Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Departure of Mr. Ergene
On August 5, 2022, Sisecam Resources LP (the “Partnership”) received notice from Mr. Tahsin Burhan Ergene of his resignation from the board of directors (the “Board of Directors”) of Sisecam Resource Partners LLC, the general partner (the “General Partner”) of the Partnership, effective as of August 5, 2022. In addition, Mr. Ergene tendered his resignation from various other director roles within members of the Sisecam Group (as defined in the Partnership’s 10-K for the year ended December 31, 2021), effective as of August 5, 2022. There were no disagreements between Mr. Ergene and the entities or the respective board of directors or management of the entities he resigned from, including, but not limited to, the Board of Directors of the General Partner, the Partnership, the General Partner or the Partnership’s management, regarding any matter, including, but not limited to, the Partnership’s operations, policies or practices.
Appointment of Ms. Ebru Sapoglu
On August 5, 2022, the Board of Directors of the General Partner appointed Ms. Ebru Sapoglu (age 46) to the Board of Directors of the General Partner, to be effective upon such appointment, and to serve until her successor has been duly elected and qualified or until her death, resignation or removal.
Ms. Şapoğlu is not an independent director and, as a result, will not participate in the General Partner’s compensation program for non-employee directors, described on page 127 of the Partnership’s annual report on Form 10-K for the year ended December 31, 2021, filed on March 15, 2022. However, Ms. Sapoglu will be indemnified by the General Partner pursuant to the Amended and Restated LLC Agreement of the General Partner, as amended, and by the Partnership pursuant to the First Amended and Restated Agreement of Limited Partnership of the Partnership, as amended, for actions associated with being a director to the fullest extent permitted under Delaware law.
There is no arrangement or understanding between Ms. Şapoğlu and any other person pursuant to which Ms. Şapoğlu was selected to serve as a director of the General Partner that are not described above. Neither the Partnership nor the Board of Directors of the General Partner is aware of transactions in which Ms. Şapoğlu has an interest that would require disclosure pursuant to Item 404(a) of Regulation S-K except as described herein. Ms. Şapoğlu has not been appointed, or is not currently expected to be appointed to, any committee of the Board of Directors of the General Partner.