CEO Bob Jornayvaz resigns following medical leave; receives $2.04M payout

Intrepid Potash, Inc.

Separation agreement provides $2,041,949 cash payment plus COBRA and medical benefits.
Jornayvaz forfeits all unvested equity awards; resigns from board and all company positions.
Aircraft lease and director designation agreement terminated with no penalties.
CFO Matt Preston continues as acting principal executive officer while board searches for permanent CEO.
Jornayvaz eligible for board reappointment by Dec 31, 2025 if he holds 5%+ ownership and is capable.

item 1.02 item 5.02 item 7.01 item 9.01

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Departed

Robert Jornayvaz III

Chief Executive Officer

IPI · Intrepid Potash, Inc.

Effective: 2024-09-30
Filed: October 4, 2024, 7:59 PM ET

Effective September 30, 2024, Mr. Jornayvaz resigned from all positions with the Company and its subsidiaries and affiliates, including as the Chief Executive Officer and as a member of its Board of Directors (the “Board”).

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Robert Jornayvaz III resigned as Chief Executive Officer at Intrepid Potash, Inc..

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

Effective September 30, 2024, Mr. Jornayvaz resigned from all positions with the Company and its subsidiaries and affiliates, including as the Chief Executive Officer and as a member of its Board of Directors (the “Board”).

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Intrepid Potash, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-24-106299

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