A-MARK PRECIOUS METALS, INC. (NASDAQ:AMRK) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers.
The disclosure in Item 8.01(a) (4) is incorporated herein by reference.
Item 8.01. Other Events.
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(a) |
Results of Annual Meeting |
1. At the annual meeting of stockholders held on November 2, 2017 (the “2017 Annual Meeting”), the Company's stockholders elected the following persons to the Company's Board of Directors, to hold office for a term of one year and until their respective successors have been duly elected and qualified:
Joel R. Anderson
Jeffrey D. Benjamin
Ellis Landau
Beverley Lepine
William Montgomery
John U. Moorhead
Jess M. Ravich
Gregory N. Roberts
2. At the 2017 Annual Meeting, the Company's stockholders ratified the appointment of Grant Thornton, LLP as the Company’s independent registered public accounting firm for the fiscal year ending June 30, 2018.
3. At the 2017 Annual Meeting, the Company’s stockholders approved, on an advisory basis, the compensation to the named executive officers of the Company for the fiscal year ending June 30, 2017.
4. At the 2017 Annual Meeting, the Company’s stockholders approved the Company’s Amended and Restated 2014 Stock Award and Incentive Plan (the “2014 Plan”), to (i) increase the available shares authorized for issuance under the 2014 Plan by 525,000 shares, (ii) extend the term of the 2014 Plan until 2027, and (iii) eliminate provisions that add back to the share reserve shares surrendered or withheld to pay the exercise price of an option or withheld to cover tax withholding obligations for any type of award, and shares as to which a stock appreciation right is exercised that exceed the number of shares actually delivered. In addition, stockholder approval of the amended and restated 2014 Plan constituted reapproval of the material terms of the 2014 Plan’s performance goals and related terms for purposes of Section 162(m) of the Internal Revenue Code of 1986, as amended, which is intended to preserve the ability of A-Mark to claim tax deductions for compensation to certain executive officers under the 2014 Plan.
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(b) |
Appointment of Committee Members and Re-Appointment of Officers |
At the Company's Board of Directors meeting held on November 2, 2017, the Board of Directors appointed the following persons to the committees of the Board of Directors:
Audit Committee
Ellis Landau, Chairman
Beverley Lepine
William Montgomery
John U. Moorhead
Compensation Committee
John U. Moorhead, Chairman
Ellis Landau
Jess M. Ravich
Nominating and Corporate Governance Committee
Jess M. Ravich, Chairman
William Montgomery
John U. Moorhead
In addition, the Board of Directors also appointed the following officers to the positions set forth below opposite their respective names:
Chief Executive OfficerGreg Roberts
PresidentThor Gjerdrum
Chief Financial Officer and Cary Dickson
Executive Vice President
Executive Vice President, Controller Kathleen Simpson-Taylor
And Assistant Secretary
General Counsel, Executive Carol Meltzer
Vice President and Secretary
About A-MARK PRECIOUS METALS, INC. (NASDAQ:AMRK)
A-Mark Precious Metals, Inc. is a precious metal trading company. The Company is a wholesaler of gold, silver, platinum and palladium bullion and related products, including bars, wafers, grain and coins. It distributes gold and silver coins and bars from sovereign and private mints; provides financing for the purchase of bullion and numismatics; offers storage for bullion, and offers complementary products, such as consignment, customized finance and liquidity programs, such as repurchase (Repo) accounts, and trade quotes in a variety of foreign currencies. It operates through various business units for accounting purposes, including Industrial, Coin and Bar, Trading, Finance, Collateral Finance Corporation, Transcontinental Depository Services and Logistics. It is an authorized distributor of gold and silver coins for sovereign mints and various private mints. The sovereign mints include the United States Mint, the Australian (Perth) Mint and the Austrian Mint, among others.
