Industrial minerals and logistics co. cuts jobs, execs’ pay

Katy-based U.S. Silica Holdings Inc. (NYSE: SLCA) laid off more than 100 workers over the past two months and is temporarily reducing top executives’ pay in response the downturn in the energy industry.

The base salaries of CEO Bryan Shinn, members of the board of directors and company officers are being cut by up to 20%, according to an April 24 press release. The cuts are voluntary and temporary.

In 2019, Shinn received a 10% increase to his salary, bringing it to $825,000 annually, according…


more energy news

Send Us A Message