PBF Energy 2012 Annual Report Download - page 46
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Please find page 46 of the 2012 PBF Energy annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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our Class A common stock or securities convertible into or exchangeable for shares of Class A common stock
until May 2013, except with the prior written consent of the underwriters. We are required to register the
issuance and resale of the shares of Class A common stock that may be issued to our existing owners pursuant to
the exchange agreement after the expiration of the lock-up period (or any earlier waiver by the underwriters).
These shares also may be sold under Rule 144 under the Securities Act of 1933, as amended, depending on the
holding period and subject to restrictions in the case of shares held by persons deemed to be our affiliates. As
restrictions on resale end or if we register additional shares, the market price of our stock could decline if the
holders of restricted shares sell them or are perceived by the market as intending to sell them.
ITEM 1B. UNRESOLVED STAFF COMMENTS
None.
ITEM 2. Properties
See Item 1. “Business”.
ITEM 3. LEGAL PROCEEDINGS
We are not currently a party to any legal proceedings that, if determined adversely against us, individually
or in the aggregate, would have a material adverse effect on our financial position, results of operations or cash
flows. Our subsidiary, Paulsboro Refining, formerly known as Valero Refining Company—New Jersey, is party
to certain legal proceedings that arose prior to our acquisition of the entity, for which we are indemnified by
Valero.
ITEM 4. MINE SAFETY DISCLOSURES
None.
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