Intrepid Potash (IPI) hires Jason Tremblay as CFO with performance-based equity
Rhea-AI Filing Summary
Intrepid Potash, Inc. appointed Jason Tremblay as its new Chief Financial Officer, effective June 15, 2026. He will also serve as the company’s principal financial officer for SEC reporting purposes, while former interim principal financial officer Cris Ingold continues as Chief Accounting Officer.
Mr. Tremblay joins from The Mosaic Company, where he held senior finance and strategy roles, and previously spent a decade in public accounting with Deloitte & Touche and Ernst & Young. His compensation includes a $435,000 annual base salary, a target bonus equal to 75% of base pay starting in fiscal 2026, and equity awards with grant date fair values of $350,000 and $250,000 tied to time-based and performance-based vesting. The performance equity is linked to relative total shareholder return and reductions in Trio® and potash production costs for fiscal years 2026–2028, and he is expected to enter into a change in control agreement consistent with other executive officers.
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8-K Event Classification
Key Figures
Key Terms
change in control agreement financial
restricted stock financial
performance stock units financial
Trio® financial
principal financial officer financial
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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| Item 5.02. | Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On June 15, 2026, Intrepid Potash, Inc. (the “Company”) announced the appointment of Jason Tremblay as Chief Financial Officer of the Company, effective immediately. In connection with his appointment as Chief Financial Officer, Mr. Trembly will also serve as the Company’s principal financial officer for SEC purposes, replacing Cris Ingold, our Chief Accounting Officer, who has served as interim principal financial officer since March 16, 2026. Mr. Ingold will continue to serve as the Company’s Chief Accounting Officer following Mr. Tremblay’s appointment.
Mr. Tremblay, age 54, joins the Company from The Mosaic Company, where he most recently served as Vice President, Enterprise Strategy & Business Support. In that role, he led enterprise strategy, investor relations, enterprise risk management, and business support functions, working closely with senior leadership and the board on strategic planning, value creation initiatives, and capital allocation. During his tenure at Mosaic from 2007 to June 2026, Mr. Tremblay held a range of senior leadership roles, including Vice President of Finance for the company’s Potash Business Unit, where he supported operations, commercial activities, capital projects, and overall business performance. Prior to Mosaic, Mr. Tremblay spent 10 years in public accounting with Deloitte & Touche and Ernst & Young, where he developed expertise in audit, accounting, internal controls, due diligence, and professional practice oversight. Mr. Tremblay holds a Bachelor of Commerce degree from the University of Saskatchewan and is a Chartered Professional Accountant (CPA) of Canada.
In connection with his appointment as Chief Financial Officer, the Board approved an initial annual base salary for Mr. Tremblay of $435,000 per year, subject to annual review by the Company. Subject to future adjustment, Mr. Tremblay will also be entitled to participate in the Company’s annual bonus plan for executive officers beginning in fiscal year 2026, with an initial target bonus opportunity of 75% of his annual base salary. Mr. Tremblay will receive an equity grant consisting of restricted stock, or restricted and/or performance stock units, having an intended grant date fair value of $350,000 (the “Sign-On Equity Award”), to be granted no later than thirty (30) days following his start date (the “Effective Date”). Fifty percent (50%) of the granted value of the Sign-On Equity Award will be subject to time-based vesting in ratable annual increments over the three-year period commencing as of March 17, 2026, and the remaining fifty percent (50%) of the granted value of the Sign-On Equity Award shall be subject to performance-based vesting based on the achievement of specified Relative Total Shareholder Return for fiscal years 2026-2028, reduction to the Company’s Trio® production cost per ton for fiscal years 2026-2028 and reduction to the Company’s potash production cost per ton for fiscal years 2026-2028. 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 anniversary of the Effective Date. He is also entitled to participation in the Company’s other benefit programs generally available to senior executives of the Company and to relocation benefits.
In connection with Mr. Tremblay’s appointment as Chief Financial Officer, the Company and Mr. Tremblay are expected to enter into a change in control agreement. The terms of Mr. Tremblay’s change in control agreement are substantially the same as the change in control agreements with the Company’s other executive officers. The terms of the change in control agreements with the Company’s other executive officers are described in the Form 8-K the Company filed with the Securities and Exchange Commission on November 26, 2024, and such description is incorporated herein by reference.
There are no understandings or arrangements with any person pursuant to which Mr. Tremblay was selected as Chief Financial Officer, and he is not party to any related party transaction required to be reported pursuant to Item 404(a) of Regulation S-K.
| Item 7.01 | Regulation FD Disclosure. |
On June 15, 2026, the Company issued a press release announcing the appointment of Mr. Tremblay. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The information furnished under this Item 7.01, including Exhibit 99.1, will not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 and will not be incorporated by reference into any filing under the Securities Act of 1933, except as expressly set forth by specific reference in that filing.
| Item 9.01 | Financial Statements and Exhibits. |
| Exhibit No. | Description | |
| 99.1 | Press Release of Intrepid Potash, Inc. dated June 15, 2026. | |
| 104 | Cover Page Interactive Data File (embedded with the Inline XBRL document). |
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.
| INTREPID POTASH, INC. | ||
| Dated: June 15, 2026 | By: | /s/ Christina C. Sheehan |
| Christina C. Sheehan | ||
| General Counsel and Secretary | ||
Exhibit 99.1
6/15/2026
Intrepid Potash Announces Appointment of Jason Tremblay as Chief Financial Officer
DENVER--(BUSINESS WIRE)-- Intrepid Potash, Inc. (“Intrepid”, “the Company”, “we”, “us”, or “our”) (NYSE:IPI) today announced the appointment of Jason Tremblay as Chief Financial Officer, effective June 15, 2026.
Mr. Tremblay brings nearly three decades of leadership experience across finance, strategy, operations, and business transformation within the mining, agriculture, and crop nutrition industries.
Mr. Tremblay joins Intrepid from The Mosaic Company (NYSE: MOS), where he most recently served as Vice President, Enterprise Strategy & Business Support. In that role, he led enterprise strategy, investor relations, enterprise risk management, and business support functions, working closely with senior leadership and the board on strategic planning, value creation initiatives, and capital allocation.
During his tenure at Mosaic, Mr. Tremblay held a range of senior leadership roles, including Vice President of Finance for the company’s Potash Business Unit, where he supported operations, commercial activities, capital projects, and overall business performance
Prior to Mosaic, Mr. Tremblay spent 10 years in public accounting with Deloitte & Touche and Ernst & Young, where he developed expertise in audit, accounting, internal controls, due diligence, and professional practice oversight.
Kevin Crutchfield, Intrepid’s Chief Executive Officer, commented,
“We are pleased to welcome Jason to Intrepid. Jason brings a strong combination of financial expertise, operational insight, and strategic leadership that aligns well with our priorities. His experience driving disciplined capital allocation, strengthening financial performance, and supporting growth initiatives will be instrumental as we continue to enhance our operating efficiency and deliver sustainable long-term value for our shareholders.”
Mr. Tremblay holds a Bachelor of Commerce degree from the University of Saskatchewan and is a Chartered Professional Accountant (CPA) of Canada. He has also served in industry and community leadership roles, including as a former Board Member and Audit Committee Chair of the Saskatchewan Mining Association.
About Intrepid
Intrepid is a diversified mineral company that delivers potassium, magnesium, sulfur, and salt products essential for customer success in the agriculture and animal feed industries. Intrepid is the only U.S. producer of muriate of potash, which is applied as an essential nutrient for healthy crop development, utilized in several industrial applications and used as an ingredient in animal feed. In addition, Intrepid produces a specialty fertilizer, Trio®, which delivers three key nutrients, potassium, magnesium, and sulfate, in a single particle.
Intrepid serves diverse customers in markets where a logistical advantage exists and is a leader in the use of solar evaporation for potash production, resulting in lower cost and more environmentally friendly production. Intrepid’s mineral production comes from three solar solution potash facilities and one conventional underground Trio® mine.
Intrepid routinely posts important information, including information about upcoming investor presentations and press releases, on its website under the Investor Relations tab. Investors and other interested parties are encouraged to enroll at intrepidpotash.com, to receive automatic email alerts or RSS feeds for new postings.
Contact
Ryan Schultz
Interim Investor Relations Manager
Email: ryan.schultz@intrepidpotash.com