secwatch.observer — SEC 8-K summary
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Issuer:     CVR PARTNERS, LP (UAN)
CIK:        0001425292
Form:       8-K
Filed at:   2024-12-12T23:59:59+00:00
Accession:  0001425292-24-000023
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CVR Partners exec chairman David L. Lamp gets new contract; base salary rises to $1.2M
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- David L. Lamp enters new employment agreement with CVR Energy effective Jan. 1, 2025; base salary increases from $1.1M to $1.2M.
- Lamp serves as Executive Chairman of CVR Partners' general partner; Partnership reimburses CVR Energy for portion of his compensation.
- New contract provides annual cash bonus target of 150% of base salary and LTIP award target of 150% of base salary.
- Severance includes cash payment of up to $3M and accelerated LTIP vesting upon termination without cause or for good reason.
- Agreement expires Dec. 31, 2026, replacing prior agreement that expired Dec. 31, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1425292/000142529224000023/0001425292-24-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1425292/000142529224000023/cvi-20241212.htm
  HTML page:      https://secwatch.observer/filing/0001425292-24-000023

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