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News Breaks
July 22, 2014
08:48 EDTDAKPDakota Plains Holdings appoints DeRosa to board
Dakota Plains Holdings announced that it has expanded its board of directors from six to seven directors and William DeRosa, of Lone Star Value Management, has been appointed to the board to fill the newly created vacancy effective immediately. Lone Star Value beneficially owns 3.5M shares of Dakota Plains common stock, equating to 6.4% of all shares outstanding.
News For DAKP From The Last 14 Days
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March 2, 2015
06:06 EDTDAKPDakota Plains Holdings CEO McKenzie steps down as Chairman of the Board
Craig McKenzie, CEO, stepped down as Chairman of the Board and proposed that the board elect an independent, non-executive Chairman. As a result, the Board elected Adam Kroloff as its non-executive Chairman of the Board. McKenzie continues as executive director. The board has reduced its size to five directors, effective May 1, 2015, comprised of four non-executive directors and the CEO. To enable this reconfiguring of the Board, Gabe Claypool will step down from the Board on May 1, 2015; Claypool continues as President and COO of the company. As previously announced, Paul Cownie and Terry Rust will also step down from the Board on the same date.
06:05 EDTDAKPDakota Plains Holdings announces operational updates
Dakota Plains Holdings announced operational developments to further grow stockholder value. Dakota Plains will bring its crude oil and sand transloading operations in-house effective June 1, 2015, and August 1, 2015, respectively. Construction of a third 90,000 barrel crude oil storage tank is ahead of schedule and remains on budget; the project is fully funded. The storage tank is expected to be operational by summer 2015 and will increase the storage capacity at the Pioneer Terminal from 180,000 barrels to 270,000 barrels. This expanded crude oil storage will enable increasing the sustainable throughput capacity of the Pioneer Terminal from 50,000 barrels per day to 80,000 barrels per day.

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