---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-110344"
form_type: "8-K"
ticker: null
cik: "0001144834"
company_name: "CIL&D, LLC"
filed_at: "2023-04-21T23:59:59+00:00"
generated_at: "2026-06-16T21:09:32.884141+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# CIL&D sells Kaiser Eagle Mountain for ~$22.6M, subsidiaries for ~$52K; proceeds distributed

## Summary
- KEM sold to Ecology Mountain Holdings for net cash ~$22,580,000 after closing costs and adjustments.
- Subsidiaries sold to Eubank Ave. LLC for net ~$52,000; Mine Reclamation entitled to 53.3% of net KEM proceeds.
- Remaining assets: cash, investments, and 84.247% interest in Mine Reclamation, expected to dissolve by end of 2023.
- Officers Stoddard and Cook resigned from sold entities; ~$887K distributed to Class C/D units, ~$650K incentive paid to Stoddard.

## SEC filing metadata
- accession: 0001193125-23-110344
- form_type: 8-K
- cik: 0001144834
- company_name: CIL&D, LLC
- filed_at: 2023-04-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1144834/000119312523110344/0001193125-23-110344-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1144834/000119312523110344/d467614d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-110344
- JSON: https://secwatch.observer/filing/0001193125-23-110344.json
- Plain text: https://secwatch.observer/filing/0001193125-23-110344.txt

## Key facts
- M&A Transactions
  CIL&D, LLC completed a disposition involving Eubank Ave. LLC for net cash price of approximately $52,000 (closed 2023-04-17).
  - Action: disposition
  - Counterparty: Eubank Ave. LLC
  - Consideration: net cash price of approximately $52,000
  - Closing: 2023-04-17
  source text: The separate Subsidiaries Sale closed on April 17, 2023, and the net cash price to the Company was approximately $52,000 after known and estimated closing costs and adjustments.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1144834/000119312523110344/0001193125-23-110344-index.htm
- M&A Transactions
  CIL&D, LLC completed a disposition involving Ecology Mountain Holdings LLC for net cash price of approximately $22,580,000 (closed 2023-04-17).
  - Action: disposition
  - Counterparty: Ecology Mountain Holdings LLC
  - Consideration: net cash price of approximately $22,580,000
  - Closing: 2023-04-17
  source text: On April 17, 2023, Acquisition sold its wholly owned subsidiary, KEM, to the Buyer for a net cash price of approximately $22,580,000 after known and estimated outstanding closing costs and adjustments.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1144834/000119312523110344/0001193125-23-110344-index.htm

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