8-K
UR-ENERGY INC (URG)
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): April 2, 2021
UR-ENERGY
INC.
(Exact name of registrant as specified in its charter)
| Canada | 001-33905 | Not applicable |
|---|---|---|
| (State<br>or other jurisdiction of incorporation or<br>organization) | (Commission<br>File Number) | (I.R.S.<br>Employer Identification Number) |
| 10758 W<br>Centennial Road, Suite<br>200 | ||
| --- | --- | |
| Littleton,<br>Colorado | 80127 | |
| (Address<br>of principal executive offices) | (Zip<br>code) |
Registrant’s
telephone number, including area code: (720) 981-4588
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class: | Trading Symbol | Name of each exchange on which registered: |
|---|---|---|
| Common stock | URG (NYSE American): URE (TSX) | NYSE American; TSX |
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 (see General Instruction A.2. below):
☐ 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 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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 April 2, 2021, the Board of Directors (the “Board”) of Ur-Energy Inc. (“Ur-Energy” or the “Company”) approved an award of short-term incentive bonuses for 2019 (the “2019 STIPs”) for the executive officers of the Company: Mr. Jeffrey T. Klenda, Chief Executive Officer; Mr. Roger L. Smith, Chief Financial Officer; Ms. Penne A. Goplerud, Corporate Secretary; Mr. Steven M. Hatten, Vice President Operations; and Mr. John W. Cash, Vice President Regulatory Affairs (collectively, the “Executive Officers”).
The awards, previously postponed by the Board in deference to the effects of and uncertainty caused by the COVID-19 pandemic, were considered and the determination was made by the Board to pay the 2019 STIPs at a rate reduced by 50%. The total compensation for the Executive Officers for 2019, as updated, is set forth here:
| Name and principal position | Year | Salary($) | Bonus ($) | Stock awards($) | Option awards ($) | Non-equity incentive plan compensation($) | Change in pension value and nonqualified deferred<br>compensation($) | All other Compensation ($) | Total($) |
|---|---|---|---|---|---|---|---|---|---|
| Jeffrey T. Klenda | 2019 | 426,050 | 112,183 | 62,082 | 109,917 | Nil | Nil | Nil | 710,232 |
| President and<br>CEO | |||||||||
| Roger L. Smith | 2019 | 282,425 | 54,487 | 33,958 | 60,124 | Nil | Nil | 11,297 | 442,291 |
| Chief<br>Financial Officer | |||||||||
| Penne A. Goplerud | 2019 | 253,908 | 48,945 | 30,529 | 54,052 | Nil | Nil | 10,156 | 397,590 |
| Corporate<br>Secretary | |||||||||
| Steven M. Hatten | 2019 | 222,522 | 42,896 | 26,756 | 47,371 | Nil | Nil | 8,550 | 348,095 |
| Vice President<br>Operations | |||||||||
| John W. Cash | 2019 | 212,086 | 41,406 | 25,501 | 45,149 | Nil | Nil | 7,756 | 331,898 |
| Vice President<br>Regulatory Affairs |
The approval of the award of the 2019 STIPs to the CEO and other Executive Officers and to non-executive staff results in a CEO Pay Ratio for 2019 of 7:1.
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.
Date: April 2, 2021
| Ur-Energy Inc. | |
|---|---|
| By: | /s/<br>Penne A. Goplerud |
| Name:<br>Penne A. Goplerud | |
| Title:<br>Corporate Secretary and General Counsel |