as independent dealers and commercial customers. SUN’s general partner is owned by Energy Transfer LP (NYSE: ET).

Current securities

Recent company filings

  1. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing · Regulation FD DisclosureSep 10, 2026
  2. Regulation FD DisclosureAug 10, 2026
  3. 10-Q filingAug 6, 2026
  4. Results of Operations and Financial Condition · Regulation FD DisclosureAug 4, 2026
  5. S-8 filingJul 16, 2026

Disclosure sections

Items 1.01, 2.01, 3.02, 3.03, 4.01, 5.02, 5.03, 8.01, 9.01

Select an item to read the extracted section. The as-filed document remains the primary evidence.

Item 1.01Item 1.01 - Entry into Material Agreement
Item 1.01 Entry into a Material Definitive Agreement. Amended and Restated Limited Liability Company Agreement of SunocoCorp In connection with the consummation of the Arrangement, SunocoCorp Management LLC (the “SunocoCorp Manager”) adopted and entered into the Amended and Restated Limited Liability Company Agreement of SunocoCorp LLC, dated as of October 27, 2025 (the “SunocoCorp LLCA”). The SunocoCorp LLCA, (i) provides that all activities of SunocoCorp will be conducted, directed and managed by the SunocoCorp Manager in its capacity as the managing member of SunocoCorp and as the holder of the management and ownership interest (the “Managing Member Interest”) in SunocoCorp, and (ii) fixes the rights, preferences, privileges, restrictions and obligations of the SunocoCorp Common Units issued as part of the Arrangement, which represent non-managing member limited liability company interests in SunocoCorp. Voting Rights The holders of SunocoCorp Common Units are entitled to a vote according to their percentage interest in SunocoCorp on all matters voted on by holders of SunocoCorp Common Units. The holders of SunocoCorp Common Units have no voting rights other than on the limited matters specified in the SunocoCorp LLCA. Non-managing members, including holders of SunocoCorp Common Units, will have no right to designate, elect, appoint or remove the members of the board of directors of the SunocoCorp Manager (the “SunocoCorp Manager Board”). Distributions The SunocoCorp LLCA provides that (i) the holders of SunocoCorp Common Units are entitled to participate in distributions, (ii) the Managing Member Interest will not have economic rights, including with respect to participation in distributions, and (iii) it will be the policy of SunocoCorp to pay regular quarterly cash distributions of substantially all of SunocoCorp’s cash available for distribution each fiscal quarter. The SunocoCorp Manager will make a determination of the amount of cash available for distribution to SunocoCorp members, based upon cash on hand at the end of the fiscal quarter, after establishing reserves for the prudent conduct of SunocoCorp’s business or for distributions to members in respect of future fiscal quarters as the SunocoCorp Manager may determine to be appropriate. The SunocoCorp Manager may change SunocoCorp’s cash distribution policy at any time without amending the SunocoCorp LLCA. Any such distributions will be made to SunocoCorp’s members pro rata in accordance with their percentage ownership interest in SunocoCorp. Liquidation Upon the dissolution of SunocoCorp (unless its business is continued in certain circumstances), the SunocoCorp LLCA provides that the SunocoCorp Manager will select one or more persons to act as liquidator (which may be the SunocoCorp Manager). The liquidator will, acting with all of the powers of the SunocoCorp Manager that are necessary or appropriate thereto, sell or otherwise dispose of SunocoCorp’s assets, discharge its liabilities and otherwise wind up its affairs. The liquidator may defer liquidation or distribution of SunocoCorp’s assets for a reasonable period of time or distribute assets to members in kind if it determines that a sale would be impractical or would result in undue loss to the members. In the event of a liquidation, dissolution or winding up of SunocoCorp, the holders of SunocoCorp Common Units are entitled to receive distributions of the assets of SunocoCorp remaining after satisfaction and discharge of all of SunocoCorp’s liabilities on a pro rata basis in accordance with their respective percentage interests in SunocoCorp. Transfers of SunocoCorp Common Units Upon a transfer of SunocoCorp Common Units in accordance with the SunocoCorp LLCA, each transferee of SunocoCorp Common Units will be admitted as a member with respect to the SunocoCorp Common Units transferred when such transfer and admission is reflected in SunocoCorp’s books and records. By accepting any SunocoCorp Common Units, each transferee: represents that the transferee has the capacity, power and authority to become bound by the SunocoCorp LLCA; automatically agrees to be bound by the terms and conditions of, and is deemed to have executed, the SunocoCorp LLCA; and gives the consents, waivers and acknowledgments contained in the SunocoCorp LLCA. Transfer of the Managing Member Interest; Removal of SunocoCorp Manager The non-managing members of SunocoCorp are not entitled to remove the SunocoCorp Manager. The SunocoCorp Manager may voluntarily withdraw as managing member by giving at least 90 days’ advance notice to SunocoCorp unitholders. In addition, the SunocoCorp LLCA permits the SunocoCorp Manager in some instances to sell or otherwise transfer all of its Managing Member Interest without the approval of the non-managing members so long as (x) the transferee agrees to assume all of the rights and duties of the SunocoCorp Manager under, and to be bound by, the SunocoCorp LLCA and (y) SunocoCorp receives an opinion of counsel that such transfer would not result in the loss of the limited liability of any non-managing member under the Limited Liability Company Act of the State of Delaware, as amended. In the case of a transfer of the Managing Member Interest, the transferee or successor will be subject to compliance with the terms of the SunocoCorp LLCA and will be admitted as the manager of SunocoCorp effective immediately prior to the transfer of the Managing Member Interest. Reimbursement of Expenses The SunocoCorp LLCA requires SunocoCorp to reimburse the SunocoCorp Manager for all direct and indirect expenses that the SunocoCorp Manager and its affiliates incur and payments they make on SunocoCorp’s behalf and all other expenses allocable to SunocoCorp or otherwise incurred by the SunocoCorp Manager in connection with operating SunocoCorp’s business. These expenses will include salary, bonus, incentive compensation and other amounts paid to persons who perform services for SunocoCorp or on its behalf and expenses allocated to the SunocoCorp Manager by its affiliates. The SunocoCorp Manager is entitled to determine the expenses that are allocable to SunocoCorp, and the SunocoCorp LLCA does not limit the amount of expenses for which the SunocoCorp Manager and its affiliates may be reimbursed. This summary is qualified in its entirety by reference to the full text of the SunocoCorp LLCA, which is attached as Exhibit 3.2 to this Current Report on Form 8-K and is incorporated herein by reference. Delegation Agreement In connection with the consummation of the Arrangement, SunocoCorp entered into a Delegation Agreement, dated as of October 27, 2025 (the “Delegation Agreement”), with Energy Transfer LP, a Delaware limited partnership (“Energy Transfer”), and Sunoco GP LLC, a Delaware limited liability company and the general partner of Sunoco (“Sunoco GP”), pursuant to which, among other things, Energy Transfer delegated all of its power and authority to elect, appoint and remove the members of the board of directors of Sunoco GP (the “Sunoco GP Board”) to SunocoCorp. The rights delegated to SunocoCorp will terminate upon the earliest to occur of, (i) the commencement of certain involuntary insolvency proceedings involving SunocoCorp, (ii) SunocoCorp or its governing body voluntarily commencing certain insolvency or liquidation proceedings, seeking consent for the appointment of a receiver, trustee or similar official, or making a general assignment for the benefit of its creditors, or (iii) upon written notice at the election of Energy Transfer, if Energy Transfer has a good faith belief that any of the foregoing events is substantially likely to occur in the near future or SunocoCorp has become unable to or generally failed to pay its debts as they become due or has become insolvent (or has admitted in writing or publicly declared its intention with respect to the foregoing). Under the Delegation Agreement, Sunoco GP also agreed that, for so long as any equity securities of SunocoCorp are listed on a national securities exchange or are not wholly-owned by Energy Transfer or its subsidiaries, Sunoco GP will not (i) propose or make any amendments to the Sunoco limited partnership agreement that would adversely affect the rights delegated to SunocoCorp under the Delegation Agreement or (ii) withdraw as general partner of Sunoco or assign or transfer its general partner interest in Sunoco. This summary is qualified in its entirety by reference to the full text of the Delegation Agreement, which is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference. Omnibus Agreement In connection with the consummation of the Arrangement, SunocoCorp also entered into an Omnibus Agreement with Sunoco, dated as of October 31, 2025 (the “Omnibus Agreement”), pursuant to which, among other things, during the term of the agreement, (i) Sunoco will indemnify SunocoCorp, the SunocoCorp Manager and SunocoCorp’s officers, employees, agents and representatives from certain liabilities incurred by SunocoCorp in connection with carrying on its business as provided for in the SunocoCorp LLCA, including liabilities from any litigation brought against SunocoCorp by holders of SunocoCorp Common Units, and (ii) Sunoco agreed to provide all general and administrative services necessary or useful for the conduct of SunocoCorp’s business and pay on SunocoCorp’s behalf or otherwise reimburse SunocoCorp for any costs and expenses incurred by SunocoCorp for any such services as well as certain other costs and expenses, including the salaries and related benefits and expenses of any SunocoCorp personnel and the expenses and expenditures incurred by SunocoCorp as a result of becoming and continuing as a publicly traded company. Sunoco’s indemnification obligations will not apply to (a) any liabilities relating to or arising out of any business, operations or financing activities engaged in by SunocoCorp following the completion of the Arrangement that are not related to its business of owning, directly or indirectly, partnership interests in Sunoco and activities incidental thereto and financing activities engaged in under the agreement or (b) any federal, state or local income taxes payable by SunocoCorp. The Omnibus Agreement also includes provisions relating to the intended economic alignment between the SunocoCorp Common Units and the Sunoco Common Units. In particular, (i) from the closing date of the Arrangement until the date that is the end of the eighth full quarter following such date, Sunoco will be required to ensure that SunocoCorp has sufficient cash available for distribution for SunocoCorp to pay distributions on each SunocoCorp Common Unit in an amount equal to 100% of the distributions paid by Sunoco on each Sunoco Common Unit for each fiscal quarter and (ii) Sunoco and SunocoCorp agree that is their intention, absent certain changes in circumstances, to keep the number of Sunoco Class D Units held by SunocoCorp equal to the number of SunocoCorp Common Units issued by SunocoCorp, including provisions to address potential offerings of SunocoCorp Common Units or any employee equity awards issued by SunocoCorp. In the event of certain triggering events, including events related to the ownership of the SunocoCorp Managing Member Interest or Sunoco general partner interest or SunocoCorp engaging, directly or indirectly, in any business or operations unrelated to its investment in Sunoco, SunocoCorp and Sunoco have agreed to renegotiate any needed amendments to the agreement in good faith so as to preserve, to the extent possible, their original intention to maintain economic and governance alignment between SunocoCorp and Sunoco. If Sunoco and SunocoCorp are unable to agree on the necessary amendments to the Omnibus Agreement or that no such amendments are necessary within the time period prescribed by the Omnibus Agreement, either party may terminate the Omnibus Agreement by written notice to the other parties thereto. This summary is qualified in its entirety by reference to the full text of the Omnibus Agreement, which is attached as Exhibit 10.2 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 2.01Item 2.01 - Completion of Acquisition
Item 2.01 Completion of Acquisition or Disposition of Assets. The disclosure set forth in the “Introductory Note” above is incorporated into this Item 2.01 by reference. The following sets forth certain additional information with respect to SunocoCorp, its business following the Effective Time and certain risks related thereto. Business As of the Effective Time, SunocoCorp’s only assets consist of its interest in Sunoco through its ownership of the Sunoco Class D Units and its ability to participate in and control the business of Sunoco and its subsidiaries through its rights to elect, appoint and remove the directors of the Sunoco GP pursuant to the Delegation Agreement. Description of SunocoCorp Common Units A description of the SunocoCorp Common Units, which represent non-managing limited liability company interests in SunocoCorp, including the rights, preferences and privileges of the SunocoCorp Common Units and certain restrictions and limitations thereon, is included as Exhibit 4.1 to this Current Report on Form 8-K, which is incorporated into this Item 2.01 by reference.
Item 3.02Item 3.02 - Unregistered Sales of Equity
Item 3.02 Unregistered Sales of Equity Securities. Reference is made to the disclosure regarding the Arrangement and the issuance of SunocoCorp Common Units pursuant to the exemption from the registration requirements afforded by Section 3(a)(10) of the Securities Act, as set forth in the “Introductory Note” above and Item 2.01 of this Current Report on Form 8-K, each of which is incorporated into this Item 3.02 by reference.
Item 3.03Item 3.03 - Material Modification to Rights
Item 3.03 Material Modification to Rights of Security Holders. In connection with the closing of the transactions contemplated by the Arrangement Agreement, the SunocoCorp Manager adopted and entered into the SunocoCorp LLCA, which governs the rights of holders of SunocoCorp Common Units. The description of the SunocoCorp LLCA set forth in Item 1.01 of this Current Report on Form 8-K and the description of the material terms of the SunocoCorp LLCA and the general effect thereof upon the rights of holders of SunocoCorp Common Units set forth in the description of the SunocoCorp Common Units included as Exhibit 4.1 to this Current Report on Form 8-K are incorporated into this Item 3.03 by reference.
Item 4.01Item 4.01 - Changes in Certifying Accountant
Item 4.01 Changes in Registrant’s Certifying Accountant. In connection with the consummation of the Arrangement, on October 31, 2025, Grant Thornton LLP was appointed as SunocoCorp’s independent registered public accounting firm to audit SunocoCorp’s consolidated financial statements for the year ended December 31, 2025.
Item 5.02Item 5.02 - Departure/Election of Directors
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers Appointment of Directors and Officers As of October 31, 2025, the following persons were appointed or confirmed as and are serving as directors and/or executive officers of the SunocoCorp Manager. Biographical information with respect to each of the directors and executive officers is also included below. Name Age Position ─────────────────────────────────────────────────────────────────────────────────────── Austin B. Harkness 45 Executive Vice President, Chief Commercial Officer Bradley C. Barron 59 Director Brian A. Hand 57 Executive Vice President, Chief Sales Officer David K. Skidmore 70 Director Dylan A. Bramhall 48 Chief Financial Officer Joseph Kim 54 President and Chief Executive Officer; Director Karl R. Fails 50 Executive Vice President, Chief Operating Officer Michael Jennings 60 Director Oscar A. Alvarez 69 Director Richard D. Brannon 66 Director W. Brett Smith 66 Director In addition, on October 31, 2025, the individuals below were appointed to the audit committee of the SunocoCorp Manager Board (the “Audit Committee”) and the compensation committee of the SunocoCorp Manager Board (the “Compensation Committee”), respectively, of the SunocoCorp Manager Board: Audit Committee Oscar Alvarez David Skidmore Brett Smith Compensation Committee Oscar Alvarez Brett Smith The SunocoCorp Manager Board has affirmatively determined that Messrs. Alvarez, Barron, Brannon, Jennings, Skidmore and Smith are independent within the meaning of the NYSE independence standards and applicable SEC rules for the committees on which they serve. Director Biographies: Bradley C. Barron - Director. In connection with the consummation of the Arrangement, Mr. Barron became a member of the SunocoCorp Manager Board. Mr. Barron has been a member of the Sunoco GP Board since July 2024. Mr. Barron previously served as the chairman of the board of directors of NuStar Energy L.P. (“NuStar”), as well as President and Chief Executive Officer of NuStar until NuStar’s acquisition by Sunoco LP in May 2024. From 2003 until his 2013 promotion to Chief Executive Officer of NuStar, Mr. Barron served in executive positions at NuStar ranging from Vice President, Executive Vice President, and General Counsel and Secretary. Prior to Mr. Barron’s service with NuStar, he was with Valero Energy Corporation from 2001 to 2003. He holds a Bachelor’s degree in Business Administration at Texas Tech University and a Juris Doctorate degree from The University of Texas School of Law, where he was Order of the Coif. Mr. Barron also serves on the board of directors of the San Antonio branch of the Federal Reserve Bank of Dallas. Mr. Barron has relevant experience, qualifications and skills in the logistics and refining industries as well as extensive knowledge and experience attained as an executive officer and director of public companies. David K. Skidmore - Director. In connection with the consummation of the Arrangement, Mr. Skidmore became a member of the SunocoCorp Manager Board and the Chair of the Audit Committee. Mr. Skidmore has been a member of the Sunoco GP Board since May 2021, and has been Chair of the Sunoco GP Board’s audit committee since January 2023. Mr. Skidmore previously served as a director of Energy Transfer Operating, L.P. from March 2013 to May 2021. He was also a member of the audit committee of Energy Transfer Operating, L.P. He has been Vice President of Ventex Oil & Gas, Inc. since 1995 and has been actively involved in exploration and production throughout the Gulf Coast and mid-Continent regions for over 35 years. He founded Skidmore Exploration, Inc. in 1981 and has been an independent oil and gas producer since that time. From 1977 to 1981, he worked for Paraffine Oil Corporation and Texas Oil & Gas in Houston. He holds BS degrees in both Geology and Petroleum Engineering, is a Certified Petroleum Geologist and Registered Professional Engineer (inactive), and active member of the AAPG, and SPE. Mr. Skidmore was selected to serve as a director because of his continual involvement in geological, geophysical, legal, engineering and accounting aspects of an active oil and gas exploration company. As an energy professional, active oil and gas producer and successful business owner, Mr. Skidmore possesses valuable first-hand knowledge of the energy transportation business and market conditions affecting its economics. Michael Jennings - Director. In connection with the consummation of the Arrangement, Mr. Jennings became a member of the SunocoCorp Manager Board. Mr. Jennings joined Parkland’s board of directors (the “Parkland Board”) in 2024 and served as the Executive Chair of the Parkland Board and its ESS committee until the Arrangement was consummated. Mr. Jennings served as Chief Executive Officer of HF Sinclair Corporation from January 2020 to May 2023. He also served as President of that Company from January 2020 to November 2021, as Executive Vice President from November 2019 to December 2019, as Executive Chairperson from January 2016 to January 2017 and as Chief Executive Officer and President from the July 2011 merger of Holly Corporation with Frontier Oil Corporation until January 2016. He served as Chairperson of the Board of HF Sinclair from January 2017 to February 2019 and also from January 2013 to January 2016. Mr. Jennings also served as Chief Executive Officer and Chair of HLS (the General Partner of Holly Energy Partners, an affiliated Master Limited Partnership of HF Sinclair) from January 2020 through November 2023. He previously served as Chief Executive Officer of HLS from January 2014 to November 2016 and as President of HLS from October 2015 to February 2016. Mr. Jennings served as President and Chief Executive Officer of Frontier Oil from 2009 until its merger with Holly Corporation and as the Executive Vice President and Chief Financial Officer of Frontier Oil from 2005 to 2009. Mr. Jennings currently serves as a director of The Plaza Group, a privately-owned firm engaged in the marketing and logistics management of high value chemical intermediates. He previously served as director and Audit Committee Chair of FTS International, Inc. from January 2019 to November 2020, as a director and Chairperson of the Board of Montage Resources and predecessor entities from May 2016 to November 2019, and as a director of ION Geophysical Corporation from December 2010 to February 2019. He served as Chairperson of the board of directors of Frontier Oil from 2010 until the merger in July 2011 and served as a director of Frontier from 2008 to July 2011. Oscar A. Alvarez - Director. In connection with the consummation of the Arrangement, Mr. Alvarez became a member of the SunocoCorp Manager Board, the Chair of the Compensation Committee and a member of the Audit Committee. Mr. Alvarez has been a member of the Sunoco GP Board since March 2018, chairs the Sunoco GP Board’s compensation committee and serves on its audit committee. Mr. Alvarez served the Republic of Honduras for over 30 years, and was elected as a Representative in the National Congress of Honduras multiple times before retiring from politics in 2018. Over the course of his political career he was appointed to the cabinet position of Secretary of Security in both 2002 and 2010. Prior to this, he assisted with the diplomatic mission of the Honduran Embassy in Washington D.C. as Assistant Defense Attaché. In 1994, Mr. Alvarez entered the private sector and founded Atessa Seguridad S.A., providing turnkey security services for many major banks in the country of Honduras. A veteran of the Honduran Armed Forces, he is a graduate of United States Army Ranger School in Fort Benning, GA and the Special Forces Qualification Course at Fort Bragg, NC. Mr. Alvarez has a bachelor’s degree from Texas A&M University, where he was the first cadet to be commissioned into a foreign army. He has also taken graduate courses in International Relations at Johns Hopkins University. Richard D. Brannon - Director. In connection with the consummation of the Arrangement, Mr. Brannon became a member of the SunocoCorp Manager Board. Mr. Brannon previously served as a member of the board of directors of LE GP, LLC (the “LE GP Board”) from March 2016 to November 2025, as well as the Chairman of the audit committee of the LE GP Board from April 2016 to November 2025. Mr. Brannon is the CEO of CH4 Energy Six, LLC and Uinta Wax, LLC, both independent companies focused on horizontal oil and gas development. Mr. Brannon previously served on the board of directors of WildHorse Resource Development from its IPO in December 2016 until June 2018. Mr. Brannon also formerly served on the board of directors and as a member of its audit committee and compensation committee of Sunoco GP, Regency, OEC Compression and Cornerstone Natural Gas Corp. He has over 35 years of experience in the energy business, having started his career in 1981 with Texas Oil & Gas. Mr. Brannon’s relevant experience includes his knowledge of the energy industry and his experience as a director and audit and compensation committee member for other public companies. W. Brett Smith - Director. In connection with the consummation of the Arrangement, Mr. Smith became a member of the SunocoCorp Manager Board and a member of the Audit Committee. Mr. Smith has been a member of the Sunoco GP Board and served as a member of its audit committee since March 2024. He has served as President and Managing Partner of Rubicon Oil & Gas, LLC since October 2000. He has also served as President of Rubicon Oil & Gas II, LP since May 2005, President of Quientesa Royalty LP since February 2005 and President of Action Energy LP since October 2008. Mr. Smith was President of Rubicon Oil & Gas, LP from October 2000 to May 2005. For more than 30 years, Mr. Smith has been active in assembling exploration prospects in the Permian Basin, Oklahoma, New Mexico and the Rocky Mountain areas. Mr. Smith previously served on the LE GP Board, the general partner of Energy Transfer LP, and on the audit committee of the LE GP Board, as well as on the board of directors of USA Compression GP, LLC, the general partner of USA Compression Partners, LP. Mr. Smith has relevant experience as an executive and as a director in the oil and gas industry, particularly for other limited partnerships. Executive Officer Biographies: Austin B. Harkness - Executive Vice President, Chief Commercial Officer. In connection with the consummation of the Arrangement, Mr. Harkness became Executive Vice President, Chief Commercial Officer of the SunocoCorp Manager. In addition, Mr. Harkness has served as Executive Vice President, Chief Commercial Officer of Sunoco GP since March 2024. He is responsible for all aspects of Sunoco’s supply, trading, pricing, real estate and unbranded sales activity. Mr. Harkness previously held the positions of Senior Vice President, Commercial from June 2021 to March 2024 and Vice President, Pricing & Real Estate beginning in March 2020 when he joined Sunoco. Prior to joining Sunoco, Mr. Harkness held various executive positions, including Chief Operating Officer for Honor and Vice President, Operations at YUM! Brands. Prior to that, Mr. Harkness worked at McKinsey where he served clients on a variety of strategic and commercial topics spanning multiple industries. He holds a Bachelor’s degree in Business Administration from the Business Honors Program and a Master of Business Administration degree from the McCombs School of Business, both at the University of Texas at Austin. Brian A. Hand - Executive Vice President, Chief Sales Officer. In connection with the consummation of the Arrangement, Mr. Hand became the Executive Vice President, Chief Sales Officer of the SunocoCorp Manager. In addition, Mr. Hand has served as Executive Vice President, Chief Sales Officer of Sunoco GP since March 2024. He is responsible for all aspects of the fuel distribution business, including strategic acquisition and divestment, branded wholesale, direct dealers, performance products, and sales. He is also responsible for all marketing functions, engineering, construction and strategic partnerships. Mr. Hand previously held the positions of Senior Vice President, Chief Sales Officer, Chief Development and Marketing Officer, Chief Procurement Officer and various other leadership positions during his tenure with Sunoco and Sunoco, Inc. (now known as ETC Sunoco Holdings LLC). Prior to joining Sunoco, Inc. in 2010, Mr. Hand served in various leadership positions at Hewlett Packard, Blockbuster, Inc. and Cingular Wireless (now AT&T Mobility). He holds a Bachelor’s degree in Accounting and Business Management from Lebanon Valley College and a Master of Business Administration degree from Widener University. Dylan A. Bramhall - Chief Financial Officer. In connection with the consummation of the Arrangement, Mr. Bramhall became the Chief Financial Officer of the SunocoCorp Manager. In addition, Mr. Bramhall has served as Chief Financial Officer of Sunoco GP since October 2020 and currently is also Group Chief Financial Officer of LE GP, LLC, the general partner of Energy Transfer, since November 2022. Mr. Bramhall joined Energy Transfer in 2015 as a result of its merger with Regency Energy Partners and is responsible for oversight of Sunoco’s Financial Planning and Analysis, Credit and Commodity Risk Management, Insurance, Cash Management, Capital Markets, Accounting, Financial Reporting and Investor Relations groups. He also serves as a member of Energy Transfer’s Risk Oversight Committee. While at Regency, Mr. Bramhall held management positions in the finance, risk, commercial and operations groups. Mr. Bramhall holds a Bachelor of Business Administration in finance and Master of Business Administration in finance and operations management, both from the University of Iowa. Joseph Kim - President and Chief Executive Officer and Director. In connection with the consummation of the Arrangement, Mr. Kim became a member of the SunocoCorp Manager Board and the President and Chief Executive Officer of the SunocoCorp Manager. In addition, Mr. Kim is the President and Chief Executive Officer of Sunoco GP and has been a member of the Sunoco GP Board since January 2018. From June 2017 through December 2017, he served as President and Chief Operating Officer of Sunoco and prior to that served as Executive Vice President and Chief Development Officer of Sunoco since October 2015. Prior to joining Sunoco in October 2015, Mr. Kim held various executive positions, including Chief Operating Officer for Pizza Hut and Senior Vice President - Retail Strategy and Growth for Valero Energy. Prior to his 18 years with Pizza Hut and Valero, Mr. Kim worked for Arthur Andersen within both the Audit and Consulting business units. He is a graduate of Trinity University with a bachelor’s degree in Business Administration. Karl R. Fails - Executive Vice President, Chief Operating Officer. In connection with the consummation of the Arrangement, Mr. Fails became the Executive Vice President, Chief Operating Officer of the SunocoCorp Manager. In addition, Mr. Fails has served as Executive Vice President, Chief Operating Officer of Sunoco GP since September 2021. He is responsible for overall performance of the business across all segments, both financial and operational, and has direct control of transportation and midstream operations. Mr. Fails previously held the positions of Senior Vice President, Chief Operations Officer from January 2019 to September 2021, Senior Vice President, Chief Commercial Officer from February 2018 to January 2019, and Executive Vice President - Supply & Trading from January 2017 to January 2018 and held various other leadership positions during his tenure at Sunoco and Sunoco, Inc. (now known as ETC Sunoco Holdings LLC). Prior to joining Sunoco, Inc. in 2010, Mr. Fails served in various operations and engineering roles in the refining business for both Valero Energy and Exxon. He holds Bachelor’s degrees in Chemical Engineering and Math from Brigham Young University and a Master of Business Administration degree from the University of California, Berkeley. SunocoCorp LLC 2025 Long-Term Incentive Plan In connection with the Arrangement, the SunocoCorp Manager Board adopted, on behalf of SunocoCorp, the SunocoCorp LLC 2025 Long-Term Incentive Plan (the “Plan”) and reserved 10,000,000 SunocoCorp Common Units for issuance thereunder, subject to adjustment in accordance with the terms of the Plan. The Plan will be administered by the Compensation Committee. Under the Plan, employees and members of the SunocoCorp Manager Board receive grants of cash and unit-based awards, including options, unit appreciation rights, restricted units, phantom units or unit awards, in each case on the terms and conditions determined by the SunocoCorp Manager Board or the Compensation Committee of the SunocoCorp Manager Board. The Plan will remain in effect until the earlier of (i) termination of the Plan by the SunocoCorp Manager Board, (ii) the issuance of all of the SunocoCorp Common Units available under the Plan or (iii) the tenth anniversary of its effective date. The foregoing description of the Plan does not purport to be complete and is qualified in its entirety by reference to the full text of the Plan, which is attached as Exhibit 10.3 to this Current Report on Form 8-K and is incorporated herein by reference. Compensatory Plans, Contracts or Arrangements The executive officers of the SunocoCorp Manager are also the executive officers of Sunoco GP and are not expected to receive additional compensation for their services on behalf of SunocoCorp.
Item 5.03Item 5.03 - Amendments to Articles/Bylaws
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. The information set forth in Item 1.01 with respect to the SunocoCorp LLCA and Item 2.01 of this Current Report on Form 8-K is incorporated by reference into this Item 5.03.
Item 8.01Item 8.01 - Other Events
Item 8.01 Other Events. On November 3, 2025, SunocoCorp and Sunoco issued a joint press release announcing the completion of the Arrangement. A copy of the press release is attached as Exhibit 99.2 to this Current Report on Form 8-K and is incorporated in this Item 8.01 by reference.
Filed exhibits (3)
EX-4.1 (by filename) d86949dex41.htm

EX-4.1 4 d86949dex41.htm EX-4.1 EX-4.1 Exhibit 4.1 DESCRIPTION OF THE REGISTRANT’S SECURITIES REGISTERED PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934 DESCRIPTION OF COMMON UNITS The following description of the common units of SunocoCorp LLC, a Delaware limited liability company (“SunocoCorp”) is a summary and does not purport to be complete. It is subject to and is qualified in its entirety by reference to the Certificate of Formation of SunocoCorp, as amended (the “Certificate of Formation”), and the full text of the Amended and Restated Limited Liability Company Agreement of SunocoCorp (as amended or modified from time to time, the “SunocoCorp LLCA”), which are incorporated by reference or filed as an exhibit to the Current Report on Form 8-K of which this Exhibit 4.1 is a part. We encourage you to read our Certificate of Formation, the SunocoCorp LLCA and the applicable provisions of the Delaware Limited Liability Company Act for additional information. The Common Units The SunocoCorp Common Units represent non-managing member limited liability company interests in SunocoCorp. The holders of SunocoCorp Common Units are entitled to participate in dis…

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EX-99.1 (by filename) d86949dex991.htm

EX-99.1 10 d86949dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Risk Factors Provided below are certain risks that should be reviewed when considering holding or making an investment in securities of SunocoCorp LLC (“SunocoCorp”). The risk factors set forth below are not all the risks that SunocoCorp faces, and there are other factors that SunocoCorp faces in the ordinary course of its business that are currently considered immaterial or that are currently unknown to SunocoCorp may impact its business, future operations or financial condition. In addition to the risks described below, holders of SunocoCorp securities should also review and consider the risk factors relating to Sunoco LP (“Sunoco”) disclosed in the section entitled “Item 1A. Risk Factors” of Sunoco’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (the “SEC”), and in Sunoco’s quarterly and current reports filed with the SEC. There may be a limited trading market for SunocoCorp’s securities. SunocoCorp became a publicly traded company in connection with the completion of the acquisition of Parkland Corporation (“Parkland”) by Sunoco by way of a court-approved plan of arrangement un…

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EX-99.2 (by filename) d86949dex992.htm

EX-99.2 11 d86949dex992.htm EX-99.2 EX-99.2 Exhibit 99.2 Sunoco LP and SunocoCorp LLC Announce Completion of Acquisition of Parkland Corporation and Start Date for Trading in SunocoCorp LLC Common Units; Publication of Updated Investor Presentation DALLAS, November 3, 2025 - Sunoco LP (NYSE: SUN) (“Sunoco” or the “Partnership”), and SunocoCorp LLC (NYSE: SUNC) (“SunocoCorp”) announced today that Sunoco completed the acquisition of Parkland Corporation (“Parkland”) on October 31, 2025 (the “Transaction”). Parkland shares are expected to be delisted from the Toronto Stock Exchange as of the close of markets on Tuesday, November 4, 2025 and, until such time, will continue to be traded on the Toronto Stock Exchange. The Common Units of SunocoCorp to be received by Parkland shareholders in connection with the Transaction will begin trading on the New York Stock Exchange on Thursday, November 6, 2025 under the ticker symbol “SUNC” following the settlement of the Parkland shares and completion of the allocation process for the SunocoCorp Common Units. An updated investor presentation is available on Sunoco’s website at www.sunocolp.com in the Investor Relations section under Webc…

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