New Concept Energy Inc. Announces Board and Officer Changes
Ticker: GBR · Form: 8-K · Filed: 2024-10-17T00:00:00.000Z
Sentiment: neutral
Topics: management-change, board-of-directors, executive-appointments
TL;DR
Board shakeup at New Concept Energy - new directors in, some execs out. Details to follow.
AI Summary
New Concept Energy, Inc. announced on October 16, 2024, changes in its board and officer appointments. The filing details the departure of certain directors and officers, the election of new directors, and updates regarding compensatory arrangements for its officers. Specific names and financial details related to these changes were not provided in this initial filing.
Why It Matters
Changes in a company's board and executive team can signal shifts in strategy, operational focus, or governance, potentially impacting future performance and investor confidence.
Risk Assessment
Risk Level: medium — Board and executive changes can introduce uncertainty regarding future strategy and leadership stability.
Key Players & Entities
- New Concept Energy, Inc. (company) — Registrant
- October 16, 2024 (date) — Date of earliest event reported
- Nevada (jurisdiction) — State of incorporation
FAQ
What specific roles have been affected by the departure of directors or officers?
The filing indicates the departure of certain directors or officers but does not specify the exact roles affected in this initial report.
Who are the newly elected directors?
The filing states that directors have been elected but does not name the individuals in this report.
Are there any changes to the company's executive compensation structure?
The filing mentions compensatory arrangements of certain officers, suggesting potential updates or changes, but specific details are not provided.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this filing occurred on October 16, 2024.
What is the primary business of New Concept Energy, Inc.?
New Concept Energy, Inc. is in the Crude Petroleum & Natural Gas industry, with SIC code 1311.
Filing Stats: 480 words · 2 min read · ~2 pages · Grade level 10.7 · Accepted 2024-10-17 17:28:13
Key Financial Figures
- $0.01 — ch Registered Common Stock, par value $0.01 GBR NYSE American Indicate by chec
Filing Documents
- p10172428k.htm (8-K) — 26KB
- 0001214659-24-017654.txt ( ) — 195KB
- gbr-20241016.xsd (EX-101.SCH) — 3KB
- gbr-20241016_lab.xml (EX-101.LAB) — 33KB
- gbr-20241016_pre.xml (EX-101.PRE) — 22KB
- p10172428k_htm.xml (XML) — 4KB
02. Departure of Directors
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (d) On October 7, 2024, the remaining members of the Board of Directors of the Company selected Robert C. Canham II, age 75, as a director effective October 16, 2024, to fill a vacancy on the Board of Directors created by the August 15, 2024 resignation of Raymond D. Roberts, Sr. Mr. Canham who is based in Greensboro, North Carolina is, and has been for more than the past twenty years, the President and part owner of Sunchase American, LTD., a Regional Apartment Management Company with properties under management primarily concentrated in the Southeastern U.S., including Arkansas, Florida, Texas and surrounding states and areas.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned, hereunto duly authorized. Dated: October 17, 2024 NEW CONCEPT ENERGY, INC. By: /s/Gene S. Bertcher Gene S. Bertcher, President and Chief Executive and Financial Officer