CFO Donald A. Merril terminated without cause effective October 20, 2023; separation agreement signed November 17

U.S. SILICA HOLDINGS, INC.

Merril receives lump sum of $440,000 (annual base salary), plus 12 months COBRA continuation.
Unvested time-based RSUs (totaling 47,067 shares) will vest within 30 days of execution.
PSUs will vest on pro-rata basis based on actual performance for the full performance period.
Vested stock options exercisable until 90 days after Oct 20 or original expiration.
Merril released all claims and reaffirms non-compete/non-solicitation obligations.

item 5.02 item 9.01

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Departed

Donald A. Merril

Executive Vice President and Chief Financial Officer

U.S. SILICA HOLDINGS, INC.

Effective: 2023-10-20
Filed: November 24, 2023, 6:59 PM ET

Donald A. Merril, the Company’s Executive Vice President and Chief Financial Officer, was terminated without cause effective October 20, 2023

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

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

Action: terminated without cause
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

Donald A. Merril, the Company’s Executive Vice President and Chief Financial Officer, was terminated without cause effective October 20, 2023

View on SEC.gov

Source: SEC EDGAR

accession 0001193125-23-282759

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