ARLP unitholders approve LTIP amendment increasing authorized units from 7.2M to 15.5M
ALLIANCE RESOURCE PARTNERS LP
- Amendment adds 8.3M common units to the Plan, raising total authorization to 15.5M units.
- Vote results: 71,908,924 for (56.5% of outstanding, 95.3% of votes cast), 3,099,409 against, 438,901 abstain.
- Amendment effective November 15, 2022; also revises definitions of Board and Change in Control.
- Change in Control definition now includes carve-outs preserving Joseph W. Craft III's control.