Ramaco Resources Inc. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits
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| Item 7.01. | Regulation FD Disclosure. |
On December 5, 2024, the Company issued a press release (the “Press Release”) announcing that its board of directors approved and declared a stock dividend of $0.1375 per share of Class A common stock payable in shares of the Company’s Class B common stock on March 14, 2025 to shareholders of record as of the close of Nasdaq on February 28, 2025. The dividend will be paid in Class B common stock and the amount of shares to be issued per share owned will be determined by dividing the dividend amount by the closing transaction price of the Class B common stock at the close of the market on the record date.
No fractional shares will be issued in connection with the stock dividend. In lieu of the issuance of fractional shares, the Company will pay in cash on March 14, 2025 the fair value of the fractions of a share issuable, determined as of the close of Nasdaq on February 28, 2025 and based upon the closing transaction price per share of the Class B common stock reported by Nasdaq on that date.
The Press Release also announced the dividend ratios of its previously declared dividends for the fourth quarter of fiscal year 2024 relating to both the Class A and Class B common shares to shareholders of record on December 2, 2024. In addition, the Press Release also provided initial production and sales guidance for the 2025 calendar year. A copy of the Press Release is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
None of the information furnished in this Item 7.01 will be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be incorporated by reference into any registration statement or other document 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.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit No. |
Description | |
| 99.1 | Press Release issued by Ramaco Resources, Inc. dated December 5, 2024 | |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) |
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.
| Ramaco Resources, Inc. | ||
| By: | /s/ Randall W. Atkins | |
| Name: Randall W. Atkins | ||
| Title: Chairman and Chief Executive Officer | ||
Date: December 5, 2024