(Edgar Glimpses Via Acquire Media NewsEdge) Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Effective March 20, 2014, Daniel Avramovich was appointed to serve as an
independent director of the Board of Directors of U.S. Silica Holdings, Inc.
("U.S. Silica") and as an independent member of the Board's Audit Committee.
Mr. Avramovich will be entitled to certain cash and equity compensation
arrangements described in that certain Letter Agreement, dated March 20, 2014,
by and between Mr. Avramovich and U.S. Silica, which is attached as Exhibit 10.1
to this Current Report on Form 8-K and is incorporated herein by reference.
Mr. Avramovich will also be entitled to enter into U.S. Silica's standard
indemnification agreement for directors.
There are no arrangements or understandings between Mr. Avramovich and any other
persons pursuant to which Mr. Avramovich was selected as a director. There are
no relationships between Mr. Avramovich and U.S. Silica or its subsidiaries that
would require disclosure pursuant to Item 404(a) of Regulation S-K.
A copy of U.S. Silica's press release announcing the appointment of
Mr. Avramovich is attached as Exhibit 99.1 to this Current Report on Form 8-K
and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
10.1 Letter Agreement, dated March 20, 2014, by and between Daniel
Avramovich and U.S. Silica.
10.2 Form of Indemnification Agreement (incorporated by reference from
Exhibit 10.20 to Amendment No. 5 to U.S. Silica's Registration
Statement on Form S-1, filed with the Securities and Exchange
Commission on December 29, 2011 (File No. 333-175636)).