Toggle SGML Header (+)


Section 1: 8-K (8-K)

0001086600falseALLIANCE RESOURCE PARTNERS LP00010866002020-12-102020-12-10

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT PURSUANT TO

SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): December 10, 2020

ALLIANCE RESOURCE PARTNERS, L.P.

(Exact name of registrant as specified in its charter)

Delaware

73-1564280

(State or other jurisdiction of
incorporation or organization)

Commission
File No.: 0-26823

(IRS Employer
Identification No.)

1717 South Boulder Avenue, Suite 400, Tulsa, Oklahoma 74119

(Address of principal executive offices and zip code)

(918) 295-7600

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:

    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Units

ARLP

The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 10, 2020, the compensation committee of the board of directors of Alliance Resource Management GP, LLC approved the Fifth Amendment (the “Fifth Amendment”) to the Amended and Restated Alliance Coal, LLC 2000 Long-Term Incentive Plan, as amended from time to time (the “Plan”). The Fifth Amendment provides for the ability to grant cash awards under the Plan, in addition to the grant of restricted units and options previously authorized under the Plan. Cash awards may be granted on a free-standing basis or as an element of or a supplement to, or in lieu of, any other award granted under the Plan, in such amounts and subject to such other terms as the committee administering the Plan in its discretion determines to be appropriate. The Fifth Amendment was made effective as of December 10, 2020.

The foregoing description of the Fifth Amendment does not purport to be complete and is qualified in its entirety by reference to the complete text of the Fifth Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report and is incorporated herein by reference.    

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit
Number

 

Description

10.1

Fifth Amendment to the Amended and Restated Alliance Coal, LLC 2000 Long-Term Incentive Plan.

104

Cover Page Interactive Data File (formatted as inline XBRL).

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Alliance Resource Partners, L.P.

By:

Alliance Resource Management GP, LLC,

its general partner

By:

/s/ Joseph W. Craft III

Joseph W. Craft III

President, Chief Executive Officer

and Chairman

Date: December 14, 2020

3

(Back To Top)

Section 2: EX-10.1 (EX-10.1)

Exhibit 10.1

FIFTH AMENDMENT TO THE

AMENDED AND RESTATED

ALLIANCE COAL, LLC

2000 LONG-TERM INCENTIVE PLAN

THIS FIFTH AMENDMENT (the “Fifth Amendment”) to the Amended and Restated Alliance Coal, LLC 2000 Long-Term Incentive Plan, as amended from time to time (the “Plan”), has been adopted by Alliance Coal, LLC (the “Company”). Capitalized terms used but not defined herein shall have the meanings assigned to them in the Plan.  

W I T N E S S E T H:

WHEREAS, the Company previously adopted the Plan;

WHEREAS, Section 7(a) of the Plan provides that the Plan may be amended from time to time;  

WHEREAS, the Committee now desires to amend the Plan to provide for the grant of cash awards; and

WHEREAS, the Committee has determined that the Fifth Amendment shall be made effective as of December 10, 2020 (the “Amendment Effective Date”).  

NOW, THEREFORE, BE IT RESOLVED, that the Plan shall be amended as of the Amendment Effective Date, as set forth below:

1.The following defined term shall be added to Section 2 of the Plan:

“Cash Award” means an Award denominated in cash granted under the Plan.

2.In the defined term “Award” contained in Section 2 of the Plan, the following phrase shall be inserted immediately prior to the period therein: “, or a Cash Award granted under the Plan”

3.The existing Section 6(c) of the Plan shall be renumbered to read Section 6(d). Then, Section 6 of the Plan shall be amended to provide for a new Section 6(c), which shall read as follows:

“(c)Cash Awards. The Committee shall have the authority to grant Cash Awards, on a free-standing basis or as an element of, a supplement to, or in lieu of any other Award under the Plan to Participants in such amounts and subject to such other terms as the Committee in its discretion determines to be appropriate.”

RESOLVED, that except as amended hereby, the Plan is specifically ratified and reaffirmed.  

[Remainder of Page Intentionally Left Blank.]


(Back To Top)