{"url_path":"/sec/capl/8-k/2026-07-21/item-5-02","section_key":"item-5-02","section_title":"Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-21","source_url":"https://www.sec.gov/Archives/edgar/data/1538849/0001193125-26-310448-index.html","accession_number":"0001193125-26-310448","cik":"0001538849","ticker":"CAPL","issuer_name":"CrossAmerica Partners LP","edgar_url":"https://www.sec.gov/Archives/edgar/data/1538849/0001193125-26-310448-index.html","primary_entity_key":"0001538849","primary_entity_name":"CrossAmerica Partners LP"},"word_count":456,"has_tables":true,"body_markdown":"Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers\n\nAppointment of Certain Officer\n\nOn July 20, 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 Jonathan E. Benfield to serve as Chief Financial Officer of the General Partner, effective immediately. Prior to this appointment, Mr. Benfield had served as Interim Chief Financial Officer and Chief Accounting Officer of the General Partner since March 2, 2026. Mr. Benfield’s biographical information was previously disclosed in the Partnership’s Current Report on Form 8-K filed with the Securities and Exchange Commission on March 2, 2026, which biographical information in Item 5.02 thereof is incorporated herein by reference.\n\nThere was no change to Mr. Benfield’s compensation in connection with his appointment as Chief Financial Officer. There are no arrangements or understandings between Mr. Benfield and any other persons pursuant to which he was appointed Chief Financial Officer, and Mr. Benfield has no family relationships with any director or executive officer of the Partnership. In addition, Mr. Benfield does not have a direct or indirect material interest in any transaction that would be required to be disclosed under Item 404(a) of Regulation S-K.\n\n \n\nAward of Phantom Unit Grant to Non-Employee Directors\n\nThe Board approved the grant under the CrossAmerica Partners LP 2022 Incentive Award Plan (the “Plan”) of phantom units to each of Justin A. Gannon, Thomas E. Kelso, Mickey Kim, Kenneth G. Valosky, Joseph V. Topper, Jr. and John B. Reilly, III (the “Non-Employee Directors”). Pursuant to separate Phantom Unit Award Agreements (the “Agreements”), each of Messrs. Gannon, Kelso, Kim, Valosky, Topper and Reilly has been granted, effective July 21, 2026 (the “Grant Date”), an award of phantom units in an amount equal to the Fair Market Value (as defined in the Plan) of $66,875 on the Grant Date. The Agreements also include awards of distribution equivalent rights (“DERs”, as defined in the Plan) entitling the holder thereof to an amount equal to the distributions authorized to be paid quarterly to holders of common units representing limited partner interests in the Partnership (“Partnership Units”), which payments shall be made on or about the same date as the distributions to holders of Partnership Units. The phantom units awarded to the Non-Employee Directors will fully vest on the first anniversary of the Grant Date, conditioned upon continuous service as a Non-Employee Director. Upon vesting, each phantom unit will entitle the holder to receive a Partnership Unit or cash in an amount equal to the Fair Market Value of a Partnership Unit, as determined at the discretion of the Board or a duly appointed committee thereof."}