Coronado Global Resources Inc. Reports Board and Executive Changes
Ticker: CODQL · Form: 8-K · Filed: Feb 5, 2025 · CIK: 1770561
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
TL;DR
Coronado Global Resources Inc. filed an 8-K detailing board and executive compensation changes.
AI Summary
Coronado Global Resources Inc. announced on February 3, 2025, a change in its board of directors and executive compensation arrangements. The filing details the departure and election of directors, as well as the appointment of certain officers. Specific details regarding the compensatory arrangements for these officers are also outlined in the report.
Why It Matters
Changes in a company's board and executive compensation can signal shifts in strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in directorship and executive compensation can indicate internal shifts that may affect company strategy and stability.
Key Players & Entities
- Coronado Global Resources Inc. (company) — Registrant
- February 3, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- Brisbane, Queensland, Australia (location) — Principal executive offices
FAQ
What specific changes were made to the board of directors?
The filing indicates the departure and election of directors, but the specific names and details of these changes are not provided in this summary section of the 8-K.
What are the key details of the compensatory arrangements for the newly appointed officers?
The filing states that compensatory arrangements of certain officers are being reported, but the specific details of these arrangements are not elaborated upon in the provided text.
When was the earliest event reported in this Form 8-K?
The earliest event reported was on February 3, 2025.
Where are Coronado Global Resources Inc.'s principal executive offices located?
The principal executive offices are located at Level 33, Central Plaza One, 345 Queen Street, Brisbane, Queensland, Australia, 4000.
What is the SIC code for Coronado Global Resources Inc.?
The Standard Industrial Classification (SIC) code for Coronado Global Resources Inc. is 1220, which corresponds to BITUMINOUS COAL & LIGNITE MINING.
Filing Stats: 1,007 words · 4 min read · ~3 pages · Grade level 11.8 · Accepted 2025-02-05 16:05:56
Key Financial Figures
- $780,000 — total employment cost ("TEC") will be AU$780,000 per annum, which includes Australian st
- $50,000 — ill also receive a sign-on payment of AU$50,000, 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
- tm255452d1_8k.htm (8-K) — 29KB
- 0001104659-25-009654.txt ( ) — 195KB
- none-20250203.xsd (EX-101.SCH) — 3KB
- none-20250203_lab.xml (EX-101.LAB) — 33KB
- none-20250203_pre.xml (EX-101.PRE) — 22KB
- tm255452d1_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. Appointment of New Chief Operating Officer On February 3, 2025 (February 4, 2025 in Australia), the Board of Directors (the "Board") of Coronado Global Resources Inc. (the "Company") appointed Craig Manz as the Chief Operating Officer of the Company, effective as of March 17, 2025 (the "Effective Date"). Mr. Manz, age 54, has served as Vice President, Operations of Compass Minerals International, Inc., a minerals production company, since January 2022. He previously served as Executive Head, Underground Operations at Anglo American plc, a multinational mining company, in Brisbane, Queensland, from December 2020 to January 2022 and as Project Director from July 2020 to December 2020. In addition, he served as General Manager at the Appin Mine at South32, a mining and metals company, from July 2018 to July 2020 and General Manager and Site Senior Executive at Anglo American plc from July 2014 to June 2018. Prior to that, he served in various management roles at Discovery Metals Botswana, Vale Coal Australia, BHP Billiton Mitsubishi Alliance, Anglo American plc and BHP Billiton Illawarra Coal. Mr. Manz holds a graduate diploma in maintenance management and a Master of Business Administration from Central Queensland University. 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. Manz. The terms of Mr. Manz's appointment shall be governed by a contract of employment agreement, dated as of February 3, 2025, between Curragh Queensland Mining Pty Ltd ("Curragh") and Mr. Manz (the "Employment Agreement"). Pursuant to the Employment Agreement, Mr. Manz's annual total employment cost ("TEC") will be AU$780,000 per annum, which includes Australian statutory defined contribution superannuation contributions made on Mr.
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: February 5, 2025