U.S. Silica terminates CFO Don Merril, appoints Kevin Hough as interim CFO

U.S. SILICA HOLDINGS, INC.

CFO Donald A. Merril terminated without cause effective Oct 20, 2023; no disagreement on financial reporting.
Interim CFO Kevin Hough, previously VP & Corporate Controller since 2011, plans to retire in 2024; permanent search underway.
Hough's compensation: base salary $440k, target ABIP $375k prorated for 2023, sign-on cash $350k vesting May 1, 2024.
Hough will participate in CIC severance plan and indemnification agreement.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed (interim)

Kevin Hough

Executive Vice President, Chief Financial Officer and Chief Accounting Officer

U.S. SILICA HOLDINGS, INC.

Effective: 2023-10-20
Filed: October 20, 2023, 7:59 PM ET

On October 18, 2023, Kevin Hough was appointed, effective October 20, 2023, to serve as interim Executive Vice President, Chief Financial Officer and Chief Accounting Officer of U.S. Silica Holdings, Inc.

Departed

Donald A. Merril

Chief Financial Officer

U.S. SILICA HOLDINGS, INC.

Effective: 2023-10-20
Successor: Kevin Hough
Filed: October 20, 2023, 7:59 PM ET

succeeding Donald A. Merril, who was terminated without cause effective as of October 20, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kevin Hough was appointed as Executive Vice President, Chief Financial Officer and Chief Accounting Officer at U.S. SILICA HOLDINGS, INC..

Action: appointed
Role: Executive Vice President, Chief Financial Officer and Chief Accounting Officer

Exact text from the filing

On October 18, 2023, Kevin Hough was appointed, effective October 20, 2023, to serve as interim Executive Vice President, Chief Financial Officer and Chief Accounting Officer of U.S. Silica Holdings, Inc.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Donald A. Merril departed as Chief Financial Officer at U.S. SILICA HOLDINGS, INC..

Action: terminated without cause
Role: Chief Financial Officer

Exact text from the filing

succeeding Donald A. Merril, who was terminated without cause effective as of October 20, 2023.

View on SEC.gov

Source: SEC EDGAR

accession 0001193125-23-259929

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