Ciner Resources LP (NYSE:CINR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 20, 2018 Alec G. Dreyer was appointed, effective as of July 1, 2018, as a member of the board of directors (the “Board”) of Ciner Resource Partners LLC (the “General Partner”), the general partner of Ciner Resources LP (the "Partnership"). Mr. Dreyer will serve as a director of the Board until the earlier of his removal in accordance with the provisions of the Amended and Restated Limited Liability Company Agreement of the General Partner, as amended (“the GP LLC Agreement”), his death or resignation. The Board has determined that Mr. Dreyer is “independent,” as independence is defined under the listing standards of the New York Stock Exchange and Section 10A of the Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder. On June 20, 2018, Mr. Dreyer was also appointed to serve on the Board’s Audit Committee and Conflicts Committee effective as of July 1, 2018.
As an independent director, Mr. Dreyer will participate in the General Partner’s compensation program for non-employee directors, described beginning on page 98 of the Partnership’s annual report on Form10-K for the year ended December31, 2017, filed on March9, 2018. Mr. Dreyer will be indemnified by the General Partner to the GP LLC Agreement and by the Partnership to the First Amended and Restated Agreement of Limited Partnership of the Partnership, as amended, for actions associated with being a director to the fullest extent permitted under Delaware law.
There are no arrangements or understandings between Mr. Dreyer and any other person to which Mr. Dreyer was selected to serve as a director of the General Partner. Neither the Partnership, the General Partner, nor the Board are aware of any transactions or existing relationships in which Mr. Dreyer has a direct or indirect material interest that would require disclosure to Item 404(a) of Regulation S-K.
About Ciner Resources LP (NYSE:CINR)
Ciner Resources LP, formerly OCI Resources LP, owns a controlling interest consisting of 51% membership interest in Ciner Wyoming LLC (Ciner Wyoming). Ciner Wyoming produces soda ash and serves a global market from its facility in the Green River Basin of Wyoming. The Company processes trona ore into soda ash, a raw material in flat glass, container glass, detergents, chemicals, paper and other consumer and industrial products. Its Green River Basin surface operations are situated on approximately 880 acres in Wyoming, and its mining operations consists of over 23,500 acres of leased and licensed subsurface mining area. The Company uses over six continuous mining machines and approximately 10 underground shuttle cars in its mining operations. Its processing assets consist of material sizing units, conveyors, calciners, dissolver circuits, thickener tanks, drum filters, evaporators and rotary dryers. The Company sells soda ash to American Natural Soda Ash Corporation (ANSAC).
