Intrepid Potash Inc.

Intrepid Potash Inc. today announced that at the special meeting of stockholders held on July 28, 2020, Intrepid’s stockholders voted to approve all proposals presented, which together grant Intrepid’s Board of Directors authority to effect a reverse stock split of its shares of common stock at a ratio not less than 1-for-3 and not greater than 1-for-15 and, conditional on the split, to effect a corresponding reduction in [...]

Intrepid Potash announced today it paid down its Series C senior notes on July 17, 2020. Total payment to Series C noteholders was $17.1 million, which included $15.0 million in remaining principal, a reduced make-whole payment, and accrued interest. Intrepid made the payment entirely from cash on hand. After the payment, Intrepid has approximately $14 million in cash on hand, $30 million outstanding under its revolving [...]

Intrepid Potash plans to release its second quarter 2020 financial results on Monday, August 3, 2020, after the market closes. Intrepid will host a conference call on Tuesday, August 4, 2020 at 12:00 p.m. Eastern Time to discuss the results and other operating and financial matters and to answer investor questions. Management invites you to listen to the conference call by using the dial-in number 1-800-319-4610 from the [...]

Intrepid Potash has scheduled a special meeting of stockholders on Tuesday, July 28, 2020, at 10:00 a.m., Mountain Time to vote on a non-dilutive reverse split of Intrepid’s common stock at a ratio ranging from one-for-three to one-for-fifteen and a related reduction in authorized shares. The final ratio will be determined by Intrepid’s board based on, among other factors, its stock price on the split date. While Intrepid [...]

Intrepid Potash Inc. today announced that on June 2, 2020 it received written notice from the New York Stock Exchange stating that Intrepid had regained compliance with the applicable NYSE minimum share price requirement. On April 17, 2020, Intrepid previously received notice from the NYSE that its stock price had fallen out of compliance with NYSE continued listing standards. Under NYSE listing standards, Intrepid could [...]

Intrepid Potash Inc. which is proud it has been recognized as an essential business by the New Mexico Governor, today announced it safely sold a record volume of Trio® to domestic customers during April. “Most importantly, our team accomplished this work safely and under mandated COVID-19 safety guidelines and procedures, including social distancing.” said Mark McDonald Intrepid’s Vice President of Sales. “With [...]

Intrepid Potash today reported its results for the first quarter of 2020. Please note a change in the conference call format described in the body of the press release due to updated Denver County stay-at-home restrictions. Key Takeaways for Q1 2020 • Cash flow from operations of $14.8 million • Net loss of $7.4 million, or $0.06 per share, driven by a one-time litigation settlement described below • Adjusted net loss of [...]

Intrepid Potash Inc. today announced the appointment of Mary McBride as a new independent director to Intrepid’s Board of Directors , effective May 19, 2020. She will replace J. Landis Martin who announced his retirement, effective the same day, earlier this year. Ms. McBride brings additional financial, agricultural and oil and gas experience to the Board. “The depth of Mary’s banking experience serving customers across [...]

Intrepid Potash Inc. today announced that on April 17, 2020, it received formal notice of non-compliance with the New York Stock Exchange share price continued listing standards, which require a listed common stock to maintain a minimum average closing price of $1.00 per share for 30 consecutive days. Under NYSE rules, Intrepid generally has six months following receipt of the notification to regain compliance with this [...]

Intrepid Potash Inc. today, retires Series A Senior Notes, updates 2020 guidance and announces its first quarter 2020 earnings release and conference call dates. Highlights Repaid $20 million of senior notes Update 2020 capital expenditure guidance to $15-$20 million, a reduction of $15-$20 million from the top of previous guidance Intrepid’s flexible capital requirements protect liquidity and maintain balance sheet [...]