Royal Gold Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
$RGLD
Precious Metals
Industrials
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 Report (Date of earliest event reported): April 16, 2025
(Exact name of registrant as specified in its charter)
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Registrant’s telephone number, including area code: (303 ) 573-1660
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Securities registered pursuant to Section 12(b) of the Act:
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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).
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On April 16, 2025, RGLD Gold AG (the “Company”), a wholly owned subsidiary of Royal Gold, Inc., entered into an amended and restated employment contract with Daniel Breeze, the Company’s Senior Vice President, Corporate Development. The amended and restated employment contract amends and restates the prior employment contract, dated effective January 1, 2019, between the Company and Mr. Breeze.
The amended and restated employment contract provides for the following:
•an annual base salary of CHF 458,000, which amount is subject to future increase in the discretion of the Company acting in concert with the Compensation, Nominating, and Governance Committee (the “CNG Committee”) of Royal Gold, Inc.’s Board of Directors;
•eligibility for Mr. Breeze to participate in annual incentive bonus and equity award programs, on such terms and subject to such conditions as determined by the Company and the CNG Committee; and
•severance if the Company terminates Mr. Breeze’s employment relationship without Mr. Breeze having given the Company good cause to do so, or if Mr. Breeze terminates the employment relationship for good cause attributable to the Company (in each case, within the meaning of applicable Swiss law), consisting of a lump sum payment equal to one times Mr. Breeze’s base salary and annual bonus, plus a prorated bonus, or in the event such a termination occurs in the 24 months following a “change in control” (as such term is defined in the amended and restated employment contract), a lump sum payment equal to 1.5 times Mr. Breeze’s base salary and annual bonus, plus a prorated bonus.
The amended and restated employment contract prohibits Mr. Breeze from competing with Royal Gold, Inc. and its subsidiaries or soliciting their employees, vendors, or business counterparties for 12 months following termination of the employment relationship, in addition to other customary restrictive covenants.
The foregoing description of the amended and restated employment contract does not purport to be complete and is qualified in its entirety by reference to the full text of the amended and restated employment contract, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit No. | Description | |||||||
| 10.1 | ||||||||
| 104 | Cover Page Interactive Data File (formatted as inline XBRL) | |||||||
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.
| Royal Gold, Inc. | |||||||||||
| Date: April 18, 2025 | By: | /s/ David R. Crandall | |||||||||
| Name: | David R. Crandall | ||||||||||
| Title: | Vice President, Corporate Secretary and Chief Compliance Officer | ||||||||||