A change has been made on the Board of Directors at Tulsa-based Alliance Resource Management.
The general partner of the Partnership announced that John H. Robinson planned to retire from the board of directors at the end of the year. Concurrent with the notice of his retirement, Mr. Robinson stepped down from his role as Chairman of the Compensation Committee, but he will remain a member of the Audit, Compensation and Conflicts Committees until his retirement at the end of the year.
Board of Director member Nick Carter, who is a member of the Compensation Committee, has been appointed as Chairman of such committee. In addition, Wilson M. Torrence, who is the Chairman of the Audit Committee, has been appointed as a member of the Conflicts Committee.
The announcement explained his retirement was not the result of any disagreement with the partnership’s operations or the board. Replacing Robinson on the board is Paul H. Vining who was elected and will serve as lead director.
Prior to his election to the Board of Directors, Vining received $30,000 a month (plus reimbursement for reasonable
expenses) as a consultant to the Partnership throughout 2023 and through the date of his election. Following his election to the
Board of Directors, Vining will no longer provide consulting services to the Partnership.
On July 26, 2024, the Partnership announced, via press release, that the Board of Directors approved a cash distribution
for the quarter ended June 30, 2024 of $0.70 per unit to unitholders of record as of the close of trading on August 7, 2024,
payable August 14, 2024.
In addition to news regarding the Board of Directors, the Partnership is announcing that Mark A. Watson has been
promoted to the role of Senior Vice President – Operations and Technology of MGP.