---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-106299"
form_type: "8-K"
ticker: "IPI"
cik: "0001421461"
company_name: "Intrepid Potash, Inc."
filed_at: "2024-10-04T23:59:59+00:00"
generated_at: "2026-05-30T19:58:37.068404+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-106299
- form_type: 8-K
- ticker: IPI
- cik: 0001421461
- company_name: Intrepid Potash, Inc.
- filed_at: 2024-10-04T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1421461/000110465924106299/0001104659-24-106299-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1421461/000110465924106299/tm2425364d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-106299
- JSON: https://secwatch.observer/filing/0001104659-24-106299.json
- Plain text: https://secwatch.observer/filing/0001104659-24-106299.txt

## Key facts
- Executive change
  Robert Jornayvaz III resigned as Chief Executive Officer at Intrepid Potash, Inc..
  - Action: resigned
  - Role: Chief Executive Officer
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1421461/000110465924106299/0001104659-24-106299-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.