HALLADOR ENERGY CO 8-K

What Happened
Hallador Energy Company announced in an 8-K that longtime director David Hardie resigned from the Board effective January 1, 2026. On January 2, 2026 the Board appointed Barbara Sugg to fill the vacancy, effective January 1, 2026; she will serve until the Company's 2026 annual meeting of stockholders and, if elected, until her successor is qualified. The Company also filed a press release on January 6, 2026 announcing the board change.

Key Details

• David Hardie served on the Board since 1989; his resignation was not due to any disagreement with the Company on operations, policies or practices.
• Barbara Sugg was appointed to the Board effective January 1, 2026 and has not been assigned to any Board committee at this time.
• Director pay for non-employee directors for Ms. Sugg’s service: $200,000 annual retainer — 50% cash and 50% in restricted stock units (RSUs) under the Company’s RSU plan; cash paid quarterly and RSUs granted after the annual meeting with a one‑year vesting period (RSU grant sized using the 10‑day VWAP before the annual meeting). (Compensation terms are described in the filing.)
• The filing states there are no family relationships or reportable related‑party transactions involving Ms. Sugg.

Why It Matters
This filing is a governance update: a long‑tenured director has left and a new independent director has been appointed. Investors should note the board change ahead of the 2026 annual meeting, where Ms. Sugg may stand for election. The disclosed director compensation (cash + RSUs) reflects how the Company remunerates independent directors but is unlikely to materially affect financial results in isolation. The Company reported the change via a press release (Exhibit 99.1).