{"url_path":"/sec/ipi/8-k/2026-06-15/item-5-02","section_key":"item-5-02","section_title":"Item 5.02 **","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-15","source_url":"https://www.sec.gov/Archives/edgar/data/1421461/0001104659-26-074079-index.html","accession_number":"0001104659-26-074079","cik":"0001421461","ticker":"IPI","issuer_name":"Intrepid Potash, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1421461/0001104659-26-074079-index.html","primary_entity_key":"0001421461","primary_entity_name":"Intrepid Potash, Inc."},"word_count":643,"has_tables":true,"body_markdown":"**Item 5.02.**\n**Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**\n\n \n\nOn June 15, 2026, Intrepid\nPotash, Inc. (the “Company”) announced the appointment of Jason Tremblay as Chief Financial Officer of the Company, effective\nimmediately. In connection with his appointment as Chief Financial Officer, Mr. Trembly will also serve as the Company’s principal\nfinancial officer for SEC purposes, replacing Cris Ingold, our Chief Accounting Officer, who has served as interim principal financial\nofficer since March 16, 2026. Mr. Ingold will continue to serve as the Company’s Chief Accounting Officer following Mr. Tremblay’s\nappointment.\n\n \n\nMr. Tremblay, age 54, joins the Company from The\nMosaic Company, where he most recently served as Vice President, Enterprise Strategy & Business Support. In that role, he led enterprise\nstrategy, investor relations, enterprise risk management, and business support functions, working closely with senior leadership and the\nboard on strategic planning, value creation initiatives, and capital allocation. During his tenure at Mosaic from 2007 to June 2026, Mr.\nTremblay held a range of senior leadership roles, including Vice President of Finance for the company’s Potash Business Unit, where\nhe supported operations, commercial activities, capital projects, and overall business performance. Prior to Mosaic, Mr. Tremblay spent\n10 years in public accounting with Deloitte & Touche and Ernst & Young, where he developed expertise in audit, accounting, internal\ncontrols, due diligence, and professional practice oversight. Mr. Tremblay holds a Bachelor of Commerce degree from the University of\nSaskatchewan and is a Chartered Professional Accountant (CPA) of Canada.\n\n \n\nIn connection with his\nappointment as Chief Financial Officer, the Board approved an initial annual base salary for Mr. Tremblay of $435,000 per year, subject\nto annual review by the Company. Subject to future adjustment, Mr. Tremblay will also be entitled to participate in the Company’s\nannual bonus plan for executive officers beginning in fiscal year 2026, with an initial target bonus opportunity of 75% of his annual\nbase salary. Mr. Tremblay will receive an equity grant consisting of restricted stock, or restricted and/or performance stock units,\nhaving an intended grant date fair value of $350,000 (the “Sign-On Equity Award”), to be granted no later than thirty (30)\ndays following his start date (the “Effective Date”). Fifty percent (50%) of the granted value of the Sign-On Equity Award\nwill be subject to time-based vesting in ratable annual increments over the three-year period commencing as of March 17, 2026, and the\nremaining fifty percent (50%) of the granted value of the Sign-On Equity Award shall be subject to performance-based vesting based on\nthe achievement of specified Relative Total Shareholder Return for fiscal years 2026-2028, reduction to the Company’s Trio®\nproduction cost per ton for fiscal years 2026-2028 and reduction to the Company’s potash production cost per ton for fiscal years\n2026-2028. He will also receive an equity grant with an intended grant date fair value of $250,000, which will vest in full on the third\nanniversary of the Effective Date. He is also entitled to participation in the Company’s other benefit programs generally available\nto senior executives of the Company and to relocation benefits.\n\n \n\nIn connection with Mr.\nTremblay’s appointment as Chief Financial Officer, the Company and Mr. Tremblay are expected to enter into a change in control agreement.\nThe terms of Mr. Tremblay’s change in control agreement are substantially the same as the change in control agreements with the\nCompany’s other executive officers. The terms of the change in control agreements with the Company’s other executive officers\nare described in the Form 8-K the Company filed with the Securities and Exchange Commission on November 26, 2024, and such description\nis incorporated herein by reference.\n\n \n\nThere are no understandings\nor arrangements with any person pursuant to which Mr. Tremblay was selected as Chief Financial Officer, and he is not party to any related\nparty transaction required to be reported pursuant to Item 404(a) of Regulation S-K."}