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(b)and (c) Departure of Directors or Certain
Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers

On March22, 2017, Brian D. Frantz, Senior Vice President and
Chief Accounting Officer of Intrepid Potash,Inc. (Intrepid, we,
us, or our), submitted his resignation effective as of April7,
2017, to pursue another career opportunity. Mr.Frantz serves as
our principal financial officer and principal accounting officer.

On March23, 2017, our Board of Directors appointed Joseph G.
Montoya as Vice President and Chief Accounting Officer effective
as of April7, 2017. Mr.Montoya will serve as our principal
financial officer and principal accounting officer. Mr.Montoya,
50, has served as our Controller since May2016 and served as
Divisional Controller of our New Mexico operations from April2014
to May2016. Prior to joining Intrepid, Mr.Montoya was Chief
Financial Officer of Stoneside LLC, a private company
specializing in custom window coverings, from July2013 to
April2014. From 2011 to June2013, Mr.Montoya was Vice President
of Internal Audit for Molycorp Inc., a public company in the rare
earths mining industry. From 2005 to 2011, Mr.Montoya was Vice
President of Internal Audit for Tomkins, plc, a UK-based public
company primarily in the original equipment automotive parts
manufacturing industry. From 2002 to 2005, Mr.Montoya served as
Plant Controller, Regional Controller, and Director of Financial
Planning and Analysis for Cenveo,Inc., a public company in the
printing industry. Prior to joining Cenveo, Mr.Montoya was a
manager at the international public accounting firm of Arthur
Andersen, LLP.

In connection with Mr.Montoyas appointment, the Compensation
Committee of our Board of Directors approved the following
compensation for Mr.Montoya effective as of April7, 2017: annual
base salary of $200,000; short-term incentive target of 20% of
salary; and long-term incentive target of 20% of salary.

Item 9.01(d) Financial Statements and
Exhibits

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.

Intrepid Potash, Inc. (NYSE:IPI) Recent Trading Information

Intrepid Potash, Inc. (NYSE:IPI) closed its last trading session down -0.01 at 1.64 with 2,195,996 shares trading hands.