Brief: Smart Sand Reduces Its Total Capital Expenditure Budget By Up To $20 Mln

Smart Sand

07/04/2020 11:17

April 7 (Reuters) - Smart Sand Inc  SND.O :
    * SMART SAND, INC. ANNOUNCES UPDATES ON MANAGING MARKET
VOLATILITY
    * SMART SAND INC - SMART SAND HAS REDUCED ITS TOTAL CAPITAL
EXPENDITURE BUDGET BY UP TO $20 MILLION
    * SMART SAND INC - COMPANY NOW ESTIMATES THAT FULL YEAR 2020
CAPITAL EXPENDITURES WILL BE APPROXIMATELY $5 MILLION TO $10
MILLION
    * SMART SAND - SALARY REDUCTIONS OF EXECUTIVE MANAGEMENT
TEAM
BETWEEN 15% & 20% AND SUSPENSION OF ITS VARIABLE CASH
COMPENSATION PROGRAMS FOR EMPLOYEES

Source text for Eikon:  ID:nGNX1X6t28 
Further company coverage:  SND.O 

 (Reuters.Briefs@thomsonreuters.com)