NOVAGOLD RESOURCES INC. Appoints New CFO

Ticker: NG · Form: 8-K · Filed: May 21, 2024 · CIK: 1173420

Sentiment: neutral

Topics: executive-appointment, cfo-change

TL;DR

NOVAGOLD just hired a new CFO, Melanie Smith, replacing David A. Smith.

AI Summary

On May 16, 2024, NOVAGOLD RESOURCES INC. announced the appointment of Ms. Melanie Smith as its new Chief Financial Officer, effective immediately. Ms. Smith previously served as the company's Vice President of Finance and Corporate Controller. This change follows the departure of Mr. David A. Smith, who resigned from his role as CFO.

Why It Matters

The appointment of a new CFO can signal a shift in financial strategy or management focus, potentially impacting investor confidence and the company's financial reporting.

Risk Assessment

Risk Level: low — This filing primarily concerns a routine executive appointment and does not involve significant financial transactions or strategic shifts that would inherently increase risk.

Key Players & Entities

FAQ

Who has been appointed as the new Chief Financial Officer of NOVAGOLD RESOURCES INC.?

Ms. Melanie Smith has been appointed as the new Chief Financial Officer of NOVAGOLD RESOURCES INC.

When was the appointment of the new CFO effective?

The appointment of Ms. Melanie Smith as CFO was effective immediately as of May 16, 2024.

What was Ms. Melanie Smith's previous role at NOVAGOLD RESOURCES INC.?

Prior to her appointment as CFO, Ms. Melanie Smith served as the company's Vice President of Finance and Corporate Controller.

Who did Ms. Melanie Smith replace as CFO?

Ms. Melanie Smith replaced Mr. David A. Smith, who resigned from his role as CFO.

What is the exact date of the earliest event reported in this 8-K filing?

The date of the earliest event reported in this 8-K filing is May 16, 2024.

Filing Stats: 840 words · 3 min read · ~3 pages · Grade level 12.7 · Accepted 2024-05-21 17:05:20

Filing Documents

02 Departure of Directors or Certain Officers; Election of Directors;

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On May 16, 2024, NOVAGOLD RESOURCES INC. (the "Company") held its 2024 Annual Meeting of Shareholders (the "Annual Meeting") in a virtual format.

07 Submission of Matters to a Vote of Security Holders

Item 5.07 Submission of Matters to a Vote of Security Holders On May 16, 2024, the Company held its Annual Meeting in a virtual format. At the Annual Meeting, the Company's shareholders approved each of the following proposals set forth in the Company's Definitive Proxy Statement on Schedule 14A, which was filed with the Securities and Exchange Commission on March 22, 2024: Proposal 1 : The Company's shareholders approved setting the number of Directors at ten. Votes For Votes Against Abstain Broker Non-Votes 268,087,918 2,039,712 304,577 0 Proposal 2: The Company's shareholders elected the following directors to hold office until the next annual meeting of shareholders or until a successor is elected or appointed: Name Votes For Withheld Broker Non-Votes Dr. Elaine Dorward-King 241,696,758 8,411,746 20,323,703 Dr. Diane Garrett 249,250,261 858,243 20,323,703 Dr. Thomas Kaplan 247,649,242 2,459,262 20,323,703 Hume Kyle 248,974,183 1,134,321 20,323,703 Gregory Lang 247,987,716 2,120,788 20,323,703 Kalidas Madhavpeddi 243,708,368 6,400,136 20,323,703 Kevin McArthur 246,924,498 3,184,006 20,323,703 Daniel Muiz Quintanilla 240,103,927 10,004,577 20,323,703 Ethan Schutt 248,463,674 1,644,830 20,323,703 Dawn Whittaker 248,687,828 1,420,676 20,323,703 Proposal 3 : The Company's shareholders appointed of PricewaterhouseCoopers LLP as auditors of the Company until the next annual meeting of the shareholders of the Company or until a successor is appointed and authorized the Company's Audit Committee of the Board of Directors to fix their remuneration: Votes For Withheld Broker Non-Votes 266,107,741 4,324,466 0 Proposal 4 : The Company's shareholders approved a non-binding resolution approving the compensation of the Company's "Named Executive Officers": Votes For Votes Against Abstain Broker Non-Votes 209,392,810 39,591,494 1,124,200 20,323,703

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure On May 21, 2024, the Company issued a press release announcing the election of directors and voting results from the Annual Meeting. The press release is attached hereto as Exhibit 99.1. The information contained in the press release attached hereto is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 99.1 Press release dated May 21, 2024 issued by NOVAGOLD RESOURCES INC. relating to voting results from its Annual Meeting. 104 Cover Page Interactive Data File – The cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.

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. Dated: May 21, 2024 NOVAGOLD RESOURCES INC. By: /s/ David A. Ottewell David A. Ottewell Vice President and Chief Financial Officer

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