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URG Ur-Energy

Filed: 2 Apr 21, 4:42pm


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): April 2, 2021
 
UR-ENERGY INC.
(Exact name of registrant as specified in its charter)
 
Canada 001-33905 Not applicable
(State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification Number)
 
10758 W Centennial Road, Suite 200  
Littleton, Colorado 80127
(Address of principal executive offices)  (Zip code)
 
Registrant’s telephone number, including area code: (720) 981-4588
 
Securities registered pursuant to Section 12(b) of the Act: 
Title of each class: Trading Symbol Name of each exchange on which registered:
Common stock URG (NYSE American): URE (TSX) NYSE American; TSX
 
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):
 
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
 
Emerging growth company ☐
 
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.  ☐
 


 
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
 
On April 2, 2021, the Board of Directors (the “Board”) of Ur-Energy Inc. (“Ur-Energy” or the “Company”) approved an award of short-term incentive bonuses for 2019 (the “2019 STIPs”) for the executive officers of the Company: Mr. Jeffrey T. Klenda, Chief Executive Officer; Mr. Roger L. Smith, Chief Financial Officer; Ms. Penne A. Goplerud, Corporate Secretary; Mr. Steven M. Hatten, Vice President Operations; and Mr. John W. Cash, Vice President Regulatory Affairs (collectively, the “Executive Officers”).
 
The awards, previously postponed by the Board in deference to the effects of and uncertainty caused by the COVID-19 pandemic, were considered and the determination was made by the Board to pay the 2019 STIPs at a rate reduced by 50%. The total compensation for the Executive Officers for 2019, as updated, is set forth here:
 
Name and principal position
 
Year
 Salary($)  
 Bonus ($)  
 Stock awards($)  
 Option awards ($)  
Non-equity incentive plan compensation($)
 
Change in pension value and nonqualified deferred compensation($)
 All other Compensation ($)  
 Total($)  
 
 
 
   
   
   
   
 
 
 
   
   
Jeffrey T. Klenda
 
2019
  426,050 
  112,183 
  62,082 
  109,917 
Nil
 
Nil
  Nil  
  710,232 
President and CEO
 
 
    
    
    
    
   
   
    
 
 
 
    
    
    
    
   
   
    
Roger L. Smith
 
2019
  282,425 
  54,487 
  33,958 
  60,124 
Nil
 
Nil
  11,297 
  442,291 
Chief Financial Officer
 
 
    
    
    
    
   
    
    
 
 
 
    
    
    
    
   
    
    
Penne A. Goplerud
 
2019
  253,908 
  48,945 
  30,529 
  54,052 
Nil
 
Nil
  10,156 
  397,590 
Corporate Secretary
 
 
    
    
    
    
   
    
    
 
 
 
    
    
    
    
   
    
    
Steven M. Hatten
 
2019
  222,522 
  42,896 
  26,756 
  47,371 
Nil
 
Nil
  8,550 
  348,095 
Vice President Operations
 
 
    
    
    
    
   
    
    
 
 
 
    
    
    
    
   
    
    
John W. Cash
 
2019
  212,086 
  41,406 
  25,501 
  45,149 
Nil
 
Nil
  7,756 
  331,898 
Vice President Regulatory Affairs
 
 
    
    
    
    
   
    
    
 
The approval of the award of the 2019 STIPs to the CEO and other Executive Officers and to non-executive staff results in a CEO Pay Ratio for 2019 of 7:1.
 

 
SIGNATURE
 
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.
 
Date: April 2, 2021
 Ur-Energy Inc.
    
 By:
 /s/ Penne A. Goplerud
 
  Name: Penne A. Goplerud 
  Title: Corporate Secretary and General Counsel