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8-K Filing
Warrior Met Coal (HCC) 8-KDirector Compensation Following this Offering
Filed: 18 Apr 17, 12:00am
Exhibit 99.1
Director Compensation Following this Offering
Following the completion of this offering, our independent non-employee directors will receive cash and equity-based compensation for their services as directors, as follows:
• | an annual cash retainer of $60,000; |
• | an additional annual retainer of $10,000 for service as the chair of the audit committee; and |
• | an annual award of restricted stock granted under our 2017 Equity Plan having a value as of the grant date of $75,000, vesting in equal annual installments. |
Directors will also receive reimbursement for out-of-pocket expenses associated with attending board or committee meetings and director and officer liability insurance coverage. Each director will be fully indemnified by us for actions associated with being a director to the fullest extent permitted under Delaware law.