Lila Weirich
About Lila R. Weirich
Independent director of United States Lime & Minerals, Inc. since November 2024; age 60. She brings 34+ years of lime industry experience, notably as Sales Director at Austin White Lime and Vice President of Austin White Lime Transport, Inc. with responsibility for logistics; she served as a director of the National Lime Association until 2024 and has been an elected director of Robinson Family Management since 2022 . The board has determined she is independent under Nasdaq rules .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Austin White Lime Company | Sales Director (various sales/marketing roles) | Through March 2024 (lime operations sold) | Commercial leadership in sales/marketing |
| Austin White Lime Transport, Inc. (subsidiary) | Vice President; responsible for all logistics | Through March 2024 | Oversight of logistics operations |
| National Lime Association | Director | Until 2024 | Industry association governance |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Robinson Family Management (holding company for Austin White Lime and other Robinson family entities) | Elected Director | Since 2022 | Private company board role |
| National Lime Association | Director | Until 2024 | Industry body; prior external board |
Board Governance
- Committee assignments: Member, Nominating & Corporate Governance Committee; the committee is composed of Doumet (chair), Cardin, Hawkins, Duhé, and Weirich, all independent directors .
- Independence: Board determined Weirich is independent under Nasdaq rules .
- Attendance: In 2024, the board held 7 meetings; each director attended at least 75% of board and applicable committee meetings; all directors attended the 2024 annual meeting; independent directors meet in executive session with each quarterly board meeting .
- Audit and Compensation Committees: Weirich is not listed as a member; audit committee members are Hawkins (chair), Cardin, Wolkenstein, and Duhé; compensation committee members are Cardin (chair), Doumet, Hawkins, and Duhé .
- Governance infrastructure: The audit committee reviews and approves related-party transactions, oversees insider trading policy (prohibits short selling, hedging, and pledging), and whistleblower procedures; executive committee chaired by the independent chairman .
Fixed Compensation
| Component | USLM Director Policy | Lila R. Weirich – 2024 Actual |
|---|---|---|
| Annual cash retainer | $20,000 per year | $7,833 (pro‑rated from Nov 1 appointment) |
| Meeting fees | $1,500 per day (in‑person); $1,000 telephonic | Included in fees earned figure above |
| Committee chair fees | Audit chair $10,000; Compensation chair $5,000 | Not applicable (not a chair) |
| Equity election (annual) | Director may elect either 9,000 options (immediate vest) or 3,000 restricted shares (vest at 6 months) granted upon election/re‑election | Stock awards grant‑date fair value: $162,690 (no option awards reported) |
Performance Compensation
Directors do not have performance‑metric‑based pay; annual equity is time‑vested and granted upon election/re‑election.
| Award Type | Grant/Value | Vesting Terms | Notes |
|---|---|---|---|
| Restricted stock (annual director grant option) | 3,000 shares (policy) | Vest 6 months from grant | Weirich’s 2024 reported stock award fair value: $162,690; no options reported |
Other Directorships & Interlocks
| Company/Entity | Public/Private | Role | Potential Interlock/Conflict Notes |
|---|---|---|---|
| Robinson Family Management | Private | Director (since 2022) | Holding company for Austin White Lime and other Robinson family entities; no USLM related‑party transactions disclosed; audit committee pre‑approves any related‑party transactions |
| National Lime Association | Non‑profit/Industry | Director (until 2024) | Industry association; no direct commercial interlock disclosed |
Expertise & Qualifications
- 34+ years in the lime industry across sales, marketing, and logistics; prior leadership at Austin White Lime and AWLT .
- Industry association governance experience (National Lime Association director) .
- Current private company board governance (Robinson Family Management) .
Equity Ownership
| Metric | Amount |
|---|---|
| Beneficial ownership (shares) | 1,500 (includes restricted shares) |
| Percent of shares outstanding | Less than 1% |
| Unvested restricted shares | 1,500 (granted under USLM’s 2001 plan) |
| Options (exercisable/unexercisable) | None disclosed for Weirich |
| Pledged shares | Company insider trading policy prohibits pledging; no pledges disclosed |
| Hedging | Prohibited under insider trading policy |
Governance Assessment
- Board effectiveness: Weirich adds deep commercial and logistics expertise directly tied to USLM’s core operations, which should enhance oversight of sales strategy and supply chain/logistics risks on the nominating and governance agenda .
- Independence and engagement: Determined independent; member of an all‑independent nominating committee; 2024 board and committee attendance thresholds met; annual meeting attendance policy observed by all directors .
- Compensation alignment: Director pay is modest in cash with meaningful equity grants that vest quickly, enhancing ownership alignment; Weirich’s 2024 stock award fair value was $162,690 with pro‑rated cash fees, and no options reported .
- Conflicts and related parties: Potential industry adjacency via Robinson Family Management/Austin White Lime, but AWL sold its lime operations in March 2024 and no related‑party transactions involving Weirich are disclosed; audit committee policy requires pre‑approval and arm’s‑length terms for related‑party transactions .
- RED FLAGS: None disclosed regarding attendance shortfalls, hedging/pledging, related‑party transactions, or director‑specific pay anomalies; the company’s insider trading policy explicitly prohibits hedging and pledging, reducing alignment risk .