Business Context and Reporting Period
This Form 8-K Current Report was filed by NioCorp Developments Ltd. on November 7, 2016. The registrant is incorporated in British Columbia, Canada, with principal executive offices in Centennial, Colorado. The report addresses a corporate governance event regarding the Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is a current report regarding a specific event and does not contain financial statements or performance metrics.
Material Changes
On November 7, 2016, Mr. Joseph Cecil informed the Board of Directors that he would not stand for re-election at the Company's next annual general meeting of shareholders scheduled for December 9, 2016. Mr. Cecil cited personal reasons for this decision. He will remain a director until the election of new directors at the Annual Meeting. The Company explicitly stated that this departure was not the result of any disagreement regarding the Company's operations, policies, or practices.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or management commentary regarding future business performance. No specific risks or contingencies were disclosed in this document other than the standard transition of board membership.
Key Facts for Investor Verification
- Mr. Joseph Cecil will not seek re-election as a director for personal reasons.
- Mr. Cecil will continue to serve as a director until the Annual Meeting on December 9, 2016.
- The departure is not associated with any disagreement over company operations or policies.
- The report does not disclose any financial data or operational changes.