General Moly, Inc filed SEC Form 8-K: Departure Of Directors Or Certain Officers; Appointment Of Certain Officers; Compensatory Arrangements Of Certain Officers, Regulation Fd Disclosure
$GMO
Precious Metals
Basic Industries
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of
1934
Date of
Earliest Event Reported: March 30,
2021
General Moly, Inc.
(Exact name of registrant as specified in its charter)
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Delaware
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001-32986
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91-0232000
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(State or other jurisdictionof incorporation)
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(Commissionfile number)
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(IRS employeridentification no.)
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1726 Cole Blvd., Suite 115
Lakewood, CO 80401
(Address of principal executive offices, including zip
code)
(303) 928-8599
(Registrant’s telephone number, including area
code)
Check
the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2
below):
☐
Written
communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
☐
Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
☐
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 210.14d-2(b))
☐
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c)
Securities
registered pursuant to Section 12(b) of the Act:
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Title
of each class
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Trading
Symbol(s)
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Name of
each exchange on which registered
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Common Stock, par value $0.001 per share
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GMO
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N/A
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Indicate
by check mark whether the registrant is an emerging growth company
as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of
1934 (§240.12b-2 of this chapter)
Emerging growth
company ☐
If an
emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act. ☐
Item
5.02
Departure
of Directors or Certain Officers; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
On March 31, 2021, the two remaining directors
of General Moly, Inc. (the “Company”),
Ricardo M. Campoy and Gregory P.
Raih, resigned from their positions as directors of the
Company, effective as of the close of business on March 31,
2021.
Additionally, Scott
Roswell, Chief Legal Officer of the Company, has resigned as an
officer of the Company, also effective as of the close of business
on March 31, 2021. On an interim basis, Mr. Roswell will assist the
Company’s Chief Restructuring Officer, Tom Kim of r2 Advisors
LLC, during the reorganizational transition.
Item
7.01
Regulation
FD Disclosure.
On March 31, 2021, the Company issued a press
release announcing that, on March 30, 2021, the United
States Bankruptcy Court for the District of Colorado has confirmed
the Company’s Chapter 11 plan of reorganization submitted in
connection with the Company’s chapter 11 case, captioned
“In re: General Moly,
Inc.” and was assigned case number 20-17493-EEB (the
“Chapter 11 Case”). Under
the plan of reorganization, the Company's assets will be
transferred to a new venture and the existing equity interests in
the Company will be cancelled. A copy of the press release is
attached hereto as Exhibit 99.1 and is incorporated by reference
herein.
The Company cautions that trading in the
Company’s securities (including, without limitation, its
common stock) during the pendency of the Chapter 11 Case
is highly speculative and poses
substantial risks. Trading prices for the Company’s
securities may bear little or no relationship to the actual
recovery, if any, by holders of the Company’s securities in
the Chapter 11 Case.
Court
filings and other documents related to the court-supervised process
are available at https://cases.stretto.com/generalmoly, or by
calling the Company’s claims agent, Stretto, at
(855) 435-7795 (toll-free) or (949) 358-6802 (international)
or by sending an email to [email protected].
The
information furnished in this Item 7.01 of this Current Report on
Form 8-K and the press release attached hereto as Exhibit 99.1
shall not be deemed “filed” for the purposes of Section
18 of the Securities Exchange Act of 1934, as amended, or otherwise
subject to the liabilities of such section, and shall not be deemed
to be incorporated by reference into the filings of the Company
under the Securities Act of 1933, as amended, or the Securities
Exchange Act of 1934, as amended.
Item
9.01
Financial
Statements and Exhibits
(d) Exhibits
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Exhibit No.
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Description
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Press
Release of General Moly, Inc. dated March 31, 2021.
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SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the Company
has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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GENERAL MOLY,
INC.
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Dated: March 31,
2021
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By:
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/s/
Thomas
M. Kim
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Thomas
M. Kim
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Interim
Chief Executive Officer
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