Business Context and Reporting Period
This Form 8-K Current Report was filed by Gold Resource Corporation on June 27, 2006, covering events occurring on June 1, 2006, and June 20, 2006. The filing addresses changes in the Company's principal officers and board of directors.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance changes and does not contain financial performance data.
Material Changes
- Appointment of Principal Financial Officer: Frank L. Jennings was appointed as the principal financial officer on June 20, 2006, to replace William F. Pass.
- Resignation of Principal Financial Officer: William F. Pass resigned from the position effective June 1, 2006, citing the demands of other obligations. He will continue to serve as a financial consultant.
- Election of Director: Bill M. Conrad was elected as a director on June 1, 2006. His term expires at the next annual meeting of shareholders.
Guidance, Outlook, and Risks
The filing includes a standard "Safe Harbor" statement regarding forward-looking statements. Management notes that actual results may differ materially from projected results due to various risks, including:
- Third-party contractual obligations and decisions.
- Commodity prices.
- Environmental and government regulations.
- Availability of financing.
- Judicial proceedings and force majeure events.
The Company disclaims any obligation to update these forward-looking statements.
Investor Verification Checklist
- Verify the background and qualifications of the new Principal Financial Officer, Frank L. Jennings, particularly his experience with OTC Bulletin Board companies.
- Confirm the specific terms of the consulting arrangement with the departing officer, William F. Pass.
- Review the background of the new director, Bill M. Conrad, and his experience in the energy sector relative to Gold Resource's mining operations.
- Check subsequent filings for any financial impact related to the transition of financial leadership.