Unassociated Document
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): March 24, 2009
ROYAL
GOLD, INC.
(Exact
name of registrant as specified in its charter)
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Delaware
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001-13357
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84-0835164
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(State
or other jurisdiction
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(Commission
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(IRS
Employer
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of
incorporation)
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File
Number)
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Identification
No.)
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1660
Wynkoop Street, Suite 1000, Denver, CO
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80202-1132
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code 303-573-1660
(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 (see General Instruction A.2. below):
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
1.01 Entry
into a Material Definitive Agreement
On March
26, 2009, Royal Gold, Inc. (the “Company”) entered into an Indemnification
Agreement (the “Agreement”) with William M. Zisch, the newly appointed Vice
President, Operations. The Indemnification Agreement provides that
the Company will hold harmless and indemnify Mr. Zisch to the fullest extent
authorized or permitted by law, even if such indemnification is not specifically
authorized by the other provisions of the Agreement, the certificate of
incorporation, the Company’s bylaws or by statute. The Agreement
provides additional detail on the scope of the indemnification, the procedures
for seeking indemnification and the methods for determining entitlement to
indemnification. The form of Indemnification Agreement is furnished
as Exhibit 10.1 to this Form 8-K and is incorporated herein by
reference.
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Item
5.02
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Departure
of Directors or Principal Officers; Election of Directors; Appointment of
Principal Officers
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(c) Appointment
of Principal Operating Officer
Effective
March 24, 2009, William M. Zisch was appointed Vice President, Operations of the
Company. Mr. Zisch has over 25 years of industry experience and will
be involved in the management and monitoring of the Company’s royalty portfolio,
which consists of 117 royalty properties on five continents. Mr.
Zisch reports to the Company’s Chief Executive Officer, Tony
Jensen. The Company will pay Mr. Zisch an annual base salary of
$240,000, and he will be eligible to participate in the Company’s present and
future employee benefits plans if at such time he meets their respective
eligibility requirements.
Mr.
Zisch, age 51, has spent the last 12 years working for Newmont Gold Company
(“Newmont”) and served as Vice President of Planning since 2007. From
2005 to 2007, he was Vice President, African Operations and from 2003 to 2005,
he was Group Executive/Managing Director, West African Operations for Newmont
Ghana Gold. From 2001 to 2003, he was Operations Manager, Minera
Yanacocha S.R.L. – Newmont, Peru. From 1997 to 2001, he was Director,
Business Development and Planning and Project Manager for
Newmont. Prior to his tenure at Newmont, Mr. Zisch spent 16 years
with FMC Company where he held several positions in operations and strategic
sourcing.
The
Company issued a press release announcing the appointment of Mr. Zisch on March
26, 2009. A copy of the press release is furnished as Exhibit 99.1 to
this Form 8-K.
| Item
9.01 |
Financial Statements and
Exhibits |
(d)
Exhibits
|
10.1
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Form
of Indemnification Agreement (filed as Exhibit 10.01 to the Company’s
Current Report on Form 8-K (File No. 001-13357) on November 13, 2006 and
incorporated herein by reference).
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| |
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| 99.1 |
Press
Release dated March 26, 2009. |
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.
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Royal Gold, Inc.
(Registrant)
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Dated: March
27, 2009
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By:
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/s/ Karen
Gross |
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Name:
Karen Gross |
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Title:
Vice President and Secretary |
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Exhibit
Index
Exhibit
No.
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10.1
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Form
of Indemnification Agreement (filed as Exhibit 10.01 to the Company’s
Current Report on Form 8-K (File No. 001-13357) on November 13, 2006 and
incorporated herein by reference).
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| |
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| 99.1 |
Press
Release dated March 26, 2009. |