Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 25, 2022, the Board of Directors (the "Board") of Alpha Metallurgical
Resources, Inc. (the "Company") promoted Dan Horn to serve as the Company's
executive vice president and chief commercial officer.
In connection with this appointment, the compensation committee of the Board has
increased Mr. Horn's annual base salary to $500,000. Mr. Horn's annual target
and maximum bonus opportunities under the annual Alpha Incentive Bonus Plan have
increased to 100% and 200% of his base salary, respectively, subject to
applicable performance criteria and plan terms. He remains eligible to receive
an annual incentive award under the Company's Long Term Incentive Plan, with his
target award increased to 200% of his base salary, and he will continue to
participate in the Company's Key Employee Separation Plan ("KESP") with a
Benefit Factor (as defined in the KESP) of 1.5, or a Benefit Factor of 2 in the
event of a Covered Change in Control Termination (as defined in the KESP), in
each case subject to the terms of the plan.
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