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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): July 01, 2022

 

 

Paramount Gold Nevada Corp.

(Exact name of Registrant as Specified in Its Charter)

 

 

Nevada

001-36908

98-0138393

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

 

 

 

 

665 Anderson Street

 

Winnemucca, Nevada

 

89445

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: 775 625-3600

 

 

(Former Name or Former Address, if Changed Since Last Report)

 

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:

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 240.14d-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:


Title of each class

 

Trading
Symbol(s)

 


Name of each exchange on which registered

Common Stock, $0.01 Par Value Per Share

 

PZG

 

NYSE American LLC

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; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On July 1, 2022, the Board of Directors (the "Board") of Paramount Gold Nevada Corp. (the "Company") increased the size of the Board from seven to eight members and appointed Samantha Espley as a director to the Board. It has not yet been determined to which committees of the Board Ms. Espley will be appointed.

 

As a non-employee director of the Company, Ms. Espley will receive an annual retainer of $15,000 along with equity compensation as determined by the Board of Directors. Effective July 1, 2022, Ms. Espley will be granted 50,000 stock options of the Company at an exercise price of $0.60 per share, which was higher than the closing sales price for our common stock as quoted on the NYSE American LLC stock market on July 1, 2022. The options vest immediately on the grant date and have a term of five years. These arrangements are described under "Compensation of Directors" in the Company's proxy statement filed with the Securities and Exchange Commission on October 26, 2021.

 

There are no transactions between Ms. Espley and the Company that would be required to be reported under Item 404(a) of Regulation S-K.

The Company's press release announcing the appointment is attached to this Report as Exhibit 99.1.

 

Item 9.01 Financial Statements and Exhibits.

(d). Exhibits.

Exhibit

Number

 

Description

 

 

 

99.1

 

Press Release dated July 5, 2022

 104

 

Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

 

 

 

 


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 thereunto duly authorized.

 

 

 

Paramount Gold Neva

 

 

 

 

Date:

July 5, 2022

By:

/s/ Carlo Buffone

 

 

 

Carlo Buffone, Chief Financial Officer

 


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