Alaska Silver Corp. 8-K

What Happened
Alaska Silver Corp. (WAMFF) filed an 8-K reporting that the Board appointed Aaron Schutt as a director effective May 13, 2026. The company also granted equity awards on May 13, 2026 and issued a press release dated May 14, 2026 (furnished as Exhibit 99.1).

Key Details

• Aaron Schutt appointed as director effective May 13, 2026; no arrangements or understandings reported regarding his selection and he has not been assigned to any board committee yet.
• Directors’ annual compensation is $36,000, payable in cash or restricted share units (RSUs) at the director’s election.
• Grants made on May 13, 2026: 1,045,609 RSUs to directors and officers; 960,000 stock options to certain directors, officers, employees and consultants (500,000 of those options to directors and officers).
• RSUs: each converts to one common share upon vesting; vest one year from the grant date. Options: exercisable at C$0.805 per share for a five-year term.
• The company stated there are no transactions involving Mr. Schutt that must be reported under Item 404(a) of Regulation S‑K.

Why It Matters
This filing informs investors about a board change (new director) and the company’s use of equity-based pay. The RSU and option grants can dilute existing shareholders when they vest or are exercised, and the option exercise price and five-year term set the potential timeline and economics for future share issuance. The press release was furnished under Regulation FD disclosure to ensure the information was publicly available.