UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a) of

the Securities Exchange Act of 1934 (Amendment No. )

Filed by the Registrant ☒

Filed by a Party other than the Registrant ☐

Check the appropriate box:

☐	Preliminary Proxy Statement

☐	Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

☒	Definitive Proxy Statement

☐	Definitive Additional Materials

☐	Soliciting Material Pursuant to §240.14a-12


	Intrepid Potash, Inc.
	(Name of Registrant as Specified in its Charter)

	(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):


	☒			No fee required.
	☐			Fee paid previously with preliminary materials.
	☐			Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a6(i)(1) and 0-11.

Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

TABLE OF CONTENTS

Intrepid Potash, Inc.

707 17^th Street, Suite 4200

Denver, Colorado 80202

April 17, 2026

Dear Stockholder:

We cordially invite you to attend the 2026 Annual Meeting of Stockholders of Intrepid Potash, Inc. (the “Annual Meeting”). The Annual Meeting will be held on Thursday, May 28, 2026, at 10:00 a.m. Mountain Time. The Annual Meeting will be held entirely online live via audio webcast. You will be able to attend and participate in the Annual Meeting online by visiting www.virtualshareholdermeeting.com/IPI2026, where you will be able to listen to the Annual Meeting live, submit questions, and vote.

You will find important information about the matters to be voted on at the Annual Meeting in the accompanying Notice of Annual Meeting of Stockholders and Proxy Statement. We are sending most of our stockholders a one-page Notice of Internet Availability of Proxy Materials (the “Notice”) instead of sending them a full set of printed materials. The Notice tells you how to access and review the important information contained in the proxy materials on the internet and how to request to receive a printed copy of our proxy materials. The Notice also tells you how to vote on the internet or by phone prior to the Annual Meeting.

Your vote is important. We hope you will attend the Annual Meeting. We encourage you to review the proxy materials and vote as soon as possible. You may submit your vote three ways: first, as indicated above, you may vote on the internet or by phone prior to the meeting; second, vote by mail, if you timely request to receive printed copies of these proxy materials in the mail; finally, you are able to vote your shares electronically during the Annual Meeting. Details about how to attend the Annual Meeting online and how to submit questions and cast your votes are posted at www.virtualshareholdermeeting.com/IPI2026 and can be found in the section entitled “Questions and Answers about the Annual Meeting and Voting—How can I attend and vote at the Annual Meeting?” in the proxy statement.

Very truly yours,

Kevin S. Crutchfield

Chief Executive Officer

Barth E. Whitham

Chair of the Board of Directors

TABLE OF CONTENTS

Intrepid Potash, Inc.

707 17^th Street, Suite 4200

Denver, Colorado 80202

NOTICE OF ANNUAL MEETING OF STOCKHOLDERS

Time and Date

May 28, 2026

at 10:00 a.m.

Mountain Time

Place

Virtual meeting conducted

exclusively via live webcast at www.virtualshare

holdermeeting.com/IPI2026

Record Date

Only holders of record of our common stock on April 7, 2026, are entitled to receive notice of and to vote at the Annual Meeting and any postponement or adjournment of the Annual Meeting.

Items of Business

	1.			To elect two Class III directors nominated by our Board of Directors to serve three-year terms expiring at our 2029 Annual Meeting of Stockholders;
	2.			To ratify the appointment of KPMG LLP as our independent registered public accounting firm for 2026;
	3.			To approve, on an advisory basis, the compensation of our named executive officers; and
	4.			To transact any other business that properly comes before the Annual Meeting and any adjournment or postponement of the Annual Meeting.

Voting

Your vote is important. We encourage you to read the accompanying proxy materials and submit your vote as soon as possible. You can find information about how to cast your vote in the question-and-answer section of the accompanying proxy statement.

Pursuant to rules adopted by the U.S. Securities and Exchange Commission (the “SEC”), we have elected to provide access to our proxy materials via the internet. Accordingly, we are sending a Notice of Internet Availability of Proxy Materials (the “Notice”) to our stockholders entitled to notice of, and to vote at, the Annual Meeting and at any postponement or adjournment thereof. Stockholders will have the ability to access the proxy materials at www.virtualshareholdermeeting.com/IPI2026 or request to receive a printed set of the proxy materials by mail or an electronic set of materials by email. Instructions on how to access the proxy materials over the internet or to request a printed copy may be found in the Notice. In addition, stockholders may receive proxy materials in printed form by mail or electronically by email on an ongoing basis.

Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting of Stockholders to be held on May 28, 2026:

This Notice, our proxy statement, and our 2025 annual report are available at www.proxyvote.com.

By Order of the Board of Directors,

Kevin S. Crutchfield

Chief Executive Officer

Denver, Colorado

April 17, 2026

TABLE OF CONTENTS


Questions and Answers about the Annual Meeting and Voting			1
Proposal 1 – Election of Directors			5
Proposal 2 – Ratification of the Appointment of KPMG LLP as our Independent Registered Public Accounting Firm			13
Audit Committee Report			15
Proposal 3 – Advisory Vote to Approve Executive Compensation			16
Corporate Governance			17
Compensation Discussion and Analysis			23
Compensation Committee Report			35
Executive Officers			22
Executive Compensation			36
CEO Pay Ratio			46
Pay Versus Performance			47
Director Compensation			51
Security Ownership of Certain Beneficial Owners and Management			53
Equity Compensation Plan Information			54
Certain Relationships and Related-Person Transactions			55
Householding			56
Stockholder Proposals			56
Annual Report on Form 10-K and Other SEC Filings			56
Other Matters			57

TABLE OF CONTENTS