UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of
the
Securities Exchange Act of 1934
(Amendment No.
)
Filed
by the Registrant x
Filed
by a Party other than the Registrant ¨
Check the appropriate box:
¨ Preliminary
Proxy Statement
¨ Confidential,
For Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
¨ Definitive
Proxy Statement
x Definitive
Additional Materials
¨ Soliciting
Material Pursuant to 240.14a-12
Ramaco Resources, Inc.
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement,
if Other Than the Registrant)
Payment of Filing Fee (Check the appropriate box):
x No
fee required.
¨ Fee
computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
¨ Fee
paid previously with preliminary materials.
¨ Check
box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting
fee was paid previously. Identify the previous filing by registration statement number, or the form or schedule and the date of its filing.
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): June 8, 2023
Ramaco Resources, Inc.
(Exact name of Registrant
as specified in its Charter)
Delaware |
001-38003 |
38-4018838 |
(State or other jurisdiction of
incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
250 West Main Street, Suite 1900
Lexington, Kentucky 40507
(Address of principal
executive offices)
Registrant’s telephone
number, including area code: (859) 244-7455
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 |
METC |
NASDAQ Global Select Market |
9.00% Senior Notes due 2026 |
METCL |
NASDAQ Global Select Market |
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)) |
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 7.01. Regulation FD Disclosure.
On June 8, 2023, Ramaco Resources, Inc.
(the “Company”) issued a press release announcing that the Company released an investor presentation (the “Investor
Presentation”) that may be used by the Company in connection with the solicitation of proxies for a special meeting of stockholders
to be held on June 12, 2023 (the “Special Meeting”). A copy of the press release is attached hereto as Exhibit 99.1
and is incorporated herein by reference.
A copy of the Investor Presentation is attached
hereto as Exhibit 99.2 and is incorporated herein by reference.
A copy of the transcript of the Investor Presentation
(the “Transcript”) is attached hereto as Exhibit 99.3 and is incorporated herein by reference.
A
copy of the Investor Presentation, the Transcript, and a link to an audio recording of the Investor Presentation are also posted under
the “Investors” section of the Company’s website, www.ramacoresources.com.
The statements under this Item 7.01 and Exhibits 99.1, 99.2 and 99.3
are being furnished pursuant to Item 7.01 and shall not be deemed “filed” for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended, or otherwise be subject to the liabilities of that section, nor shall they be deemed incorporated by
reference into any filings under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.
Additional Information and Where to Find It
On April 26, 2023, the Company filed a definitive
proxy statement (the “Proxy Statement”) with the U.S. Securities and Exchange Commission (the “SEC”) relating
to the stockholder proposal to amend and restate the Company’s amended and restated certificate of incorporation, which, among other
things, includes (1) the reclassification of the Company’s existing common stock as shares of Class A common stock, par
value $0.01 per share (“Class A Common Stock”), (2) the creation of a separate class of common stock, the Class B
common stock, par value $0.01 per share (“Class B Tracking Stock”), and (3) the provision to the Company’s
board of directors of the option, in its sole discretion, to exchange all outstanding shares of the Class B Tracking Stock into shares
of Class A Common Stock based on an exchange ratio determined by a 20-day trailing volume-weighted average price for each class of
stock (the “Charter Amendment Proposal”).
The Company commenced mailing on or about May 5,
2023 of the Proxy Statement and other relevant documents to its stockholders as of April 21, 2023, the record date, for voting on
the Charter Amendment Proposal. This Current Report on Form 8-K does not contain all the information that should be considered concerning
the Charter Amendment Proposal and is not intended to form the basis of any investment decision or any other decision in respect of the
amendment and restatement of the Company’s amended and restated certificate of incorporation contemplated thereby. The Company’s
stockholders and other interested persons are advised to read the Proxy Statement and other documents filed in connection with the Charter
Amendment Proposal, as these materials contain important information about the Company and the Charter Amendment Proposal. The Company’s
stockholders are able to obtain copies of the Proxy Statement, and other documents filed with the SEC, free of charge at the SEC’s
website at www.sec.gov, or by directing a request to: Attn: Secretary, 250 West Main Street, Suite 1900, Lexington, Kentucky 40507.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this Current Report on Form 8-K
may be considered forward-looking statements. Forward-looking statements generally relate to future events or the Company’s future
financial or operating performance, and other “forward-looking statements” (as such term is defined in the Private Securities
Litigation Reform Act of 1995), which include statements relating to the Charter Amendment Proposal. In some cases, you can identify forward-looking
statements by terminology such as “believe,” “may,” “will,” “estimate,” “continue,”
“anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,”
“potential,” “seem,” “seek,” “future,” “outlook,” or the negatives of these
terms or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These
forward-looking statements are subject to a number of risks and uncertainties. If any of these risks materialize or our assumptions prove
incorrect, actual results could differ materially from the results implied by these forward-looking statements.
These forward-looking statements are based upon
estimates and assumptions that, while considered reasonable by the Company and its management, are inherently uncertain. Factors that
may cause actual results to differ materially from current expectations include, but are not limited to: (1) the inability to recognize
the anticipated benefits of the Charter Amendment Proposal; (2) costs related to the implementation of the Charter Amendment Proposal;
(3) changes in applicable laws or regulations; (4) the possibility that the Company may be adversely affected by other economic,
business and/or competitive factors; (5) the Company’s estimates of expenses and profitability; (6) the failure to realize
anticipated pro forma results or projections and underlying assumptions; and (7) other risks and uncertainties set forth in the sections
entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in the Company’s Annual
Report on Form 10-K for the year ended December 31, 2022 the form of prospectus included as part of the Registration Statement
on Form S-1/A filed with the SEC on April 7, 2023 relating to the Class B common stock, and in any subsequent filings with
the SEC. There may be additional risks that the Company does not presently know or currently believe are immaterial that could also cause
actual results to differ from those contained in the forward-looking statements.
Nothing in this Current Report on Form 8-K
should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any
of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking
statements, which speak only as of the date they are made. The Company does not undertake any duty, and the Company expressly disclaims
any obligation, to update or alter this Current Report on Form 8-K or any projections or forward-looking statements, whether as a
result of new information, future events or otherwise.
Participants in the Solicitation
The Company and its directors and executive officers
may be deemed participants in the solicitation of proxies from the Company’s stockholders with respect to the Charter Amendment
Proposal. A list of the names of those directors and executive officers and a description of their interests in the Company is contained
in the definitive proxy statement that the Company filed with the SEC in connection with the Special Meeting to approve the Charter Amendment
Proposal and is available free of charge at the SEC’s website at www.sec.gov, or by directing a request to Attn: Secretary, 250
West Main Street, Suite 1900, Lexington, Kentucky 40507.
No Offer or Solicitation
This Current Report on Form 8-K shall not
constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Charter Amendment Proposal.
This Current Report on Form 8-K shall not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any
securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except
by means of a prospectus meeting the requirements of Section 10 of the Securities Act, or an exemption therefrom.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
SIGNATURE
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:
Title: |
Randall W. Atkins
Chairman and Chief Executive Officer |
Dated: June 8, 2023
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