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Coronado Global (CODQL) shifts CDO Jeffrey Bitzer to 6‑month part-time role

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Coronado Global Resources Inc. detailed a transition arrangement for its departing Chief Development Officer, Jeffrey D. Bitzer. His previously announced resignation becomes effective February 28, 2026, but he will continue in a part-time role.

On February 26, 2026 (February 27, 2026 in Australia), the company and Mr. Bitzer entered into a part-time Employment Agreement effective March 1, 2026 for a six-month transition period. He will assist the Board and management on various initiatives, programs and transactions, receive $27,000 per month, and remain eligible for standard employee benefits.

Mr. Bitzer will retain his incentive units in Coronado Group LLC and his outstanding Performance Share Units under the company’s equity incentive plan, which can still vest based on performance. He will also remain eligible for a short-term incentive payment under the company’s 2025 short-term incentive program, payable in March 2026, and has agreed to a general release while continuing to be bound by non-disclosure and confidentiality provisions.

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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 26, 2026

 

Coronado Global Resources Inc.

(Exact name of registrant as specified in its charter)

 

Delaware

(State or other jurisdiction
of incorporation)

000-56044

(Commission
File Number)

83-1780608

(IRS Employer
Identification No.)

 

Level 33, Central Plaza One, 345 Queen Street

Brisbane, Queensland, Australia

(Address of principal executive offices)

4000
(Zip Code)

 

Registrant’s telephone number, including area code: (61) 7 3031 7777
 

Not Applicable

(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
None None None

 

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. ¨

 

 

 

 

 

 

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

 

As previously disclosed, Jeffrey D. Bitzer will resign as Chief Development Officer of Coronado Global Resources Inc. (the “Company”), effective February 28, 2026.

 

On February 26, 2026 (February 27, 2026 in Australia), Mr. Bitzer and the Company entered into a part-time Employment Agreement (the “Agreement”), effective March 1, 2026 (the “Effective Date”), pursuant to which Mr. Bitzer will assist the Board of Directors and certain members of management on various initiatives, programs and transactions for a transition period of six months after the Effective Date. Pursuant to the Agreement, Mr. Bitzer will be eligible to receive $27,000 per month and will be eligible to participate in the same benefits offered to active employees. Mr. Bitzer will retain his incentive units in Coronado Group LLC and outstanding Performance Share Units under the Company’s equity incentive plan, which will remain eligible to vest subject to actual achievement of the applicable performance metrics. He will also remain eligible to receive a short-term incentive payment under the Company’s 2025 short-term incentive program, which will be paid in March 2026. Mr. Bitzer has also agreed to execute a general release agreement provided by the Company. Mr. Bitzer will continue to be bound by customary non-disclosure and confidentiality provisions.

 

 

 

 

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.

 

  Coronado Global Resources Inc.
   
  By: /s/ Philip Peacock
  Name: Philip Peacock
  Title: Chief Legal Officer
   
  Date: March 2, 2026

 

 

 

FAQ

What leadership change did Coronado Global Resources (CODQL) announce?

Coronado Global Resources announced that Chief Development Officer Jeffrey D. Bitzer will resign effective February 28, 2026. He will then move into a part-time role for six months, supporting the Board and management on various initiatives, programs and transactions during the transition period.

What are the key terms of Jeffrey Bitzer’s new part-time role at CODQL?

Under the new part-time Employment Agreement, Jeffrey Bitzer will earn $27,000 per month and may participate in the same benefits as active employees. The role begins March 1, 2026 and continues for six months, focused on assisting the Board and certain management members.

How long will the Coronado Global Resources transition period for its CDO last?

The transition period for Coronado Global Resources’ Chief Development Officer will last six months starting March 1, 2026. During this time, Jeffrey Bitzer will work part-time, helping with initiatives, programs and transactions after his formal resignation as an executive officer.

What incentive compensation will Jeffrey Bitzer retain at Coronado Global Resources (CODQL)?

Jeffrey Bitzer will retain his incentive units in Coronado Group LLC and his outstanding Performance Share Units under the company’s equity incentive plan. These awards remain eligible to vest based on achievement of performance metrics outlined in the applicable incentive arrangements.

Is Jeffrey Bitzer still eligible for Coronado Global’s 2025 short-term incentive?

Yes. Jeffrey Bitzer remains eligible to receive a short-term incentive payment under Coronado Global Resources’ 2025 short-term incentive program. The payment is expected to be made in March 2026, consistent with the company’s schedule for that program’s incentive payouts.

What legal and confidentiality commitments apply to Jeffrey Bitzer after his role change at CODQL?

Jeffrey Bitzer has agreed to execute a general release agreement provided by Coronado Global Resources. He will also continue to be bound by customary non-disclosure and confidentiality provisions, helping protect the company’s proprietary information throughout and after the transition period.

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