Contango ORE Files 8-K: Officer/Director Changes & Compensation
Ticker: CTGO · Form: 8-K · Filed: 2024-09-17T00:00:00.000Z
Sentiment: neutral
Topics: management-change, compensation, governance
Related Tickers: CTGO
TL;DR
Contango ORE (CTGO) filed an 8-K detailing board/officer changes and compensation updates.
AI Summary
Contango ORE, Inc. filed an 8-K on September 17, 2024, reporting on several key events. These include the departure of directors or certain officers, the election of new directors, the appointment of certain officers, and updates to compensatory arrangements for its officers. The filing also covers Regulation FD disclosures and financial statements and exhibits.
Why It Matters
Changes in a company's board of directors and executive officers, along with updates to their compensation, can signal shifts in strategy or governance that may impact investors.
Risk Assessment
Risk Level: medium — Changes in leadership and compensation can indicate internal shifts that may affect future performance or strategy.
Key Players & Entities
- Contango ORE, Inc. (company) — Registrant
- September 16, 2024 (date) — Date of earliest event reported
- September 17, 2024 (date) — Date of report
FAQ
What specific officer or director positions were affected by the changes reported in the 8-K?
The filing indicates changes related to 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers,' but does not specify the exact individuals or roles in the provided excerpt.
Are there any details about the new compensatory arrangements for officers mentioned?
The filing lists 'Compensatory Arrangements of Certain Officers' as an item covered, but the specific details of these arrangements are not included in this excerpt.
What is the primary business of Contango ORE, Inc. according to the filing?
The filing lists Contango ORE, Inc.'s Standard Industrial Classification as 'GOLD & SILVER ORES [1040]'.
When was the 8-K form filed with the SEC?
The 8-K form was filed on September 17, 2024.
What is the principal executive office address for Contango ORE, Inc.?
The principal executive offices are located at 516 2nd Avenue Suite 401, Fairbanks, Alaska, 99701.
Filing Stats: 776 words · 3 min read · ~3 pages · Grade level 11.3 · Accepted 2024-09-17 07:00:08
Key Financial Figures
- $0.01 — ch registered Common Stock, Par Value $0.01 per share CTGO NYSE American LLC
- $500,000 — ll continue to receive a base salary of $500,000 per annum. Mr. Van Nieuwenhuyse will co
- $19.5 million — ess release announcing the receipt of a $19.5 million cash distribution from the Peak Gold JV
Filing Documents
- ctgo-20240916.htm (8-K) — 42KB
- ctgo-ex10_1.htm (EX-10.1) — 168KB
- ctgo-ex99_1.htm (EX-99.1) — 17KB
- img262433452_0.jpg (GRAPHIC) — 5KB
- 0000950170-24-107009.txt ( ) — 375KB
- ctgo-20240916.xsd (EX-101.SCH) — 24KB
- ctgo-20240916_htm.xml (XML) — 5KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On September 17, 2024, the Company issued a press release announcing the receipt of a $19.5 million cash distribution from the Peak Gold JV relating to production at the Manh Choh gold mine. The Company is a 30% owner of Peak Gold, LLC, which operates the Manh Choh mine near Tok, Alaska. A copy of the press release is attached as Exhibit 99.1 hereto and is incorporated herein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description of Exhibit 10.1 Employment Agreement, dated September 16, 2024. 99.1 Press Release of the Company, dated September 17, 2024. 104 Cover Page Interactive Data File (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. CONTANGO ORE, INC. Date: September 17, 2024 By: /s/ Mike Clark Chief Financial Officer and Secretary