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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): August 4, 2005
 
HOLLY CORPORATION
(Exact name of Registrant as specified in its charter)
         
Delaware
(State or other
jurisdiction of incorporation)
  001-03876
(Commission File Number)
  75-1056913
(I.R.S. Employer
Identification Number)
         
100 Crescent Court,
Suite 1600
Dallas, Texas

(Address of principal
executive offices)
      75201-6927
(Zip code)
Registrant’s telephone number, including area code: (214) 871-3555
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

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Item 1.01. Entry into a Material Definitive Agreement
     Pursuant to the Holly Corporation Long-Term Incentive Compensation Plan, Holly Corporation grants to certain of its employees, including executive officers, performance share units.
     A form of agreement for grants of performance share units to employees including executive officers is attached as an Exhibit to this Form 8-K.
Item 9.01. Financial Statements and Exhibits
10.1 — Form of Performance Share Unit Agreement.
SIGNATURES
     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 thereunto duly authorized.
         
  HOLLY CORPORATION
 
 
  By:   /s/ Stephen J. McDonnell    
    Stephen J. McDonnell   
    Vice President and Chief Financial Officer   
 
Date: August 4, 2005

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EXHIBIT INDEX
     
Exhibit    
Number   Exhibit Title
10.1 -
  Form of Performance Share Unit Agreement.

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