United States Lime & Minerals Inc 2024年度报告

SECURITIES REGISTERED PURSUANT TO SECTION12(g) OF THE ACT:None Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule405 of the Securities Indicate by check mark if the Registrant is not required to file reports pursuant to Section13 or Section15(d)of the ExchangeAct.Yes☐No☒ Indicate by check mark whether the Registrant (1)has filed all reports required to be filed by Section13 or 15(d) of theExchange Act during the preceding 12months (or for such shorter period that the Registrant was required to file such reports) and (2)hasbeen subject to such filing requirements for the past 90days.Yes☒No☐ Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule405 of RegulationS-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that theregistrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act. Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.☐Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive- based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D- Indicate by check mark whether the Registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐The aggregate market value of Common Stock held by non-affiliates computed as of the last business day of the Registrant’s quarter ended June30, 2024: $773,374,833.Number of shares of Common Stock outstanding as of February 25, 2025:28,620,799. DOCUMENTS INCORPORATED BY REFERENCE PartIII incorporates information by reference from the Registrant’s definitive Proxy Statement to be filed for its 2025 AnnualMeeting of Shareholders. PartIV incorporates certain exhibits by reference from the Registrant’s previous filings. TABLEOFCONTENTS PartIITEM 1.BUSINESS1ITEM 1A.RISK FACTORS17ITEM 1B.UNRESOLVED STAFF COMMENTS21ITEM 1C.CYBERSECURITY21ITEM 2.PROPERTIES22ITEM 3.LEGAL PROCEEDINGS22ITEM 4.MINE SAFETY DISCLOSURES22PartIIITEM 5.MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDERMATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES23ITEM 6.[RESERVED]24ITEM 7.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION ANDRESULTS OF OPERATIONS25ITEM 7A.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK32ITEM 8.FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA33ITEM 9.CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTINGAND FINANCIAL DISCLOSURE54ITEM 9A.CONTROLS AND PROCEDURES54ITEM 9B.OTHER INFORMATION54ITEM 9C.DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENTINSPECTIONS54PartIIIITEM 10.DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE55ITEM 11.EXECUTIVE COMPENSATION55ITEM 12.SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS ANDMANAGEMENT AND RELATED STOCKHOLDER MATTERS55ITEM 13.CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTORINDEPENDENCE55ITEM 14.PRINCIPAL ACCOUNTANT FEES AND SERVICES55PartIVITEM 15.EXHIBITS AND FINANCIAL STATEMENT SCHEDULES56ITEM 16.FORM 10-K SUMMARY58SIGNATURES59 PART I ITEM 1. BUSINESS. General. United States Lime& Minerals,Inc. (the “Company,” the “Registrant,” “We” or “Our”), which wasincorporated in 1950, conducts its business primarily through its lime and limestone operations. The Companyalso has natural gas interests with respect to oil and gas rights in Johnson County, Texas. In 2024, theCompany determined that the activities of its natural gas interests did not meet the definition of an operatingsegment and has updated the disclosures in this Form 10-K accordingly. Disclosures for the years endedDecember 31, 2023 and 2022 have been recast to be consistent with the current year presentation. See Note 9of the Notes to Consolidated Financial Statements in Item 8 of this Report on Form 10-K. The Company’s principal corporate office is located at 5429 LBJ Freeway, Suite230, Dallas,Texas75240. The Company’s telephone number is (972)991-8400 and its internet address is www.uslm.com.The Company’s annual reports on F