Coronado Global Resources Inc.

08/02/2024 | Press release | Distributed by Public on 08/02/2024 14:16

Management Change/Compensation Form 8 K

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 1, 2024, the Board of Directors (the "Board") of Coronado Global Resources Inc. (the "Company") approved the payment of a one-time discretionary cash bonus award of $985,000 to the Executive Chairman of the Board, Garold Spindler, in recognition of his performance in his role as Chief Executive Officer through the Company's 2023 Annual General Meeting of Stockholders and in recognition of his efforts to facilitate the transition of the Chief Executive Officer role to Douglas G. Thompson. As previously disclosed, Mr. Spindler did not receive any payment under the Company's 2023 short-term incentive plan, pursuant to which the Company's other named executive officers earned bonuses.