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 Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On March12, 2019,Intrepid Potash,Inc. (“Intrepid,” “us,” or “our”) and Robert P. Jornayvaz III entered into a Fourth Amendment to Employment Agreement (the “Amendment”). Mr.Jornayvaz is our Executive Chairman of the Board, President, and Chief Executive Officer. The Amendment amends the Amended and Restated Employment Agreement, dated as of May19, 2010, and amended as of February23, 2011, February14, 2013, and March22, 2016, between us and Mr.Jornayvaz (the “Employment Agreement”). The Amendment extends the fixed term of the Employment Agreement by three years to April18, 2022.
A copy of the Amendment is filed as Exhibit10.1 to this Current Report on Form8-K and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Intrepid Potash, Inc. Exhibit
EX-10.1 2 a19-6580_1ex10d1.htm EX-10.1 Exhibit 10.1 Fourth Amendment to Employment Agreement This Fourth Amendment to Employment Agreement (this “Amendment”),…
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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.
