UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 21, 2024, Paramount Gold Nevada Corp. (the “Company”) entered into Amendment No.1 to Employment Agreement with Rachel Goldman, its Chief Executive Officer, providing for (i) an increase in annual base salary to $240,000 and (ii) to modify the compensation payable upon a Change of Control (as defined therein) and subsequent termination, from a minimum of twelve months up to a maximum of twenty-four months of salary, to a fixed amount of twenty-four months of salary, to conform with the terms of the employment agreements with the other senior executives of the Company.
On May 21, 2024, the Company entered into Amendment No.2 to Employment Agreement with Glen Van Treek, its President and Chief Operating Officer, providing for an increase in annual base salary to $225,000.
On May 21, 2024, the Company entered into Amendment No. 2 to Employment Agreement with Carlo Buffone, its Chief Financial Officer, providing for an increase in annual base salary to $210,000.
The foregoing description of the material terms of the foregoing amended employment agreements does not purport to be complete and is qualified in its entirety by reference to the relevant exhibits. A copy of the amended employment agreements for Ms. Goldman, Mr. Van Treek and Mr. Buffone are attached as Exhibits 10.1, 10.2 and 10.3 respectively.
Item 9.01 Financial Statements and Exhibits.
| Exhibit Number |
Description | |
| 10.1 | Amendment No. 1 to Employment Agreement with Rachel Goldman dated May 21, 2024 | |
| 10.2 | Amendment No. 2 to Employment Agreement with Glen Van Treek dated May 21, 2024 | |
| 10.3 | Amendment No. 2 to Employment Agreement with Carlo Buffone dated May 21, 2024 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
SIGNATURES
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.
| PARAMOUNT GOLD NEVADA CORP. | ||||||
| Date: May 24, 2024 | By: | /s/ Carlo Buffone | ||||
| Carlo Buffone Chief Financial Officer | ||||||