NIOCORP DEVELOPMENTS LTD — Regulatory Filings 2021

Jan 25, 2021

8-K 1 sf0090h_8k.htm FORM 8-K

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

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FORM 8-K

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CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

| Date
of Report (Date of earliest event reported): January 22, 2021 | | |
| --- | --- | --- |
| NioCorp
Developments Ltd. | | |
| (Exact
name of registrant as specified in its charter) | | |
| British
Columbia, Canada (State or other jurisdiction of incorporation) | 000-55710 (Commission File Number) | 98-1262185 (IRS Employer Identification No.) |
| 7000
South Yosemite Street, Suite 115 Centennial, Colorado 80112 (Address of principal executive offices) (Zip Code) | | |
| Registrant’s
telephone number, including area code: (720) 639-4647 (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:

☐ 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))

Securities registered pursuant to Section 12(b) of the Act:

| Title
of each class | Trading
Symbol(s) | Name
of each exchange on which registered |
| --- | --- | --- |
| Not
Applicable | Not
Applicable | Not
Applicable |

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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. ☒

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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 22, 2021, the Board of Directors (the “ Board ”) of NioCorp Developments Ltd. (the “ Company ”) approved and adopted an amended and restated version (the “ Amendment ”) of the 2016 Incentive Stock Option Plan of the Company (the “ Original 2016 Plan ”). The Amendment modifies the Original 2016 Plan to permit optionees to elect to exercise vested stock options granted under the Original 2016 Plan via a net-settlement procedure to cover the applicable exercise price (and to permit the Company to use a net-settlement procedure to cover applicable withholding obligations relating to such stock option exercise). The Amendment also makes certain other conforming and non-substantive changes, and provides for the elimination of fractions in these net-settlement procedures for no payment.

A copy of the Amendment is attached hereto as Exhibit 10.1 and is incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits .

Exhibit	Description
10.1	Amended and restated 2016 Incentive Stock Option Plan of the Company

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SIGNATURES

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.

| /s/ Neal
S. Shah |
| --- |
| Neal
S. Shah Chief
Financial Officer |

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