Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Appointment of
OnDecember 20, 2019 ,Matthew H. Mead (age 57) was appointed as a member of the board of directors (the "Board of Directors") ofCiner Resource Partners LLC (the "General Partner"), the general partner ofCiner Resources LP (the "Partnership"), effective as ofJanuary 1, 2020 , to serve until the earlier of his removal in accordance with the provisions of the Amended and Restated Limited Liability Company Agreement of the General Partner, as amended, his death or resignation. Since 2001,Mr. Mead has owned and operated privately held family businesses inWyoming that specialize in livestock and land. He also has been a co-owner in a private family development company since 2007. Beginning inJanuary 2011 and ending inJanuary 2019 ,Mr. Mead served as the Governor of theState of Wyoming . Prior to his tenure as Governor,Mr. Mead served fromOctober 2001 toJune 2007 asUnited States Attorney for the District ofWyoming . In addition,Mr. Mead has agreed to serve as a member of the board of directors ofImperial Natural Resources Trona Mining Inc. ("Imperial"), a subsidiary of Akkan Enerji ve Madencilik Anonim ªirketi, a member of theCiner Group , effective as ofJanuary 1, 2020 .Mr. Mead earned a Bachelor of Arts degree fromTrinity University in 1984 and his Juris Doctorate from theUniversity of Wyoming in 1987. The General Partner believes thatMr. Mead's experience as aU.S. Attorney andGovernor of Wyoming equipped him with the necessary skills to be a member of the Board of Directors, in part, because of his extensive familiarity with the regulatory and governmental issues facing the Partnership in its daily operations. Pursuant to his appointment as a member of the Board of Directors of the General Partner and as a member of the board of directors of Imperial, the Board of Directors has approved an arrangement (the "Retainer Arrangement") whereby effectiveJanuary 1, 2020 ,Mr. Mead will receive an annual cash retainer of$200,000 , payable in monthly installments, a substantial portion of which is expected to be allocated to the General Partner for his services as a member of the Board of Directors of the General Partner. Other than the aforementioned matters, there are no arrangements or understandings betweenMr. Mead and any other person pursuant to which he was appointed to serve as a director of the Board of Directors. The Partnership and the General Partner are not aware of any transactions or existing relationships in whichMr. Mead has a direct or indirect material interest that would require disclosure pursuant to Item 404(a) of Regulation S-K other than as set forth herein, and are not aware of any family relationship betweenMr. Mead and the General Partner's executive officers, directors or any person nominated to become a director or executive officer of the General Partner that would require disclosure under Item 401(d) of Regulation S-K. Other than the Retainer Arrangement, no material plan, contract, or arrangement was entered into or materially amended by the Partnership or the General Partner in connection withMr. Mead's appointment, and there was no grant or award made by the Partnership or the General Partner toMr. Mead or modification thereto under any such plan, contract, or arrangement in connection with his appointment.
Item 7.01 Regulation FD Disclosure.
On
In accordance with General Instruction B.2 to Form 8-K, the information provided under this Item 7.01 and the information attached to this Form 8-K as Exhibit 99.1 shall be deemed to be "furnished" and shall not be deemed to be "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 it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act except as expressly set forth by specific reference in such filing. The furnishing of the information in this report is not intended to, and does not, constitute a determination or admission by the Partnership that the information in this report is material or complete, or that investors should consider this information before making an investment decision with respect to any security of the Partnership or any of its affiliates.
-------------------------------------------------------------------------------- Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description
99.1 Press release dated
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