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 Officers
ME Staff 8-k
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 Officers Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Departure of Ms. Daniel
On August 19, 2019, Ciner Resources LP (the “Partnership”) received notice from Ms. Nicole C. Daniel of her resignation as the Vice President, General Counsel and Secretary of Ciner Resource Partners LLC, the general partner (the “General Partner”) of the Partnership, as a member of the board of directors of American Natural Soda Ash Corp., and various other officer roles within members of the Ciner Group, the indirect parent of the General Partner, including as General Counsel and Secretary of Ciner Wyoming LLC, the Partnership’s majority-owned subsidiary, each effective as of September 6, 2019, in order to pursue other opportunities. There were no disagreements between Ms. Daniel and the entities or the respective board of directors or management of the entities she resigned from, including, but not limited to, the Board of Directors of the General Partner (the “Board of Directors”), the Partnership, the General Partner or the Partnership’s management, regarding any matter, including, but not limited to, the Partnership’s operations, policies or practices.
Departure of Mr. Bastug
On August 19, 2019, the Partnership received notice from Mr. Recep Bastug of his resignation from the Board of Directors and all committees thereof, effective as of August 30, 2019 in order to pursue other opportunities. In addition, Mr. Bastug>tendered his resignation from various other director roles within members of the Ciner Group, each effective as of August 30, 2019. There were no disagreements between Mr. Bastug and the entities or the respective board of directors or management of the entities he resigned from, including, but not limited to, the Board of Directors, the Partnership, the General Partner or the Partnership’s management, regarding any matter, including, but not limited to, the Partnership’s operations, policies or practices.
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).