Alliance Resource Partners LP: Director Changes & Financial Update

TL;DR

ARLP board shakeup, new director in, old one out. Financials also discussed.

AI Summary

Alliance Resource Partners, L.P. announced on July 24, 2024, the departure of Director Robert E. Malone and the election of new Director Michael A. Dees. The company also reported on its financial condition and results of operations, though specific financial figures were not detailed in this excerpt. The filing also noted compensatory arrangements for certain officers.

Why It Matters

Changes in board composition can signal shifts in company strategy or governance, while financial updates are crucial for investors to assess performance.

Risk Assessment

Risk Level: medium — Director changes and financial reporting can introduce uncertainty and impact investor confidence.

Key Players & Entities

• Alliance Resource Partners, L.P. (company) — Registrant
• Robert E. Malone (person) — Departing Director
• Michael A. Dees (person) — Newly Elected Director
• July 24, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $30,000 — Board of Directors, Mr. Vining received $30,000 a month (plus reimbursement for reasona
• $0.70 — for the quarter ended June 30, 2024 of $0.70 per unit to unitholders of record as of

Filing Documents

• arlp-20240724x8k.htm (8-K) — 49KB
• arlp-20240724xex99d1.htm (EX-99.1) — 957KB
• arlp-20240724xex99d2.htm (EX-99.2) — 23KB
• arlp-20240724xex99d1001.jpg (GRAPHIC) — 7KB
• arlp-20240724xex99d1004.jpg (GRAPHIC) — 1KB
• arlp-20240724xex99d2001.jpg (GRAPHIC) — 7KB
• 0001558370-24-010256.txt ( ) — 1226KB
• arlp-20240724.xsd (EX-101.SCH) — 3KB
• arlp-20240724_lab.xml (EX-101.LAB) — 16KB
• arlp-20240724_pre.xml (EX-101.PRE) — 10KB
• arlp-20240724x8k_htm.xml (XML) — 5KB

02

ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION. On July 29, 2024, Alliance Resource Partners, L.P. (the "Partnership") announced, via press release, its quarterly earnings and operating results for the quarter ended June 30, 2024. A copy of the Partnership's press release is attached hereto as Exhibit 99.1.

02

ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS. On July 26, 2024, the Partnership announced, via press release, that on July 24, 2024, John H. Robinson notified Alliance Resource Management GP, LLC ("MGP"), the general partner of the Partnership, that he will retire from the board of directors of MGP (the "Board of Directors") at the end of the year. Mr. Robinson's decision to retire is not the result of any disagreement with Partnership or the Board of Directors on any matters relating to the Partnership's operations, policies or practices. The Partnership also announced that Paul H. Vining has been elected to the Board of Directors and will serve as lead director but will not serve on any committee of the Board of Directors. In such capacity, Mr. Vining will assist the Board of Directors and the Partnership's management team on planning and other initiatives as directed from time to time by the Board of Directors or Mr. Craft. Prior to his election to the Board of Directors, Mr. Vining received $30,000 a month (plus reimbursement for reasonable expenses) as a consultant to the Partnership throughout 2023 and through the date of his election. Following his election to the Board of Directors, Mr. Vining will no longer provide consulting services to the Partnership. A copy of the Partnership's press release is attached hereto as Exhibit 99.2.

01

ITEM 8.01. OTHER EVENTS. On July 26, 2024, the Partnership announced, via press release, that the Board of Directors approved a cash distribution for the quarter ended June 30, 2024 of $0.70 per unit to unitholders of record as of the close of trading on August 7, 2024, payable August 14, 2024. A copy of the Partnership's press release is attached hereto as Exhibit 99.2. Concurrent with the notice of his retirement, Mr. Robinson stepped down from his role as Chairman of the Compensation Committee, but he will remain a member of the Audit, Compensation and Conflicts Committees until his retirement at the end of the year. Board of Director member Nick Carter, who is a member of the Compensation Committee, has been appointed as Chairman of such committee. In addition, Wilson M. Torrence, who is the Chairman of the Audit Committee, has been appointed as a member of the Conflicts Committee. In addition to news regarding the Board of Directors, the Partnership is announcing that Mark A. Watson has been promoted to the role of Senior Vice President – Operations and Technology of MGP. The information furnished in these Items 2.02 and 8.01 including information in Exhibits 99.1 and 99.2 hereto, 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 July 29, 2024. 99.2 Alliance Resource Partners, L.P. press release dated July 26, 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/ Cary P. Marshall Cary P. Marshall Senior Vice President and Chief Financial Officer Date: July 29, 2024 3

View Full Filing

View this 8-K filing on SEC EDGAR