UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 7.01. | Regulation FD Disclosure. |
On November 20, 2024, the Company issued a press release announcing that its board of directors approved and declared a stock dividend of $0.1375 per share of Class A common stock, and a stock dividend of $0.2364 per share of Class B common stock, each payable in shares of the Company’s Class B common stock on December 16, 2024 to shareholders of record for each respective class of securities as of the close of Nasdaq on December 2, 2024. Each dividend will be paid in Class B common stock and the amount of shares to be issued per share for each respective class of stock 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 dividends. In lieu of the issuance of fractional shares, the Company will pay in cash on December 16, 2024 the fair value of the fractions of a share issuable, determined as of the close of Nasdaq on December 2, 2024 and based upon the closing transaction price per share of the Class B common stock reported by Nasdaq on that date. A copy of this 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 November 20, 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: November 20, 2024