Form 8-K

8-K — Intrepid Potash, Inc.

Accession: 0001104659-26-070128

Filed: 2026-06-03

Period: 2026-05-28

CIK: 0001421461

SIC: 1400 (MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS))

Item: Submission of Matters to a Vote of Security Holders

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — tm2616646d1_8k.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (tm2616646d1_ex99-1.htm)

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0001421461

2026-05-28

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant

to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report: May 28, 2026

(Date of earliest event reported)

Intrepid Potash, Inc.

(Exact name of registrant as specified in

its charter)

Delaware

001-34025

26-1501877

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

707 17th Street, Suite 4200

Denver, Colorado 80202

(Address of principal executive offices and zip code)

(303) 296-3006

(Registrant’s telephone number, including

area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing

is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General

Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities

Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange

Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under

the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under

the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of

the Act:

Title of each class

Trading symbol

Name of each exchange on which registered

Common Stock, par value $0.001 per share

IPI

New York Stock Exchange

Indicate by checkmark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405

of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter)

Emerging

growth company ¨

If an emerging

growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with

any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 5.07. Submission

of Matters to a Vote of Security Holders.

The 2026 Annual Meeting of Stockholders of Intrepid

Potash, Inc. (the “Company”) was held on May 28, 2026, as a virtual meeting online via live audio webcast (the “Annual

Meeting”). At the Annual Meeting, there were 10,505,945 shares represented to vote either in person or by proxy, or 78.2% of the

outstanding shares entitled to vote, which represented a quorum. The Company’s stockholders voted on, and approved, the following

proposals at the Annual Meeting:

Proposal 1. Election

of two Class III Directors to serve three-year terms expiring at the 2029 Annual Meeting of Stockholders.

Nominee

Votes For

Votes Withheld

Abstentions

Broker Non-

Votes

Kevin S. Crutchfield

7,871,902

143,293

39,915

2,450,835

William M. Zisch

7,361,704

653,491

39,915

2,450,835

Proposal 2. Ratification

of the appointment of KPMG LLP as the Company’s independent registered public accounting firm for 2026.

Votes For

Votes Against

Abstentions

Broker

Non-

Votes

10,431,615

69,319

5,011

—

Proposal 3. Approval,

on an advisory basis, of the compensation of the Company’s named executive officers.

Votes For

Votes Against

Abstentions

Broker Non-

Votes

7,442,655

472,757

139,698

2,450,835

Item 7.01. Regulation FD Disclosure.

On June 3, 2026, the Company issued a press release announcing

its Board of Directors has authorized an increase in its existing share repurchase program, which was revised to increase the repurchase

authorization to up to $50 million of its common stock. As of May 28, 2026 approximately $13.0 million remained available under the

prior $35 million program.

The press release is furnished as Exhibit 99.1 to this Current

Report on Form 8-K and is incorporated herein by reference. The information furnished under this Item 7.01, including Exhibit 99.1,

will not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 and will not be incorporated

by reference into any filing under the Securities Act of 1933, except as expressly set forth by specific reference in that filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.

Description

99.1

Press Release of Intrepid Potash, Inc. dated June 3, 2026.

104

Cover Page Interactive Data File (embedded with the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934,

the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

INTREPID POTASH, INC.

Dated: June 3, 2026

By:

/s/ Christina C. Sheehan

Christina C. Sheehan

General Counsel and Secretary

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: tm2616646d1_ex99-1.htm · Sequence: 2

Exhibit 99.1

6/3/2026

Intrepid Potash Announces Expansion of Common Stock Repurchase Plan

Intrepid Potash, Inc. (“Intrepid”, “the Company”,

“we”, “us”, or “our”) (NYSE:IPI) today announced that its Board of Directors (“Board”)

approved an increase in the amount authorized for repurchasing shares of the Company’s common stock under the Company’s existing

share repurchase program. The Board expanded the authorized amount to $50 million, an increase from the $35 million the program originally

authorized in February 2022, which has approximately $13 million remaining.

The decision to increase the amount for share repurchases reflects

the Board’s ongoing review of Intrepid’s capital allocation strategy, as well as the Company’s improving operating performance

and strengthened balance sheet.

In addition to the increased amount allocated to share repurchases,

and the Company’s continued investment in our core assets, including high-return projects to improve operating efficiencies, reduce

costs, and extend mine life, the Board and management are evaluating a range of possible capital allocation initiatives, including:

· Organic growth initiatives closely aligned with the Company’s core operations;

· Inorganic opportunities that complement Intrepid’s core business; and

· Additional potential returns of capital to shareholders while maintaining

substantial liquidity and a strong balance sheet

“Increasing our share repurchase authorization to $50 million

reflects our confidence in Intrepid’s long-term potential and commitment to our shareholders,” said Kevin Crutchfield, Intrepid’s

Chief Executive Officer. “We also remain excited about various organic growth projects across the Intrepid portfolio and potential

strategic opportunities that could create meaningful value for Intrepid shareholders. We are committed to remaining thoughtful and disciplined

as we evaluate possible capital allocation opportunities and will update investors on our thoughts and progress as our evaluation of our

strategic priorities continues to advance.”

Under the increased authorization, the Company may repurchase up to

$50 million of its outstanding common stock from time to time in the open market or in privately negotiated transactions. The timing,

volume, and nature of any share repurchases will be at the Company’s sole discretion and will be dependent on market conditions,

share price, liquidity, applicable securities laws, compliance with or any limitations under the Company’s revolving credit facility,

and other factors. The program does not oblige the Company to repurchase any specific dollar amount or number of shares and may be suspended,

modified, or discontinued at any time.

About Intrepid

Intrepid is a diversified mineral company that delivers potassium,

magnesium, sulfur and salt water products essential for customer success in agriculture and animal feed industries. Intrepid is the only

U.S. producer of muriate of potash, which is applied as an essential nutrient for healthy crop development, utilized in several industrial

applications and used as an ingredient in animal feed. In addition, Intrepid produces a specialty fertilizer, Trio®, which delivers

three key nutrients, potassium, magnesium, and sulfate, in a single particle. Intrepid also provides water, magnesium chloride, and brine.

Intrepid serves diverse customers in markets where a logistical advantage

exists and is a leader in the use of solar evaporation for potash production, resulting in lower cost and more environmentally friendly

production. Intrepid’s mineral production comes from three solar solution potash facilities and one conventional underground Trio® mine.

Intrepid routinely posts important information,

including information about upcoming investor presentations and press releases, on its website under the Investor Relations tab. Investors

and other interested parties are encouraged to enroll at intrepidpotash.com, to receive automatic email alerts.

Forward-Looking Statements

This press release includes certain statements concerning expectations

for the future that are forward-looking within the meaning of the federal securities laws. Forward-looking statements contain known and

unknown risks and uncertainties (many of which are difficult to predict and beyond management's control) that may cause our actual results

in future periods to differ materially from anticipated or projected results. An extensive list of specific material risks and uncertainties

affecting Intrepid is contained in our Annual Report on Form 10-K for the year ended December 31, 2025, and other quarterly

and current reports filed with the Securities and Exchange Commission from time to time. Any forward-looking statements in this press

release are made as of the date of this press release, and Intrepid undertakes no obligation to update or revise any forward-looking statements

to reflect new information or events.

Contact

Ryan Schultz

Interim Investor Relations Manager

Email: ryan.schultz@intrepidpotash.com

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