---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-003621"
form_type: "8-K"
ticker: "IPI"
cik: "0001421461"
company_name: "Intrepid Potash, Inc."
filed_at: "2025-01-15T23:59:59+00:00"
generated_at: "2026-05-28T01:02:23.744552+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Intrepid Potash appoints Gonzalo Avendano to board, enters cooperation agreement with Clearway Capital

## Summary
- Board expands from 7 to 8; Avendano appointed as independent Class I director effective Jan 14, 2025.
- Avendano has 30+ years in finance/wealth management; currently investment advisor at Clearway Capital Management.
- Cooperation agreement with Clearway (owns 9.1% of IPI) includes standstill, voting commitments, no proxy contest through 2026.
- Avendano also joins Audit, Compensation, Nominating/Governance, and EHSS committees.

## SEC filing metadata
- accession: 0001104659-25-003621
- form_type: 8-K
- ticker: IPI
- cik: 0001421461
- company_name: Intrepid Potash, Inc.
- filed_at: 2025-01-15T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1421461/000110465925003621/0001104659-25-003621-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1421461/000110465925003621/tm253369d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-003621
- JSON: https://secwatch.observer/filing/0001104659-25-003621.json
- Plain text: https://secwatch.observer/filing/0001104659-25-003621.txt

## Key facts
- Executive change
  Gonzalo Avendano was appointed as Director at Intrepid Potash, Inc..
  - Action: appointed
  - Role: Director
  source text: the Board appointed Gonzalo Avendano as an additional independent director to fill the vacancy created by the expansion of the Board and to serve as a Class I director of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1421461/000110465925003621/0001104659-25-003621-index.htm

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