U.S. Silica Holdings, Inc. (NYSE:SLCA) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
Effective August15, 2017, Diane Duren was appointed to serve as an independent director of the Board of Directors of U.S. Silica Holdings, Inc. (“U.S. Silica”) and as an independent member of the Board’s Audit Committee and Compensation Committee.
Ms.Duren will be entitled to certain cash and equity compensation arrangements described in that certain Letter Agreement, effective August15, 2017, by and between Ms.Duren and U.S. Silica, which is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference. Ms.Duren will also be entitled to enter into U.S. Silica’s standard indemnification agreement for directors.
There are no arrangements or understandings between Ms.Duren and any other persons to which Ms.Duren was selected as a director. There are no relationships between Ms.Duren and U.S. Silica or its subsidiaries that would require disclosure to Item 404(a) of Regulation S-K.
A copy of U.S. Silica’s press release announcing the appointment of Ms.Duren is attached as Exhibit 99.1 to this Current Report onForm8-K and is incorporated herein by reference.
| Item 5.02 | Financial Statements and Exhibits. |
|
Exhibit Number |
Description |
| 10.1 | Letter Agreement, effective August15, 2017, by and between Diane Duren and U.S. Silica. |
| 10.2 | Form of Indemnification Agreement (incorporated by reference from Exhibit 10.20 to Amendment No.5 to U.S. Silica’s Registration Statement on Form S-1, filed with the Securities and Exchange Commission on December29, 2011 (File No.333-175636)). |
| 99.1 | Press Release issued August17, 2017. |
U.S. SILICA HOLDINGS, INC. ExhibitEX-10.1 2 d223376dex101.htm EX-10.1 EX-10.1 Exhibit 10.1 Diane K. Duren July 31,…To view the full exhibit click here
About U.S. Silica Holdings, Inc. (NYSE:SLCA)
U.S. Silica Holdings, Inc. (U.S. Silica) is a domestic producer of commercial silica, a specialized mineral that is an input into a range of end markets. The Company operates in two segments: Oil & Gas Proppants, and Industrial & Specialty Products. In the Oil & Gas Proppants segment, the Company serves the oil and gas recovery market providing fracturing sand, or frac sand. The Industrial & Specialty Products segment consists of over 250 products and materials. In its end market, oil and gas proppants, its frac sand is used to stimulate and maintain the flow of hydrocarbons in oil and natural gas wells. Its silica is also used as an irreplaceable raw material in a range of industrial applications, including glassmaking and chemical manufacturing. The Company produces and sells a range of commercial silica products, including whole grain and ground products, as well as other industrial mineral products.
