On June 19, 2019, Star Group, L.P., (the Company), entered into an employment agreement with Mr. Jeffrey M. Woosnam, President and Chief Executive Officer of Kestrel Heat, effective as of March 18, 2019, under which his salary will be $316,702 per annum.Under his employment agreement, if Mr. Woosnam is terminated for reasons other than cause (as defined in the agreement) or if he terminates his employment for good reason (as defined in the agreement), Mr. Woosnam will be entitled to one years salary as severance.If Mr. Woosnams employment is terminated either by Mr. Woosnam or the Company for any reason (other than his death, termination by the Board for cause, or termination by Mr. Woosnam for good reason) within 180 days following a change in control (as defined i n the agreement) he will be entitled to a payment equal to two times his base annual salary in the year of such termination plus two times the average amount paid as a bonus and/or as profit sharing during the three years preceding the year of such termination.
Item9.01Financial Statements and Exhibits
Letter Agreement, dated as of June 19, 2019, between the Company and Jeffrey M. Woosnam regarding employment.
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.
STAR GROUP, L.P.
By: Kestrel Heat, LLC (General Partner)
/s/ Richard Ambury
Chief Financial Officer
Date: June 21, 2019
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