Golden Minerals Co: appoints executive vice president of exploration; director resigns

What happened

• The filing states the board appointed Keith Laskowski as executive vice president of exploration of the Company, effective Oct 1, 2026. Mr. Laskowski, age 70, is an economic and mining geologist with over 45 years of experience and works through Yellowstone Geological Services LLC.
• The filing states Pablo Castanos resigned as a member of the board of directors, effective Sep 30, 2026.

Key details

• The Company entered into a consulting agreement with Yellowstone and Mr. Laskowski dated Oct 1, 2026, with an initial term of three years ending Sep 30, 2029 and terminable on not less than 30 days’ prior written notice.
• The Company will pay Yellowstone a monthly fee of $20,000 and reimburse approved travel and business expenses. Upon termination, Yellowstone is entitled only to fees and approved expenses accrued through the termination date and all unvested equity awards are forfeited.
• Mr. Laskowski received an award of 600,000 restricted stock units under the Company’s 2023 equity incentive plan, vesting in three equal tranches on Oct 1, 2027, Oct 1, 2028, and Oct 1, 2029, subject to the consulting agreement remaining in effect. He is also eligible for an incentive bonus stock award of 400,000 shares if the Company’s stock price exceeds $2.00, measured by a 30-day volume-weighted average price, at any time prior to Sep 30, 2029, subject to agreement terms and available shares.
• The consulting agreement includes confidentiality provisions (during the term and for one year thereafter or longer for trade secrets) and non-competition and non-solicitation covenants during the term and for 12 months following termination.

Why it may matter

• This report was filed under Item 5.02 (departure of directors or certain officers) reporting the appointment and resignation, and Item 7.01 (Regulation FD disclosure) furnishing a press release. The filing does not show why the insider traded or why the company acted.