Matthew Preston Decides to Stay as Chief Financial Officer of Intrepid Potash, Inc
April 11, 2024 at 05:08 pm EDT
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Intrepid Potash, Inc. as previously announced, Matthew Preston, current Chief Financial Officer of Intrepid Potash, Inc. (the Company), informed the Company that he would be leaving his position to pursue another business opportunity effective April 12, 2024. After further discussion and negotiation with the Company, on April 10, 2024, Mr. Preston notified the Company of his decision to stay with the Company, continuing in his role as Chief Financial Officer of the Company, including as principal financial officer under Securities and Exchange Commission (SEC) rules and regulations.
Intrepid Potash, Inc. is a diversified mineral company that delivers potassium, magnesium, sulfur, salt, and water products for customers in agriculture, animal feed and the oil and gas industry. Its segments include potash, Trio, and oilfield solutions. Its three primary products are potash, Trio, and water. It also sells salt, magnesium chloride, metal recovery salts, brines, and water that are derived as part of its mining processes. It sells potash into three primary markets: the agricultural market as a fertilizer input, the industrial market as a component in drilling and fracturing fluids for oil and gas wells and an input to other industrial processes, and the animal feed market as a nutrient supplement. Trio is its specialty fertilizer that delivers potassium, sulfate, and magnesium in a single particle. It sells water primarily for industrial uses in the oil and gas services industry. Its other oilfield related offerings include caliche, right-of-way agreements, and others.