Intrepid Potash,Inc. (NYSE:IPI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02(b) Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
After the successful transition to solar-only potash production and Trio®-only production at the East facility,Intrepid Potash,Inc. (“Intrepid”) continues to make changes designed to streamline its management structure and reduce its costs. As part of these changes, on July25, 2017,Intrepid notified John G. Mansanti, Senior Vice President of Strategic Initiatives and Technical Services, that his position was being eliminated effective as of August1, 2017. Mr. Mansanti had previously transitioned to a 60% work schedule in February 2017 following the completion of several large Strategic Initiatives. Mr.Mansanti is expected to provide limited consulting services to Intrepid until December31, 2017.
About Intrepid Potash,Inc. (NYSE:IPI)
Intrepid Potash, Inc. is a producer of muriate of potash (potassium chloride or potash) and langbeinite (sulfate of potash magnesia) in the United States, which it markets and sells as Trio. The Company operates in the extraction, production and sale of potassium containing products segment. Its products are potash and Trio. The Company also produces salt, magnesium chloride and metal recovery salts from its potash mining processes. It owns approximately three solution mining facilities and over two conventional underground facilities that are utilized for producing potash. Its solution mining production comes from the HB mine near Carlsbad, New Mexico, a solution mine near Moab, Utah, and a brine recovery mine in Wendover, Utah. The Company’s production comes from its underground West and East mines near Carlsbad, New Mexico.