UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Section 5 – Corporate Governance Management
| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(a) On August 15, 2024, Raymond D. Roberts, Sr. resigned as a Director and from all Board Committees of New Concept Energy, Inc. (“GBR” or the “Company” or the “Issuer”). Mr. Roberts, age 92, had been a Director of the Company since June 17, 2015 when he was originally elected to the Board to fill a vacancy. Mr. Roberts is retired. For more than five years prior to December 31, 2014, he was Director of Aviation of Stellar Aviation, Inc., a privately held Nevada corporation, engaged in the business of aircraft and logistical management. At the time of his resignation as a Director of the Company, Mr. Roberts advised that he had no disagreement with the Registrant on any matter relating to the Registrant’s operations, policies or practices. Mr. Roberts has certain health issues, which he and his family are addressing.
After giving effect to the resignation of Mr. Roberts, the Board of Directors of the Company continues to have a majority of independent directors who also constitute the Audit Committee, the Compensation Committee, and the Governance and Nominating Committee of the Board of Directors.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned, hereunto duly authorized.
Dated: August 26, 2024
| NEW CONCEPT ENERGY, INC. | |||
| By: | /s/Gene S. Bertcher | ||
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Gene S. Bertcher, President and Chief Executive and Financial Officer |
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