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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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): February 1, 2025
ROYALTY MANAGEMENT HOLDING CORPORATION |
(Exact name of registrant as specified in its charter) |
Delaware |
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001-40233 |
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86-1599759 |
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(State or other jurisdiction of incorporation) |
|
(Commission File Number) |
|
(I.R.S. Employer Identification No.) |
12115 Visionary Way, Suite 174, Fishers Indiana, 46038
(Address of principal executive offices)
(317) 855-9926
(Registrant’s telephone number, including area code)
________________________________________________
(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):
☐ 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 (17CFR240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17CFR240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17CFR240.13e-4(c))
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. ☒
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 1, 2025, Royalty Management Holding Corporation (or the “Company”) was informed by Kirk Taylor, the Company’s Chief Financial Officer, that he will resign from such position effective February 1, 2025. Kirk Taylor’s resignation was not because of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices, including accounting principles and practices.
Concurrently, effective February 1, 2025 and in connection with Kirk Taylor’s resignation, the Board appointed Amanda Kruse as the Company’s Chief Financial Officer and Principal Accounting Officer.
Amanda has over 15 years of experience in public accounting and various roles as financial controller and financial accounting. Amanda has implemented several scalable accounting and financial processes to ensure checks and balances and cost controls. Amanda is a graduate of Kelley School of Business at Indiana University in Indianapolis with a Bachelor of Science in Business and a Master of Science in Accounting.
No family relationships exist between Amanda Kruse and any of the Company’s directors or other executive officers. There are no other arrangements between Amanda. Kruse and any other person pursuant to which she was selected as an officer, nor are there any transactions to which the Company is or was a participant and in which Amanda Kruse has a material interest subject to disclosure under Item 404(a) of Regulation S-K.
Item 7.01 Regulation FD Disclosure.
On February 5, 2025, the Company issued a press release announcing the resignation of Kirk Taylor and the appointment of Amanda Kruse as its Chief Financial Officer, a copy of which is furnished with this Current Report on Form 8-K as Exhibit 99.1.
This information is furnished pursuant to Item 7.01 “Regulation FD Disclosure,” and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
The following exhibits are attached hereto and filed herewith.
Exhibit No. |
Description |
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104 |
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Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. |
2 |
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.
| Royalty Management Holding Corporation | |||
| Date: February 5, 2025 | By: | /s/ Thomas M. Sauve | |
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Thomas M. Sauve | |
| Chief Executive Officer | |||
3 |
EXHIBIT 99.1
Royalty Management Holding Corporation Announces the Promotion of
Amanda Kruse to Chief Financial Officer
Current Chief Financial Officer, Kirk Taylor, to remain as company advisor, assisting with
overall company growth and expansion.
February 5, 2025 | Source: Royalty Management Holding Corporation
FISHERS, INDIANA / February 5, 2025 / Royalty Management Holding Corporation (Nasdaq: RMCO) (“Royalty Management” or the “Company”), a forward leaning royalty company building shareholder value by acquiring and developing high value assets in a variety of resource-driven and emerging technology industries is pleased to announce that the Company has appointed Amanda Kruse, the Company’s current controller, to the position of Chief Financial Officer. Concurrently with her appointment, Kirk Taylor has stepped down as Chief Financial Officer and will remain as a consultant and advisor to the Company.
Thomas Sauve, Chief Executive Officer of the Company, stated, “Amanda has been with the company since day one as its Controller and has proven herself more than capable of handling the leadership and duties of the company’s Chief Financial Officer. As she has continued to perform, Kirk Taylor, our prior Chief Financial Officer, and I discussed the possibility of her advancing her position to Chief Financial Officer, with Kirk stepping aside and remaining in a consulting role of the company to help with any ongoing items. She graciously accepted and we are excited to have her assume that role as of February 1, 2025, alongside the Board’s vote of approval.”
About Royalty Management Holding Corporation
Royalty Management Holding Corporation (NASDAQ: RMCO) is a royalty company building shareholder value to benefit both its shareholders and communities by acquiring and developing high value assets in a variety of market environments. The model is to acquire and structure cashflow streams around assets that can support the communities by monetizing the current existing cash flow streams while identifying transitionary cash flow from the assets for the future.
For more information visit www.royaltymgmtcorp.com.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering. No assurance can be given that the offering discussed above will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those that will be set forth in the “Risk Factors” section of the Company’s registration statement and proxy statement/prospectus to be filed with the SEC. Copies will be available on the SEC’s website, www.sec.gov. The information contained in this release is as of the date first set forth above. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Company Contact:
Thomas Sauve
Chief Executive Officer
www.royaltymgmtcorp.com
(646) 245-2465
SOURCE: Royalty Management Holding Corporation