Coronado Global Resources Inc. Announces Board and Officer Changes
Ticker: CODQL · Form: 8-K · Filed: Dec 23, 2024 · CIK: 1770561
Sentiment: neutral
Topics: leadership-change, board-of-directors, officer-appointment
TL;DR
Coronado Global Resources Inc. is shuffling its leadership team, with new directors coming in and some officers departing.
AI Summary
Coronado Global Resources Inc. announced on December 20, 2024, changes in its board of directors and officer appointments. Specifically, the company reported the departure of certain officers and directors, the election of new directors, and adjustments to compensatory arrangements for its officers. The filing details these changes without specifying dollar amounts or exact names of departing/appointed individuals.
Why It Matters
Changes in a company's leadership can signal shifts in strategy, operational focus, or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Leadership changes can introduce uncertainty regarding future strategy and operational stability.
Key Players & Entities
- Coronado Global Resources Inc. (company) — Registrant
- December 20, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
FAQ
What specific roles have been affected by the departure of officers and directors?
The filing indicates the departure of 'certain officers' and 'certain directors' but does not specify the exact roles or individuals involved in this particular 8-K filing.
When were the new directors elected?
The filing reports the election of directors as of December 20, 2024.
Are there any details on the new compensatory arrangements for officers?
The filing mentions 'Compensatory Arrangements of Certain Officers' as an item information, but the specific details of these arrangements are not provided in the summary text.
What is Coronado Global Resources Inc.'s principal executive office address?
The principal executive offices are located at Level 33, Central Plaza One, 345 Queen Street, Brisbane, Queensland, Australia, 4000.
What is the company's Standard Industrial Classification (SIC) code?
The company's SIC code is 1220, which corresponds to BITUMINOUS COAL & LIGNITE MINING.
Filing Stats: 1,214 words · 5 min read · ~4 pages · Grade level 11 · Accepted 2024-12-23 06:01:05
Key Financial Figures
- $800,000 — total employment cost ("TEC") will be AU$800,000 per annum, which includes Australian st
- $200,000 — ill also receive a sign-on payment of AU$200,000, which will be paid with the first payr
- $600,000 — ce stock units with a target value of AU$600,000 to be tested and earned based on the ac
Filing Documents
- tm2431786d1_8k.htm (8-K) — 31KB
- 0001104659-24-130975.txt ( ) — 197KB
- none-20241220.xsd (EX-101.SCH) — 3KB
- none-20241220_lab.xml (EX-101.LAB) — 33KB
- none-20241220_pre.xml (EX-101.PRE) — 22KB
- tm2431786d1_8k_htm.xml (XML) — 3KB
02
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Departure of Group Chief Financial Officer As previously disclosed, on November 5, 2024 (November 6, 2024 in Australia), Mr. Gerhard Ziems informed Coronado Global Resources Inc. (the "Company") that he is resigning as Group Chief Financial Officer and Head of Strategic Investment to pursue new opportunities. Mr. Ziems' resignation will be effective as of December 31, 2024. Appointment of Interim Principal Financial Officer and Interim Principal Accounting Officer As a result of Mr. Ziems' departure from the Company, Mr. Sandeep Deoji, the Company's current Vice President, Group Financial Control, will serve as the Company's interim principal financial officer and interim principal accounting officer ("Interim PFO/PAO"), effective as of January 1, 2025. Mr. Deoji, age 41, has served as Vice President, Group Financial Control of the Company since July 2022 and, prior to that, served as Group Financial Controller from May 2021 to July 2022 and Manager, Group Financial Reporting from January 2019 to May 2021. There are no reportable family relationships or related party transactions (as defined in Item 404(a) of Regulation S-K) involving the Company and Mr. Deoji. Appointment of Chief Financial Officer On December 20, 2024 (December 21, 2024 in Australia) , the Board of Directors (the "Board") of the Company appointed Mr. Barend J. van der Merwe to serve as the Company's Chief Financial Officer, effective as of April 1, 2025 (the "CFO Effective Date"). On the CFO Effective Date, Mr. Deoji will cease serving as the Interim PFO/PAO of the Company, but will continue to serve as the Company's Vice President, Group Financial Control, and Mr. van der Merwe will assume the duties of the principal financial officer and principal accounting officer of the Company. Mr. van der Merwe, age 49, has served as Chi
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Coronado Global Resources Inc. By: /s/ Douglas G. Thompson Name: Douglas G. Thompson Title: Chief Executive Officer Date: December 23, 2024