UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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the Securities Exchange Act of 1934
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Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 8, 2022, Royal Gold, Inc. (the “Company”) entered into amendments to employment agreements (“Amendments”) to amend the following employment agreements with its named executive officers:
| 1. | Employment Agreement, dated effective January 2, 2020, between the Company and William Heissenbuttel, President and Chief Executive Officer of the Company; |
| 2. | Employment Agreement, dated effective January 2, 2020, between the Company and Paul Libner, Chief Financial Officer and Treasurer of the Company; |
| 3. | Employment Agreement, dated effective January 2, 2020, between the Company and Randy Shefman, Vice President and General Counsel of the Company; |
| 4. | Employment Agreement, dated January 2, 2020, between Royal Gold Corporation, a corporation organized under the laws of Canada and a wholly owned subsidiary of Royal Gold, and Mark Isto, Executive Vice President and Chief Operating Officer of Royal Gold Corporation; and |
| 5. | Employment Contract, dated January 1, 2019, between RGLD Gold AG, a corporation organized under the laws of Switzerland and a wholly owned subsidiary of Royal Gold, and Daniel Breeze, Vice President Corporate Development of RGLD Gold AG, as amended by the Addendum to the Employment Contract, dated March 4, 2021, between RGLD Gold AG and Mr. Breeze. |
The Amendment clarifies that the annual incentive award received by each executive for the six-month transition period from July 1, 2021, to December 31, 2021, shall be annualized and considered to be a bonus for a “full fiscal year” for all purposes of the executive’s employment agreement.
The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the complete text of the Amendment, a form of which is filed as Exhibit 10.1 to this Current Report on Form 8- K and incorporated by reference into this Item 5.02.
Item 9.01Financial Statements and Exhibits
(d) Exhibits
Exhibit |
| Description |
10.1 | Form of Amendment to Employment Agreement or Employment Contract, as applicable. | |
104 | Cover Page Interactive Data File (formatted as inline XBRL). |
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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. | |||
Dated: April 11, 2022 | By: | /s/ Laura B. Gill | |
Name: | Laura B. Gill | ||
Title: | Vice President, Corporate Secretary and Chief Compliance Officer | ||
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