-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JZlocnklE5AMwZZp/BSBZmp/uuBUtx1NXuNdcJ4FSk6LADQaOoalQK79FCnyUG/D a6seO0S3RrTvMFk4NMTuuw== 0001157523-10-007261.txt : 20101210 0001157523-10-007261.hdr.sgml : 20101210 20101210172603 ACCESSION NUMBER: 0001157523-10-007261 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20101210 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20101210 DATE AS OF CHANGE: 20101210 FILER: COMPANY DATA: COMPANY CONFORMED NAME: URANIUM RESOURCES INC /DE/ CENTRAL INDEX KEY: 0000839470 STANDARD INDUSTRIAL CLASSIFICATION: METAL MINING [1000] IRS NUMBER: 752212772 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33404 FILM NUMBER: 101245939 BUSINESS ADDRESS: STREET 1: 12750 MERIT DRIVE STREET 2: SUITE 720 CITY: DALLAS STATE: TX ZIP: 75251 BUSINESS PHONE: 9723877777 MAIL ADDRESS: STREET 1: 12750 MERIT DRIVE STREET 2: SUITE 720 CITY: DALLAS STATE: TX ZIP: 75251 8-K 1 a6542145.htm URANIUM RESOURCES, INC. 8-K


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): December 10, 2010

URANIUM RESOURCES, INC.
(Exact name of registrant as specified in its charter)

Delaware

 

0-17171

 

75-2212772

(State or other jurisdiction of

incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

405 State Highway 121 Bypass, Building A, Suite 110

Lewisville, TX

 

75067

(Address of principal executive offices)

(Zip Code)

(Registrant's telephone number, including area code):   (972) 219-3330

 

N/A

(Former name or former address, if changed since last report)

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:

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))

1

Item 7.01.   Regulation FD Disclosure

On December 10, 2010, the Registrant issued a press release announcing that five of its executive officers have established Rule 10b5-1 plans to effect the orderly sale of a portion of their holdings of Uranium Resources common stock resulting from deferred compensation that the officers were awarded from 1999 though 2004 and from vesting of restricted shares.  The adoption of these plans is a part of these individuals strategy to generate cash to pay taxes and for asset diversification and liquidity.  Additionally, URI will be relieved of approximately $700,000 in deferred compensation liability.  The officers included are, Executive Chairman, Paul K. Willmott, Executive Vice President – Operations, Richard A. Van Horn, Vice President and Chief Financial Officer, Thomas H. Ehrlich, Senior Vice President – Health Safety and Environmental Affairs, Mark S. Pelizza, and Vice President – Corporate Development, Mathew F. Lueras.

Under his Rule 10b5-1 Plan, Mr. Willmott may sell up to 661,392 shares of Uranium Resources, Inc. common stock over the period beginning in January, 2011 and ending in April, 2011.  Such sales may include shares currently owned or shares vesting within the next 60 days over the period. If Mr. Willmott completes all the planned sales under his Rule 10b5-1 Plan, he would beneficially own approximately 750,691 shares of Uranium Resources, Inc. outstanding stock including vested and unvested equity awards.

Under his Rule 10b5-1 Plan, Mr. Van Horn may sell up to 210,000 shares of Uranium Resources, Inc. common stock over the period beginning in January, 2011 and ending in December, 2011.  Such sales may include shares currently owned or shares vesting by April 1, 2011. If Mr. Van Horn completes all the planned sales under his Rule 10b5-1 Plan, he would beneficially own approximately 446,689 shares of Uranium Resources, Inc. outstanding stock including vested and unvested equity awards.

Under his Rule 10b5-1 Plan, Mr. Ehrlich may sell up to 49,500 shares of Uranium Resources, Inc. common stock in January, 2011.  Such sales may include shares currently owned or shares vesting within the next 60 days. If Mr. Ehrlich completes all the planned sales under his Rule 10b5-1 Plan, he would beneficially own approximately 609,739 shares of Uranium Resources, Inc. outstanding stock including vested and unvested equity awards.

Under his Rule 10b5-1 Plan, Mr. Pelizza may sell up to 20,000 shares of Uranium Resources, Inc. common stock in January, 2011.  Such sales may include shares currently owned or shares vesting within the next 60 days. If Mr. Pelizza completes all the planned sales under his Rule 10b5-1 Plan, he would beneficially own approximately 539,711 shares of Uranium Resources, Inc. outstanding stock including vested and unvested equity awards.

Under his Rule 10b5-1 Plan, Mr. Lueras may sell up to 1,400 shares of Uranium Resources, Inc. common stock over the period beginning in December 2010 and ending in April, 2011.  Such sales may include shares currently owned or shares vesting within the next 60 days. If Mr. Lueras completes all the planned sales under his Rule 10b5-1 Plan, he would beneficially own approximately 27,000 shares of Uranium Resources, Inc. outstanding stock including vested and unvested equity awards.

The trading plans are designed in accordance with URI’s policies regarding stock transaction and guidelines specified under Rule10b5-1 of the Securities Exchange Act of 1934, which allows corporate officers and directors to adopt written, pre-arranged stock trading plans at times when they do not have material, non-public information.  Using these plans, insiders can gradually diversify their investment portfolios, can spread stock trades out over an extended period of time to reduce market impact, and can avoid concerns about whether they had material, non-public information when they sold their stock.

Item 9.01.   Financial Statements and Exhibits

Exhibit 99.1  Press Release dated December 10, 2010

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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 thereunto duly authorized.

Uranium Resources, Inc.

 

Dated:

December 10, 2010

By:

/s/ Thomas H. Ehrlich

Thomas H. Ehrlich

Vice President and Chief Financial Officer

3

EX-99.1 2 a6542145ex99_1.htm EXHIBIT 99.1

Exhibit 99.1

Uranium Resources, Inc. Executives Adopt Rule 10b5-1 Plans

LEWISVILLE, Texas--(BUSINESS WIRE)--December 10, 2010--Uranium Resources, Inc. (NASDAQ: URRE) (“URI”) today announced that five of its executive officers have established Rule 10b5-1 plans to effect the orderly sale of a portion of their holdings of Uranium Resources common stock resulting from deferred compensation that the officers were awarded from 1999 though 2004 and from vesting of restricted shares. The adoption of these plans is a part of these individuals strategy to generate cash to pay taxes and for asset diversification and liquidity. Additionally, URI will be relieved of approximately $700,000 in deferred compensation liability. The officers included are, Executive Chairman, Paul K. Willmott, Executive Vice President – Operations, Richard A. Van Horn, Vice President and Chief Financial Officer, Thomas H. Ehrlich, Senior Vice President – Health Safety and Environmental Affairs, Mark S. Pelizza, and Vice President – Corporate Development, Mathew F. Lueras.

Collectively, the five officers may sell up to 942,292 shares of common stock under these plans. The transactions will commence no earlier than December 20, 2010 and will be disclosed publicly through Form 4 filings with the Securities and Exchange Commission. If all the planned shares are sold, the five would beneficially own approximately 2,373,830 shares of Uranium Resources, Inc. outstanding stock including vested and unvested equity awards.

The trading plans are designed in accordance with URI’s policies regarding stock transaction and guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934, which allows corporate officers and directors to adopt written, pre-arranged stock trading plans at times when they do not have material, non-public information. Using these plans, insiders can gradually diversify their investment portfolios, can spread stock trades out over an extended period of time to reduce market impact, and can avoid concerns about whether they had material, non-public information when they sold their stock.

About Uranium Resources, Inc.

Uranium Resources Inc. explores for, develops and mines uranium. Since its incorporation in 1977, URI has produced over 8 million pounds of uranium by in-situ recovery (ISR) methods in the state of Texas where the Company currently has ISR mining projects. URI also has 183,000 acres of uranium mineral holdings and 101.4 million pounds of in-place mineralized uranium material in New Mexico and a NRC license to produce up to 1 million pounds of uranium per year. The Company acquired these properties over the past 20 years along with an extensive information database of historic mining logs and analysis. None of URI’s properties is currently in production.

URI’s strategy is to fully exploit its resource base in New Mexico and Texas, expand its asset base both within and outside of New Mexico and Texas, partner with larger mining companies that have undeveloped uranium or with junior mining companies that do not have the mining experience of URI, as well as provide restoration expertise to those that require the capability or lack the proficiency.

Uranium Resources routinely posts news and other information about the Company on its web site at www.uraniumresources.com.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as “expects,” “estimates,” “projects,” “anticipates,” “believes,” “could,” and other similar words. All statements addressing operating performance, events, or developments that the Company expects or anticipates will occur in the future, including but not limited to statements relating to the Company’s mineralized uranium materials, timing of receipt of mining permits, production capacity of mining operations planned for properties in South Texas and New Mexico, planned dates for commencement of production at such properties, revenue, cash generation and profits are forward-looking statements. Because they are forward-looking, they should be evaluated in light of important risk factors and uncertainties. These risk factors and uncertainties include, but are not limited to, the spot price and long-term contract price of uranium, weather conditions, operating conditions at the Company’s mining projects, government regulation of the mining industry and the nuclear power industry, world-wide uranium supply and demand, availability of capital, timely receipt of mining and other permits from regulatory agents and other factors which are more fully described in the Company’s documents filed with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should any of the Company’s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on the Company’s forward-looking statements. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this press release.

CONTACT:
Investors:
Kei Advisors LLC
Deborah K. Pawlowski, 716-843-3908
dpawlowski@keiadvisors.com
or
Media:
Uranium Resources, Inc.
Mat Lueras, 505-269-8317
Vice President, Corporate Development
mlueras@uraniumresources.com
or
Company:
Uranium Resources, Inc.
Don Ewigleben, 972-219-3330
President & Chief Executive Officer

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