SEC Contract Filing

Filing Date: 2022-02-25

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>slca-20211231xexhibit101.htm
<DESCRIPTION>EX-10.1
<TEXT>
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<title>Document</title></head><body><div id="i76099420e6ec41818da84772132043b2_1"></div><div style="min-height:113.04pt;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;</font></div><div style="text-align:right"><img alt="image_1a.jpg" src="image_1a.jpg" style="height:58px;margin-bottom:5pt;vertical-align:text-bottom;width:154px"></div><div style="text-align:right"><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="text-align:right"><font><br></font></div></div><div><font><br></font></div><div><font style="color:#2f302b;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">September 20, 2021</font></div><div style="text-align:right"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Sandra Rogers</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:100%">4422 N. 75</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7.15pt;font-weight:400;line-height:100%;position:relative;top:-3.85pt;vertical-align:baseline">th</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:100%"> St. Unit 2005</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Scottsdale, AZ 85251</font></div><div><font><br></font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Dear Sandra&#58;</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Re&#58;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">&#160;&#160;&#160;&#160;U.S. Silica Board of Directors</font></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:100%">On behalf of U.S. Silica Holdings, Inc. (the &#8220;Company&#8221;), I am pleased to invite you to become a member of the Company&#8217;s Board of Directors (the &#8220;Board&#8221;), effective October 1, 2021. &#160;We believe that your skills, expertise and knowledge will prove very helpful to the Company and our stockholders as we strive to deliver best in class returns while balancing the needs of all our stakeholders. In addition to your normal Board duties, we invite you to also serve as a member of the Audit Committee and Nominating &#38; Governance Committee of the Board.</font></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:100%">To facilitate your onboarding, please complete, sign and return the following enclosed documents&#58;</font></div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:100%;padding-left:14.15pt">Section 16 Power of Attorney</font></div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:100%;padding-left:14.15pt">Indemnification Agreement</font></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:100%">For your reference, we have also enclosed copies of the 2020 Form 10-K, the 2021 Proxy Statement, the 2021 Board calendar, and the current draft of the 8-K announcing your appointment. In the next week we will be sending you a draft of the press release that will accompany the 8-K.</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:100%">In connection with your service as a director, you will be eligible for equity awards under the Company&#8217;s Amended and Restated 2011 Incentive Compensation Plan. Upon the commencement of your service on the Board, you will receive the 2021 director equity award of restricted stock units with a fair market value of $120,000, pro-rated to reflect the time you will serve on the Board between the date of your execution of this letter and the vesting of the award on May 13, 2022. The number of restricted stock units to be granted to you will be determined by dividing the value of the grant by the average closing price of a share of the Company&#8217;s common stock on the New York Stock Exchange over the thirty (30) trading days immediately preceding the grant date. Future annual equity grants will be determined by the Board based on the recommendation of the Compensation Committee of the Board. &#160;In addition to equity compensation, you will be entitled to receive cash compensation of (1) an Annual Retainer of $75,000, p