Form 8-K Applied Minerals, Inc. For: Mar 27
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): |
March 27, 2015 |
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Commission File Number |
000-31380 |
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APPLIED MINERALS, INC. | ||||||
(Exact name of registrant as specified in its charter) | ||||||
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Delaware |
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82-0096527 | ||||
(State or other jurisdiction of incorporation or organization) |
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(I.R.S. Employer Identification No.) | ||||
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110 Greene Street – Suite 1101, New York, NY |
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10012 | ||||
(Address of principal executive offices) |
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(Zip Code) | ||||
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(212) 226-4265 |
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(Issuer’s Telephone Number, Including Area Code) |
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(Former name or former address, if changed since last report.) |
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):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230-425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240-14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory
(e) On March 27, 2015, the Board of Directors of the Company elected Bradley Tirpak as a director to serve until the 2015 annual meeting of stockholders.
Bradley Tirpak, 44, is a professional investor with twenty years of investing experience who has been a portfolio manager at Credit Suisse First Boston, Caxton Associates, and Sigma Capital Management. He is currently the Managing Member of various investment partnerships. Between 1993 and 1996, he was the founder and CEO of Access Telecom, Inc., an international telecommunications company doing business in Mexico. Mr. Tirpak has served as a director and Chairman of the Board of Directors of Full House Resorts, Inc. since 2014. Mr. Tirpak served as a director of USA Technologies, Inc. from 2010 to 2012. Mr. Tirpak earned a B.S.M.E. from Tufts University and earned his M.B.A. from Georgetown University.
Mr. Tirpak was nominated pursuant to the terms of a Director Nomination Agreement (“Director Nomination Agreement’) made in 2011 by the Company with Samlyn Onshore Fund, LP, a Delaware limited partnership, and Samlyn Offshore Master Fund, Ltd., a Cayman Islands exempted company (the “Samlyn Funds”). Subject to the terms and conditions of the Director Nomination Agreement, until the occurrence of a Termination Event (as defined in the Director Nomination Agreement), the Samlyn Funds jointly have the right to designate one person to be nominated for election to the Board. Such right having been exercised by the Samlyn Funds, the Company was obligated to use commercially reasonable efforts to cause such person to be elected to the Board of Directors.
Mr. Tirpak is not an affiliate (as defined in Rule 405 under the Securities Act of 1933) or an employee of either of the Samlyn Funds or any of their affiliates. Aside from agreeing to be the nominee of the Samlyn Funds, there is no agreement or arrangement (compensatory or otherwise) between Mr. Tirpak and either of the Samlyn Funds or any of their affiliates relating to Mr. Tirpak’s service as a director of the Company.
Item 9.01 |
Financial Statements and Exhibits |
Exhibit 99.1 |
Press release dated April 1, 2015 announcing Mr. Tirpak’s appointment as a director. |
SIGNATURES
In accordance with 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 thereunto duly authorized.
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APPLIED MINERALS, INC. |
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Dated: |
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March 31, 2015 |
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/s/ ANDRE ZEITOUN |
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By: Andre Zeitoun |
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President and Chief Executive Officer |
Exhibit 99.1
Applied Minerals Appoints Bradley Tirpak to Board of Directors
NEW YORK - April 1, 2015 -- Applied Minerals, Inc. (the “Company” or “Applied Minerals”) (OTCQB: AMNL), a leading global producer of halloysite clay and advanced natural iron oxides, has appointed Bradley Tirpak to its Board of Directors. With the appointment of Mr. Tirpak the Board is now comprised of seven directors, five of whom are independent.
Mr. Tirpak is currently the managing member of various investment partnerships. He has been a portfolio manager at Credit Suisse First Boston, Caxton Associates and Sigma Capital Management. Between 1993 and 1996, he was the founder and CEO of Access Telecom, Inc., an international telecommunications company that conducted business in Mexico. Mr. Tirpak has served as a director and Chairman of the Board of Directors of Full House Resorts, Inc. since 2014. He also served as a director of USA Technologies, Inc. from 2010 to 2012.
“We welcome Brad to the Board and look forward to leveraging his valuable skill set,” said John F. Levy, chairman of the board of Applied Minerals. “With over 20 years of experience investing in, managing and enhancing the value of numerous companies, we believe he will contribute significantly to our success.”
Mr. Tirpak earned his B.S.M.E. from Tufts University and his M.B.A. from Georgetown University.
About Applied Minerals, Inc.
Applied Minerals is the leading producer of halloysite clay and advanced natural iron oxide solutions from its wholly owned Dragon Mine property in Utah. Halloysite is aluminosilicate clay that forms naturally occurring nanotubes. In addition to serving the traditional halloysite markets for use in technical ceramics and catalytic applications, the Company has developed niche applications that benefit from the tubular morphology of its halloysite. These applications include carriers of active ingredients in paints, coatings and building materials, environmental remediation, agricultural applications and high-performance additives & fillers for plastic composites. Applied Minerals markets its halloysite products under the Dragonite™ trade name.
From its Dragon Mine property, the Company also produces a range of ultra-pure natural iron oxides consisting of hematite and goethite. Combining ultra-high purity and consistent quality, the inherent properties of the iron oxide from the Dragon Mine allow for a wide range of end uses in pigment and technical applications. Applied Minerals markets its comprehensive line of advanced natural iron oxide pigments under the AMIRON™ trade name. Additional information on the Company can be found at www.appliedminerals.com and www.amironoxides.com.
Safe Harbor Statements
Safe harbor statements under the Private Securities Litigation Reform Act of 1995 for Applied Minerals, Inc.: Some statements contained or implied in this news release may be considered forward-looking statements, which by their nature are uncertain. Consequently, actual results could materially differ. For more detailed information concerning how risks and uncertainties could affect the Company's financial results, please refer to Applied Minerals’ most recent filings with the SEC. The Company assumes no obligation to update any forward-looking information.
Contact:
Greg Falesnik
MZ North America
Senior Vice President
1-949-385-6449
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