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Form 8-K Murphy USA Inc. For: Oct 06

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October 8, 2015 7:51 AM EDT

 
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
 
Date of report (Date of earliest event reported): October 6, 2015
 
MURPHY USA INC.
(Exact name of registrant as specified in its charter)
 
Delaware
 
001-35914
 
46-2279221
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
 
 
200 Peach Street, El Dorado, Arkansas
 
71730-5836
 
(Address of principal executive offices)
(Zip Code)
 
Registrant’s telephone number, including area code: 870-875-7600
 
Not applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



    

Item 7.01 Regulation FD Disclosure.
Murphy USA is furnishing the press release describing the signing of a new supply agreement for its retail stores with Core-Mark Holding Company, Inc. on October 6, 2015 as Exhibit 99.1 to this Current Report on Form 8-K.
The information in this Item 7.01 and Exhibit 99.1 in Item 9.01 of this Current Report on Form 8-K are being furnished pursuant to Regulation FD. Such information shall not be deemed “filed” for the purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that Section, and shall not be incorporated by reference into any filing under the Securities Act, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
 
 
Exhibit No.
Description
99.1
Joint press release issued by Core-Mark Holding Company, Inc. and Murphy USA Inc., dated October 7, 2015, announcing the signing of a new supply agreement between the two companies.



    

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.
 
 
 
 
 
 
 
MURPHY USA INC.
 
By:
/s/ Donald R. Smith, Jr.
 
Donald R. Smith, Jr.
 
Vice President and Controller
Date: October 8, 2015


    
Exhibit 99.1

                
            


Murphy USA and Core-Mark Enter Strategic Supply Agreement

EL DORADO, AR and SOUTH SAN FRANCISCO, CA – (Marketwired) -- 10/07/15 –Murphy USA Inc. (NYSE: MUSA) and Core-Mark Holding Company, Inc. (NASDAQ:CORE) announced today that they have entered into a five year supply agreement whereby Core-Mark will be the primary wholesale distributor to Murphy USA, delivering over 75% of the merchandise sold in their stores. Services under this contract are expected to begin in the first quarter of 2016 and estimated to generate approximately $1.7 billion in annualized revenue for Core-Mark while creating efficiencies and a strategic supply chain relationship for Murphy USA.
 
“We are confident the Core-Mark team will be an excellent strategic partner for Murphy USA, and we look forward to working together to achieve our mutual goals of profitable growth, efficient operations and superior execution for our stores and our customers,” said Andrew Clyde, President and Chief Executive Officer of Murphy USA.

“This contract win, driven by our trusted relationships and transparent approach, is a bell weather moment for this organization,” said Thomas B. Perkins, President and Chief Executive Officer of Core-Mark. “We are committed to serving Murphy USA stores with operational excellence and an innovative approach.”

Murphy USA
Murphy USA is a leading marketer of retail motor fuel products and convenience merchandise with over 1,275 locations in 23 states across the Southwest, Southeast and Midwest United States. Its stores are 100% company operated. For more information, please visit corporate.murphyusa.com.

Core-Mark
Core-Mark is one of the largest marketers of fresh and broad-line supply solutions to the convenience retail industry in North America. Founded in 1888, Core-Mark offers a full range of products, marketing programs, and technology solutions to over 36,000 customer locations in the U.S. and Canada through 29 distribution centers (excluding two distribution facilities the Company operates as a third party logistics provider). Core-Mark services traditional convenience retailers, grocers, drug, liquor and specialty stores, and other stores that carry convenience products. For more information, please visit www.core-mark.com.




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