Alpha Metallurgical Resources (AMR) Announces Board Changes

On February 22, 2024, directors Michael J. Quillen and Albert E. Ferrara, Jr. each advised David J. Stetson, the chair of the board of Alpha Metallurgical Resources (NYSE: AMR), that they would resign from the board before the open of the New York Stock Exchange on Monday, February 26, 2024. Because of the director age limitation contained in the Company’s Corporate Governance Guidelines, neither Mr. Quillen nor Mr. Ferrara was eligible to stand for re-election at the Company’s annual meeting of stockholders, scheduled for May 2, 2024. On the same date, director Elizabeth A. Fessenden also advised Mr. Stetson that she would resign from the board on the same date and at the same time as Messrs. Quillen and Ferrara. None of these departures is a result of any disagreement with the company.

Also on February 22, 2024, the board appointed Shelly Lombard as a director of the Company and as chair of the board’s audit committee, effective as of the close of the New York Stock Exchange on Monday, February 26, 2024. There are no arrangements or understandings between Ms. Lombard and any other persons pursuant to which she was selected as a director. Ms. Lombard does not have any family relationship with any of the Company’s directors or executive officers or any person nominated by the Company to be a director or executive officer. She will be compensated for her service according to the Company’s Non-Employee Director Compensation Policy, as amended from time to time.

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