ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
On February 3, 2023, United States Lime & Minerals, Inc. (the "Company") issued
a News Release announcing the financial results for the quarter and full year
ended December 31, 2022. A copy of the News Release is attached hereto as
Exhibit 99.1 and incorporated by reference herein in response to this Item 2.02.
ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
Resignation of Principal Operating Officer
Russell W. Riggs, the Company's Vice President - Production, has resigned from
his position, effective February 3, 2023. Mr. Riggs will serve as the Company's
Director Technical Services so that the Company can continue to benefit from the
vast experience he has gathered during his more than 35 years in the lime and
limestone industry.
Appointment of New Principal Operating Officer
Nathan M. O'Neill has been appointed as the Company's Vice President -
Production, effective February 3, 2023. Mr. O'Neill joined the Company in 2008
as the Quality Control Manager of Arkansas Lime Company. Since 2012, Mr. O'Neill
served as the Vice President and Plant Manager of Arkansas Lime Company. Prior
to joining Arkansas Lime Company, Mr. O'Neill began his career in the lime
industry at Linwood Mining in Davenport, Iowa, where he was a Quality Control
Chemist.
Mr. O'Neill will be paid an annual base salary of $230,000, subject to future
adjustments in the discretion of the Compensation Committee of the Company's
Board of Directors. Mr. O'Neill will be eligible for discretionary cash bonuses,
and grants of equity awards under the Company's Amended and Restated 2001
Long-Term Incentive Plan, in the discretion of the Compensation Committee, as
well as other benefits made available generally to employees of the Company. Mr.
O'Neill is subject to the Company's standard confidentiality, non-compete, and
non-solicitation agreement.
Mr. O'Neill has no family relationships with any director or executive officer
of the Company. Mr. O'Neill is not a participant in any transaction required to
be disclosed pursuant to Item 404(a) of Regulation S-K.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
The Exhibit Index set forth below is incorporated by reference in response to
this Item.
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