Comstock Inc 8-K, filed Aug 6, 2021
Comstock Inc. (LODE)
8-K
2021-08-06
For: 2021-08-02
View Original
Added on
April 10, 2026
About this 8-K
Comstock Inc filed this 8-K on August 6, 2021, reporting on events of August 2, 2021.
Items reported
- Item 5.02: Director or officer change, or executive pay
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): August 2, 2021
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Item 5.02, Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
On August 2, 2021, the Compensation Committee (the “Committee”) of the Board of Directors of the Company approved the grant a special monetary award of $193,299 to the Executive Chairman and Chief Executive Officer of the Company, in consideration of superlative efforts. The amount of the monetary award is equal to the difference between the designated base salary amount in the employment agreement of the Executive Chairman and Chief Executive Officer and actual cash payments by the Company to the Executive Chairman and Chief Executive Officer from January 1, 2016 to June 30, 2021. Mr. De Gasperis’ salary was voluntarily reduced from $360,000 to $288,000 in 2016 in conjunction with the Company's efforts to reduce administrative expenses. On August 2, 2021, the Committee also approved the reinstatement of Mr. DeGasperis’ base salary to $360,000 per his employment agreement, effective retroactively from July 1, 2021.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| COMSTOCK MINING INC. | ||||||||||||||
| Date: August 5, 2021 | By: | /s/ Corrado De Gasperis | ||||||||||||
Name: Corrado De Gasperis Title: Executive Chairman and Chief Executive Officer | ||||||||||||||