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Coronado Global Resources Inc. announced that Chief Executive Officer Douglas G. Thompson will resign effective March 31, 2026, and the Board has reduced its size from seven to six members following his departure.
Effective April 1, 2026, Executive Chair and former CEO Garold Spindler, age 78, will serve as Interim Chief Executive Officer under a new employment agreement dated March 27, 2026. He will receive an annual base salary of $1,250,000, prorated for the portion of 2026 he serves as Interim CEO, and may participate in short-term incentive plans and other executive benefits, but not in any long-term incentive plan. Either party may terminate his employment with 30 days’ written notice, and he is subject to one-year post-termination non-compete and non-solicitation restrictions. Board member Greg Pritchard will become Chair of the Board effective April 1, 2026.
Coronado Global Resources Inc. disclosed that Chief P&S Officer Emma Pollard completed an open-market sale of the company’s equity. She sold 394,736 Chess Depositary Interests (CDIs), which represent 39,473.6 shares of common stock, at a U.S. dollar equivalent price of $2.06 per share.
The transaction was executed on the Australian Securities Exchange in CDI form, with CDIs convertible into common stock on a 10-for-1 basis. Following this sale, Pollard’s reported direct holdings of Coronado common stock are shown as zero shares.
Coronado Global Resources Inc. filed its Annual Report describing 2025 performance as a global producer and exporter of high-quality metallurgical coal from long-life mines in Australia and the U.S. The company reports coal reserves of 478 MMt and additional resources of 491 MMt as of December 31, 2025.
Australian Operations (Curragh) contributed 10.6 MMt of saleable production and 60.8% of total 2025 revenue, while U.S. Operations (Buchanan and Logan) produced 5.3 MMt and generated 39.2% of revenue. Metallurgical coal represented 91.6% of coal revenues, with a diversified customer base led by Tata Steel and key Asian steelmakers.
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.
Coronado Global Resources Inc. furnished materials summarizing its financial results for the fiscal year ended December 31, 2025. The company submitted to the Australian Securities Exchange an Appendix 4E financial report and an ASX announcement containing audited and historical financial information.
Coronado also made an investor presentation on these 2025 results available on its website and attached it to this Form 8-K. All of these exhibits are being furnished, not filed, which affects how they are treated under U.S. securities law and future SEC filings.
Coronado Global Resources Inc. is planning significant leadership changes as Chief Executive Officer and Managing Director Douglas G. Thompson has informed the company of his resignation to pursue new opportunities. He will remain in his role during a transition period while a global search for a new CEO is conducted.
The company also announced that Chief Development Officer Jeffrey D. Bitzer will resign his full-time role effective 28 February 2026, after which he will continue on a part-time basis focusing on major projects. Subject to Board approval, Executive Chair and former CEO Gerry Spindler is planned to serve as Interim CEO, with Greg Pritchard expected to become Interim Chair, supporting continuity as the succession process unfolds.
Coronado Global Resources Inc. Chief Development Officer Jeffrey D. Bitzer reported equity awards and conversions that increased his direct common stock holdings. On February 11, 2026, performance stock units were exercised into 37,150.8 shares of common stock at a stated price of $0.00 per share.
On February 17, 2026, he received an additional 10,014.6 shares of common stock, delivered as 100,146 CHESS Depositary Interests (CDIs) upon PSU vesting, also at a stated price of $0.00 per share. Following these transactions, he directly owns 62,231.7 shares of common stock.
Coronado Global Resources Inc. Chief P&S Officer Emma Pollard reported equity award activity that increased her direct stake in the company. On February 11, 2026, she exercised 194,784 Performance Stock Units, receiving 19,478.4 shares of common stock at a price of $0.0000 per share. On February 17, 2026, she received an additional 7,055.8 shares of common stock as a grant or award, also at $0.0000 per share. After these transactions, her directly held common stock position rose to 39,473.6 shares.
Coronado Global Resources Inc. Executive Chair Garold Spindler reported equity awards and conversions rather than open-market trades. On February 11, 2026, Performance Stock Units were exercised or converted into 92,876.9 shares of common stock at a stated price of $0.00 per share.
Those PSUs, which had been acquired earlier and are linked to CHESS Depositary Interests listed on the Australian Securities Exchange, all vested on February 11, 2026. On February 17, 2026, Spindler also received a grant or award of 30,347.3 shares of common stock, bringing his directly held common stock to 272,670 shares.
Coronado Global Resources Inc. CEO and director Douglas Graham Thompson reported equity awards and conversions that increased his directly held common stock. On February 17, 2026, he received a grant of 19,755.2 shares of common stock at a price of $0.00 per share, bringing his direct common stock ownership to 63,259.8 shares.
On February 11, 2026, 374,845 Performance Stock Units (PSUs) were exercised or converted at $0.00 per unit, resulting in an acquisition of 37,484.5 shares of common stock. Footnotes explain that each PSU represents a right to receive one CHESS Depositary Interest (CDI) listed on the Australian Securities Exchange or, at the compensation committee’s election, cash or shares of Coronado’s common stock.