<SEC-DOCUMENT>0001157523-20-000177.txt : 20200211
<SEC-HEADER>0001157523-20-000177.hdr.sgml : 20200211
<ACCEPTANCE-DATETIME>20200210184414
ACCESSION NUMBER:		0001157523-20-000177
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20200206
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20200211
DATE AS OF CHANGE:		20200210

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Contango ORE, Inc.
		CENTRAL INDEX KEY:			0001502377
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				273431051
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35770
		FILM NUMBER:		20593321

	BUSINESS ADDRESS:	
		STREET 1:		3700 BUFFALO SPEEDWAY
		STREET 2:		STE 925
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77098
		BUSINESS PHONE:		713-877-1311

	MAIL ADDRESS:	
		STREET 1:		3700 BUFFALO SPEEDWAY
		STREET 2:		STE 925
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77098
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a52171497.htm
<DESCRIPTION>CONTANGO ORE, INC. 8-K
<TEXT>
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    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">WASHINGTON, D.C. 20549</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 12pt;">________________</div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">FORM 8-K</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">CURRENT REPORT</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">PURSUANT TO SECTION 13 OR 15(d) OF THE</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">SECURITIES EXCHANGE ACT OF 1934</div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Date of Report (Date of earliest event reported):<font style="font-weight: bold;">&#160; &#160; February 6, 2020</font></div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">CONTANGO ORE, INC.</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">(Exact name of Registrant as specified in its charter)</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="ze050939568344a9e9838ae2756a2e7f4" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 33%; vertical-align: top;">
            <div style="text-align: center; font-weight: bold;">&#160;Delaware</div>
          </td>
          <td style="width: 34%; vertical-align: top;">
            <div style="text-align: center; font-weight: bold;">&#160;001-35770</div>
          </td>
          <td style="width: 33%; vertical-align: top;">
            <div style="text-align: center; font-weight: bold;">&#160;27-3431051</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top; text-align: center;" rowspan="1">(State or other jurisdiction of <br>
          </td>
          <td style="width: 34%; vertical-align: top; text-align: center;" rowspan="1">(Commission <br>
          </td>
          <td style="width: 33%; vertical-align: top; text-align: center;" rowspan="1">(I.R.S. Employer <br>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top; text-align: center;" rowspan="1">incorporation or organization) <br>
          </td>
          <td style="width: 34%; vertical-align: top; text-align: center;" rowspan="1">File Number) <br>
          </td>
          <td style="width: 33%; vertical-align: top; text-align: center;" rowspan="1">Identification No.) <br>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 34%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 33%; vertical-align: top;" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top; text-align: center;" rowspan="1">
            <div><font style="font-weight: bold;">3700 Buffalo Speedway, Suite 925</font></div>
            <div><font style="font-weight: bold;">Houston, Texas</font> <br>
            </div>
          </td>
          <td style="width: 34%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 33%; vertical-align: bottom; text-align: center;" rowspan="1"><font style="font-weight: bold;">77098</font> <br>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top; text-align: center;" rowspan="1">(Address of principal executive offices) <br>
          </td>
          <td style="width: 34%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 33%; vertical-align: top;" rowspan="1">
            <div style="text-align: center;">(Zip Code)</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 99.94%; vertical-align: top;">
            <div style="text-align: center;">Registrant&#8217;s Telephone Number, including area code:&#160; <font style="font-weight: bold;">(713) 877-1311</font></div>
          </td>
        </tr>

    </table>
    <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Not Applicable</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">(Former name, former address and former fiscal year, if changed since last report)</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify;">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.):</div>
    <div><br>
    </div>
    <div style="text-align: justify;">&#9744;&#160;&#160; Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
    <div><br>
    </div>
    <div style="text-align: justify;">&#9744;&#160;&#160; Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
    <div><br>
    </div>
    <div style="text-align: justify;">&#9744;&#160;&#160; Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
    <div><br>
    </div>
    <div>&#9744;&#160;&#160; Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
    <div><br>
    </div>
    <div>Securities registered pursuant to Section 12(b) of the Act:</div>
    <table cellspacing="0" cellpadding="0" border="0" id="z527cd265f7ca438ca6b0840807ebba78" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 33%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="text-align: center; color: #000000; font-weight: bold;">Title of each class</div>
          </td>
          <td style="width: 34%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="text-align: center; color: #000000; font-weight: bold;">Trading Symbol(s)</div>
          </td>
          <td style="width: 33%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="text-align: center; color: #000000; font-weight: bold;">Name of each exchange on which registered</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="text-align: center; color: #000000;">Common Stock, Par Value $0.01 per share</div>
          </td>
          <td style="width: 34%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="text-align: center; color: #000000;">CTGO</div>
          </td>
          <td style="width: 33%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="text-align: center; color: #000000;">OTCQB</div>
          </td>
        </tr>

    </table>
    <div style="background-color: #FFFFFF;">
      <div>&#160;</div>
      <div style="color: #000000;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;&#160;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
        (&#167;&#160;240.12b-2 of this chapter).</div>
    </div>
    <div style="background-color: #FFFFFF;">
      <div>&#160;</div>
      <div style="color: #000000;">Emerging growth company&#160; &#9744;</div>
      <div>&#160;</div>
      <div style="color: #000000;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to
        Section 13(a) of the Exchange Act.&#160; &#9744;</div>
      <div style="color: #000000;"> <br>
      </div>
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    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="zf1e606ae5ffe44c5bcf3b7013b23b27b" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 10%; vertical-align: top;">
            <div style="font-weight: bold;">Item 5.02.</div>
          </td>
          <td style="width: 90%; vertical-align: top;">
            <div style="color: #000000; font-weight: bold;"><font style="background-color: #FFFFFF;">Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</font></div>
          </td>
        </tr>

    </table>
    <div style="text-indent: 36pt; color: #000000;"> <br>
    </div>
    <div style="text-indent: 36pt; color: #000000;">On February 6, 2020, Contango ORE, Inc., a Delaware corporation (the &#8220;Company&#8221;), entered into amendments to the previously-disclosed Retention Agreements in place with Brad Juneau, its Executive Chairman,
      Leah Gaines, its Vice President and Chief Financial Officer and one other employee to extend the term of the change in control period during which such officer or employee will be entitled to receive a payment upon the occurrence of a change in
      control (as defined in the applicable Retention Agreement) from August 6, 2020 until August 6, 2025.&#160;The amendments were approved by the Compensation Committee of the Company&#8217;s Board of Directors.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; color: #000000;">&#160;The foregoing summary of the amendments to the Retention Agreements does not purport to be complete and is subject to and qualified in its entirety by reference to the complete text of the form of
      amendment, a copy of which is being filed as Exhibit 10.1 and is incorporated herein by reference.</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="z8b05bf41bd404f179994d1beb6cd6207" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 10%; vertical-align: top;">
            <div style="font-weight: bold;">Item 9.01.</div>
          </td>
          <td style="width: 90%; vertical-align: top;">
            <div style="font-weight: bold;">Financial Statements and Exhibits.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>(d) Exhibits.</div>
    <div><br>
    </div>
    <div style="margin-left: 9pt">
      <table cellspacing="0" cellpadding="0" border="0" id="z970224b8544f41e0b847300bedd80a0f" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="font-weight: bold;"><u>Exhibit No.</u></div>
            </td>
            <td style="width: 90%; vertical-align: top;">
              <div style="text-align: center; font-weight: bold;"><u>Description of Exhibit</u></div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;" rowspan="1">&#160;</td>
            <td style="width: 90%; vertical-align: top;" rowspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div><a href="a52171497_ex101.htm">10.1</a></div>
            </td>
            <td style="width: 90%; vertical-align: top;">
              <div><a href="a52171497_ex101.htm">Form of Amendment to Retention Agreement, by and between the Company and each officer or employee party thereto.</a></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
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    <div style="text-align: center; font-weight: bold;">SIGNATURE</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">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.</div>
    <div style="text-indent: 36pt;"> <br>
    </div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="64596551979b4a7f8192c7bdc88a92fa">

        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;"><font style="font-weight: bold;">CONTANGO ORE, INC.</font> <br>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 50%; vertical-align: top;" rowspan="1">By: <u>/s/ Leah Gaines</u> <br>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 50%; vertical-align: top;" rowspan="1">Leah Gaines<br>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">Vice President and Chief Financial Officer <br>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;" rowspan="1">Dated: February 10, 2020 <br>
          </td>
          <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
        </tr>

    </table>
    <br>
    <div><br>
    </div>
    <div><br>
    </div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>a52171497_ex101.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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  <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 10.1</font><br>
  </div>
  <div style="text-align: right;"><font style="font-weight: bold;"> <br>
    </font></div>
  <div style="text-align: right;"><font style="font-weight: bold;"> <br>
    </font></div>
  <div><br>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;">AMENDMENT TO</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;"><u>RETENTION PAYMENT AGREEMENT</u></div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman',Times,serif;">This Amendment to Retention Payment Agreement (the &#8220;<font style="font-weight: bold;"><u>Amendment</u></font>&#8221;) is entered into as of February 6, 2020 by
      and between Contango ORE, Inc., a Delaware corporation (the &#8220;<font style="font-weight: bold;"><u>Company</u></font>&#8221;), and ____________________ (the &#8220;<font style="font-weight: bold;"><u>Executive</u></font>&#8221;).</div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;">WITNESSETH:</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman',Times,serif;">WHEREAS, the Company and the Executive previously entered into that certain Retention Payment Agreement effective as of February 6, 2020 (the &#8220;<font style="font-weight: bold;">Agreement</font>&#8221;);</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman',Times,serif;">WHEREAS, Section 10 of the Agreement allows the Agreement to be amended by an instrument in writing signed by the party against whom such amendment is
      sought to be enforced; and</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman',Times,serif;">WHEREAS, the Company and the Executive desire to amend the Agreement to extend the CIC Period;</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman',Times,serif;">NOW, THEREFORE, in consideration of the premises and mutual covenants contained herein, the parties hereto agree as follows:</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-family: 'Times New Roman',Times,serif;">1.</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">Section



        1(a) of the Agreement is hereby amended and restated in its entirety to read as follows:</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-left: 36pt; font-family: 'Times New Roman',Times,serif;">Upon the consummation of a Change in Control (the &#8220;<font style="font-weight: bold;"><u>CIC Date</u></font>&#8221;) during the period from the Effective Date
      until August 6, 2025 (the &#8220;<font style="font-weight: bold;"><u>CIC Period</u></font>&#8221;), the Company, or its successor, shall pay to the Executive a one-time cash bonus in a lump sum amount of [&#9679;] (the &#8220;<font style="font-weight: bold;"><u>Retention
          Payment</u></font>&#8221;) within 30 days following the CIC Date; provided that either (i) the Executive remains continuously employed by, or in the service of, the Company from the Effective Date until the CIC Date, or (ii) the Executive&#8217;s employment
      or service with the Company is terminated by the Company without Cause&#160;within 60 days prior to the CIC Date.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-family: 'Times New Roman',Times,serif;">2.</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">Except



        as otherwise specifically set forth herein, all other terms and conditions of the Agreement shall remain in full force and effect.</font></div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">[<font style="font-style: italic;">Signature Page Follows</font>]</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman',Times,serif;">IN WITNESS WHEREOF, the Executive has executed the Amendment and the Company has caused this Amendment to be executed in its name and on its behalf by its
      duly authorized officer, to be effective as of the date set forth above.</div>
    <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
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            <div>By: /s/ Rick Van Nieuwenhuyse</div>
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            <div>Name: Rick Van Nieuwenhuyse</div>
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            <div>Its: President and CEO</div>
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            <div>Date: February 6, 2020</div>
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