IPI 10-K Annual Report Dec. 31, 2021 | Alphaminr
Intrepid Potash, Inc.

IPI 10-K Fiscal year ended Dec. 31, 2021

INTREPID POTASH, INC.
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Name: Intrepid Potash, Inc. <br /> CIK: 1421461 <br /> Filing Type: 10-K/A <br /> Report Date: 2021-12-31 <br /> Download URL: https://www.sec.gov/Archives/edgar/data/1421461/000142146122000011/ipi-20211231.htm <br />
TABLE OF CONTENTS
Part IItem 1. BusinessItem 1A. Risk FactorsItem 1B. Unresolved Staff CommentsItem 2. PropertiesItem 3. Legal ProceedingsItem 4. Mine Safety DisclosuresPart IIItem 5. Market For Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases Of Equity SecuritiesItem 6. ReservedItem 7. Management's Discussion and Analysis Of Financial ConditionItem 7A. Quantitative and Qualitative Disclosures About Market RiskItem 8. Financial Statements and Supplementary DataNote 1 Company BackgroundNote 2 Summary Of Significant Accounting PoliciesNote 3 Earnings Per ShareNote 4 Cash, Cash Equivalents and Restricted CashNote 5 Inventory and Long-term Parts InventoryNote 6 Property, Plant, Equipment, and Mineral PropertiesNote 7 LeasesNote 8 Intangible AssetsNote 9 DebtNote 10 Asset Retirement ObligationNote 11 RevenueNote 12 Compensation PlansNote 13 Income TaxesNote 14 Commitments and ContingenciesNote 15 Fair Value MeasurementsNote 16 Employee BenefitsNote 17 Business SegmentsNote 18 Concentration Of Credit RiskNote 19 Financial Information For Subsidiary GuarantorsNote 20 Subsequent EventItem 9. Changes in and Disagreements with Accountants on AccountingItem 9A. Controls and ProceduresItem 9B. Other InformationItem 9C. Disclosure Regarding Foreign Jurisdictions That Prevent InspectionsPart IIIItem 10. Directors, Executive Officers and Corporate GovernanceItem 11. Executive CompensationItem 12. Security Ownership Of Certain Beneficial Owners and Management and Related Stockholder MattersItem 13. Certain Relationships and Related Transactions,Item 14. Principal Accountant Fees and ServicesPart IVItem 15. Exhibits, Financial Statement SchedulesItem 16. Form 10-k Summary

Exhibits

3.1 Restated Certificate of Incorporation of Intrepid Potash,Inc. 8-K April 25, 2008 3.2 Certificate of Amendment to Restated Certificate of Incorporation of Intrepid Potash, Inc. 8-K May 26, 2016 3.3 Certificate of Amendment to Restated Certificate of Incorporation of Intrepid Potash, Inc. 8-K August 14, 2020 3.4 Amended and Restated Bylaws of Intrepid Potash,Inc. 8-K June 25, 2015 4.1 Description of Registrant's Securities 10-K March 3, 2020 10.1 Form of Indemnification Agreement with each director and officer 8-K April 25, 2008 10.2 Director Designation and Voting Agreement, dated as of April25, 2008, by and among Intrepid Potash,Inc., Harvey Operating and Production Company, Intrepid Production Corporation, and Potash Acquisition,LLC 8-K May 1, 2008 10.3 Registration Rights Agreement, dated as of April25, 2008, by and among Intrepid Potash,Inc., Harvey Operating Production Company, Intrepid Production Corporation, and Potash Acquisition,LLC 8-K May 1, 2008 10.4 Acknowledgment and Relinquishment, dated as of December 19, 2011, by and among Intrepid Potash,Inc., Harvey Operating and Production Company, Intrepid Production Corporation, and Potash Acquisition,LLC 10-K February 16, 2012 10.5 Amended and Restated Credit Agreement, dated as of August 1, 2019, by and among Intrepid Potash, Inc., the subsidiaries party thereto, Bank of Montreal, as administrative agent, swing line lender, lead arranger, and book runner, and the lenders party thereto. 8-K August 1, 2019 10.6 First Amended and Restated Credit Agreement, dated as of April 17, 2020, by and among Intrepid Potash, Inc., the subsidiaries party thereto, Bank of Montreal, as administrative agent, swing line lender, lead arranger, and book runner, and the lenders party thereto. 8-K April 23, 2020 10.11 Amended and Restated Employment Agreement, dated as of May19, 2010, by and between Intrepid Potash,Inc. and Robert P. Jornayvaz III+ 8-K May 19, 2010 10.12 Amendment to Employment Agreement, dated February 23, 2011, by and between Intrepid Potash, Inc. and Robert P. Jornayvaz III+ 8-K March 1, 2011 10.13 Second Amendment to Employment Agreement, dated as of February 14, 2013, by and between Intrepid Potash, Inc. and Robert P. Jornayvaz III+ 8-K February 19, 2013 10.14 Third Amendment to Employment Agreement, dated as of March 22, 2016, by and between Intrepid Potash, Inc. and Robert P. Jornayvaz III+ 8-K March 23, 2016 10.15 Fourth Amendment to Employment Agreement, dated as of March 12, 2019, by and between Intrepid Potash, Inc. and Robert P. Jornayvaz III+ 8-K March 15, 2019 10.16 Amended and Restated Employment Agreement, dated as of May19, 2010, by and between Intrepid Potash,Inc. and Hugh E. Harvey, Jr.+ 8-K May 19, 2010 10.17 Intrepid Potash,Inc. Amended and Restated Equity Incentive Plan+ 8-K May 24, 2019 10.18 Form of Restricted Stock Agreement under Intrepid Potash, Inc. Amended and Restated Equity Incentive Plan+ 10-K March 2, 2021 10.19 Form of Stock Option Agreement under Intrepid Potash, Inc. Amended and Restated Equity Incentive Plan+ 10-K March 2, 2021 10.20 Intrepid Potash,Inc. Amended and Restated Short-Term Incentive Plan+ 8-K May 26, 2016 10.21 Form of Change-of-Control Severance Agreement with Robert P. Jornayvaz III and Hugh E. Harvey, Jr.+ 10-Q November 3, 2011 10.22 Form of Change-in-Control Severance Agreement with Margaret E. McCandless and Mark A. McDonald+ 10-K March 12, 2019 10.23 Form of Noncompete Agreement with executives other than Robert P. Jornayvaz III+ 10-K February 28, 2017 10.24 Form of Retention Agreement+ 10-K March 12, 2019 10.25 Aircraft Dry Lease, dated as of January9, 2009, by and between Intrepid Potash, Inc. and Intrepid Production HoldingsLLC 8-K January 12, 2009 10.26 First Amendment to Aircraft Dry Lease, dated as of September 1, 2014, by and between Intrepid Potash, Inc. and Intrepid Production Holdings LLC 8-K August 18, 2014 10.27 Aircraft Dry Lease, dated as of September 1, 2014, by and between Intrepid Potash, Inc. and Odyssey Adventures, LLC 8-K August 18, 2014 21.1 List of Subsidiaries * 23.1 Consent of KPMGLLP * 23.2 Consent of Agapito Associates,Inc. * 31.1 Certification of Principal Executive Officer pursuant to Exchange Act Rules13a-14(a) and 15d-14(a) * 31.2 Certification of Principal Financial Officer pursuant to Exchange Act Rules13a-14(a) and 15d-14(a) * 32.1 Certification of Principal Executive Officer pursuant to 18 U.S.C. Section1350, as adopted pursuant to Section906 of the Sarbanes-Oxley Act of 2002 ** 32.2 Certification of Principal Financial Officer pursuant to 18 U.S.C. Section1350, as adopted pursuant to Section906 of the Sarbanes-Oxley Act of 2002 ** 95.1 Mine Safety Disclosure Exhibit * 96.1 Technical Report Summary for Intrepid Potash - New Mexico 96.2 Technical Report Summary for Intrepid Potash - Moab 96.3 Technical Report Summary for Intrepid Potash - Wendover 99.1 Transition Services Agreement, dated as of April25, 2008, by and between Intrepid Potash,Inc., Intrepid Oil Gas,LLC, and Intrepid Potash-Moab,LLC 8-K May 1, 2008 99.2 Extension and Amendment to Transition Services Agreement dated July14, 2009, to be effective as of April25, 2009, between Intrepid Potash,Inc. and Intrepid Oil Gas,LLC 10-Q August 7, 2009 99.3 Third Amendment to Transition Services Agreement dated March26, 2010, between Intrepid Potash,Inc. and Intrepid Oil Gas,LLC 10-Q May 5, 2010 99.4 Fourth Amendment to Transition Services Agreement dated March 25, 2011, between Intrepid Potash, Inc. and Intrepid Oil and Gas, LLC 10-Q May 5, 2011 99.5 Sixth Amendment to Transition Services Agreement dated April 3, 2013, between Intrepid Potash, Inc. and Intrepid Oil Gas, LLC 10-Q May 2, 2013 99.6 Seventh Amendment to Transition Services Agreement dated March 24, 2015, between Intrepid Potash, Inc. and Intrepid Oil Gas, LLC 10-Q April 28, 2015 99.7 Eighth Amendment to Transition Services Agreement dated March 22, 2017, between Intrepid Potash, Inc. and Intrepid Oil Gas, LLC 10-Q May 2, 2017 99.8 Ninth Amendment to Transition Services Agreement dated February 20, 2019, between Intrepid Potash, Inc. and Intrepid Oil Gas, LLC. 10-K March 12, 2019