Cloud Peak Energy Inc. (NYSE:CLD) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
Cloud Peak Energy Approves Annual Limits on Director
Awards Under Long Term Incentive Plan
On January4, 2017, the Board of Directors (the Board) of
Cloud Peak Energy Inc. (Cloud Peak Energy) approved the
Second Amendment to the Cloud Peak Energy Inc. 2009 Long Term
Incentive Plan (as amended and restated effective March12, 2016),
as amended by the First Amendment effective May11, 2016 (the
Restated 2009 LTIP), to limit the aggregate grant date
value of options and other awards that may be granted to each
non-employee director in any calendar year under the Restated
2009 LTIP to $500,000. The Second Amendment became effective on
January4, 2017.
A copy of the Second Amendment is attached hereto as Exhibit10.1
and is incorporated herein by reference. The foregoing summary is
qualified in its entirety by the complete terms and conditions of
the Second Amendment.
Item 9.01. Financial Statements and Exhibits.
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ExhibitNo. |
|
Description |
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10.1 |
Second Amendment to the Cloud Peak Energy Inc. 2009 Long |
About Cloud Peak Energy Inc. (NYSE:CLD)
Cloud Peak Energy Inc. is a producer of coal in the United States of America and the Powder River basin (PRB). The Company owns and operates three surface coal mines: the Antelope Mine, the Cordero Rojo Mine, and the Spring Creek Mine. The Company operates through two segments: Owned and Operated Mines segment, and Logistics and Related Activities. The Company’s Owned and Operated Mines segment is characterized by the focus on thermal coal production. Its segment includes the Company’s Antelope Mine, Cordero Rojo Mine, and Spring Creek Mine. The Company’s Logistics and Related Activities segment is characterized by the services the Company provides to its international and domestic customers. The services provided by it include the purchase of coal from third parties or from its owned and operated mines, at market prices, as well as the contracting and coordination of the transportation and other handling services from third-party operators, which are rail and terminal companies. Cloud Peak Energy Inc. (NYSE:CLD) Recent Trading Information
Cloud Peak Energy Inc. (NYSE:CLD) closed its last trading session up +0.33 at 5.35 with 1,480,757 shares trading hands.
