Categories: Current Reports

StoneMor Restructuring: 45 Layoffs, VP Ken Lee Terminated

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective February 1, 2019, as part of a restructuring that included a reduction of approximately 45 positions, StoneMor GP LLC (“StoneMor GP”), the general partner of StoneMor Partners L.P., terminated the employment of Ken Lee, its National Vice President of Operations. In connection with his termination, StoneMor GP and Mr. Lee entered into a Confidential Separation Agreement and General Release (the “Agreement”) pursuant to which, in consideration for a customary release, he was entitled to continue receiving his base salary for a period of twelve months and certain career outplacement services. The foregoing summary of the Agreement is not intended to be complete and is qualified in its entirety by reference to the Agreement attached hereto as Exhibit 10.1 and incorporated by reference herein.

More information available from the 2019 8-K SEC Filing

Luke Rehmann

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