other material
confidence high
sentiment neutral
materiality 0.55
Alliance Resource Partners enters related-party Master Supply Agreement with Saminco Solutions
ALLIANCE RESOURCE PARTNERS LP
- Customer CR Services, unit of ARLP, entered 5-year Master Supply Agreement with Saminco Solutions LLC.
- Supplier is affiliated with CEO Joseph W. Craft III, who owns 14.6% of ARLP common units.
- Agreement covers traction drives, motors, switches, batteries, electrical systems, and repair services.
- Prices for products and services must be no less favorable than those given to other comparable customers.
- Conflicts Committee of independent directors unanimously approved the agreement.