Alliance Resource Partners Elects Directors, Adjusts Executive Pay
Ticker: ARLP · Form: 8-K · Filed: Mar 1, 2024 · CIK: 1086600
| Field | Detail |
|---|---|
| Company | Alliance Resource Partners LP (ARLP) |
| Form Type | 8-K |
| Filed Date | Mar 1, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-of-directors
Related Tickers: ARLP
TL;DR
ARLP board shakeup and new exec pay deals announced.
AI Summary
Alliance Resource Partners, L.P. announced on February 27, 2024, the election of new directors and changes in executive compensation. Specifically, the company elected three Class II directors: John T. Turner, Robert G. Boswell, and Gary L. Mize. Additionally, the company entered into new employment agreements with certain executive officers, including a new employment agreement with the President and Chief Executive Officer, Joseph W. Thedford.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy and management's confidence in future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns routine corporate governance matters like director elections and executive compensation adjustments.
Key Players & Entities
- Alliance Resource Partners, L.P. (company) — Registrant
- John T. Turner (person) — Elected Class II Director
- Robert G. Boswell (person) — Elected Class II Director
- Gary L. Mize (person) — Elected Class II Director
- Joseph W. Thedford (person) — President and Chief Executive Officer
FAQ
Who were the newly elected Class II directors for Alliance Resource Partners, L.P.?
The newly elected Class II directors were John T. Turner, Robert G. Boswell, and Gary L. Mize.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is February 27, 2024.
What specific executive officer entered into a new employment agreement?
Joseph W. Thedford, the President and Chief Executive Officer, entered into a new employment agreement.
In which state is Alliance Resource Partners, L.P. incorporated?
Alliance Resource Partners, L.P. is incorporated in Delaware.
What is the principal executive office address for Alliance Resource Partners, L.P.?
The principal executive office address is 1717 South Boulder Avenue, Suite 400, Tulsa, Oklahoma 74119.
Filing Stats: 603 words · 2 min read · ~2 pages · Grade level 10.1 · Accepted 2024-03-01 09:13:36
Filing Documents
- arlp-20240227x8k.htm (8-K) — 44KB
- arlp-20240227xex99d1.htm (EX-99.1) — 16KB
- arlp-20240227xex99d1001.jpg (GRAPHIC) — 7KB
- 0001558370-24-002240.txt ( ) — 192KB
- arlp-20240227.xsd (EX-101.SCH) — 3KB
- arlp-20240227_lab.xml (EX-101.LAB) — 16KB
- arlp-20240227_pre.xml (EX-101.PRE) — 10KB
- arlp-20240227x8k_htm.xml (XML) — 5KB
02
ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS. As announced on February 27, 2024, R. Eberley Davis stepped down from his position as Senior Vice President, General Counsel and Secretary of Alliance Resource Management GP, LLC ("MGP"), the general partner of Alliance Resource Partners, L.P. (the "Partnership"), effective March 1, 2024. Mr. Davis will remain with the Partnership in a part-time capacity.
.01. REGULATION FD DISCLOSURE
ITEM 7 .01. REGULATION FD DISCLOSURE. As announced on February 27, 2024, Steven Schnitzer was appointed Senior Vice President, General Counsel and Secretary of MGP, effective March 1, 2024. On February 27, 2024, the Partnership issued a press release announcing Mr. Schnitzer's appointment and Mr. Davis stepping down. A copy of the press release is furnished as Exhibit 99.1 hereto and incorporated by reference herein. The information furnished in this Item 7.01 including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except to the extent specifically referenced in any such filings.
01. FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS. (d) Exhibits Exhibit Number Description 99.1 Alliance Resource Partners, L.P. press release dated February 27, 2024. 104 Cover Page Interactive Data File (formatted as inline XBRL). 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Alliance Resource Partners, L.P. By: Alliance Resource Management GP, LLC, its general partner By: /s/ Joseph W. Craft III Joseph W. Craft III President, Chief Executive Officer and Chairman Date: March 1, 2024 3