Hallador Energy (NASDAQ: HNRG) forms new Board Risk Committee and names chair

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Hallador Energy Company created a new standing Risk Committee of its Board of Directors, effective May 1, 2026. Director Daniel Hudson was appointed as Chair of this committee.

As Chair, Mr. Hudson will receive an additional annual cash retainer of $25,000, on top of the standard $200,000 annual Board retainer for non-employee directors. The Risk Committee will help the Board oversee the company’s enterprise risk management framework, including strategic, operational, financial, market, and cybersecurity risks, and is intended to strengthen governance in support of long-term strategic objectives and potential financing activities.

8-K Event Classification

2 items: 5.02, 8.01

2 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Key Figures

Risk Committee chair retainer: $25,000 annual cash Standard Board retainer: $200,000 annual cash Form type: Form 8-K +1 more

4 metrics

Risk Committee chair retainer $25,000 annual cash Additional annual cash retainer for Chair of Risk Committee

Standard Board retainer $200,000 annual cash Standard annual Board retainer for non-employee directors

Form type Form 8-K Current report under Securities Exchange Act of 1934

Effective Board approval date May 1, 2026 Date Board approved formation of Risk Committee

Key Terms

Risk Committee, enterprise risk management framework, cybersecurity risks, non-employee directors

4 terms

Risk Committee financial

"the Board approved the formation of a new standing committee of the Board titled the Risk Committee"

A risk committee is a group, usually part of a company’s board or senior leadership, tasked with spotting, assessing and guiding how the company manages threats to its finances, operations and compliance—think of it as a regular safety inspection for the business. Investors care because the committee’s work influences how likely the company is to avoid big losses, regulatory trouble or surprises that can hurt earnings and share value.

enterprise risk management framework financial

"to assist the Board in its oversight of the Company’s enterprise risk management framework"

cybersecurity risks technical

"including strategic, operational, financial, market, and cybersecurity risks"

Cybersecurity risks are threats that can disrupt a company’s digital systems, steal sensitive data, or disable operations—like a burglar breaking into a store but targeting computer networks and information instead of physical goods. Investors care because such incidents can lead to direct financial losses, legal penalties, damaged reputation, and costly repairs, all of which can reduce revenue and lower a company’s stock value.

non-employee directors financial

"in addition to the standard annual Board retainer of $200,000 payable to non-employee directors"

Understanding 8-K Material Events →

05/06/2026 - 05:10 PM

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): May 1, 2026

Hallador Energy Company

(Exact name of registrant as specified in its charter)


Colorado	001-34743	84-1014610
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1183 East Canvasback Drive, Terre Haute, Indiana 47802

(Address, including zip code, of principal executive offices)

Registrant’s telephone number, including area code: (812) 299-2800

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	Name of each exchange on which registered
Common Shares, $.01 par value	HNRG	Nasdaq

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.

On May 1, 2026, the Board of Directors (the “Board”) of the Company approved the formation of a new standing committee of the Board titled the Risk Committee (the “Committee”) and appointed Daniel Hudson to serve as Chair of the Committee.

In connection with his service as Chair of the Committee, Mr. Hudson will receive an additional annual cash retainer of $25,000. This retainer is in addition to the standard annual Board retainer of $200,000 payable to non-employee directors.

Item 8.01 Other Events

On May 1, 2026, the Board approved the formation of the Risk Committee to assist the Board in its oversight of the Company’s enterprise risk management framework, including strategic, operational, financial, market, and cybersecurity risks. The establishment of the Committee is intended to enhance the Company’s governance practices in support of its long-term strategic objectives and potential financing activities.

The responsibilities of the Committee include, among other things:

●

Reviewing and overseeing the Company’s enterprise risk management policies and practices.

●

Monitoring compliance with applicable laws, regulations, and Company policies relating to risk management and mitigation.

●

Overseeing the identification, assessment, and management of key risks facing the Company, including operational, financial, market, and cybersecurity risks.

●

Advising the Board on strategic initiatives and risk exposures within the Committee’s scope of responsibility; and

●

Performing such other duties and responsibilities as may be delegated by the Board from time to time.

The Board appointed the following directors and officers to serve on the Committee:

●

Daniel Hudson (Chair)

●

Barbara Sugg

●

Brent Bilsland

●

Elliott Batson

●

Todd Telesz

SIGNATURE

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.


		Hallador Energy Company



May 6, 2026	By:	/s/ERIC VAN DEMAN
		Eric Van Deman Chief Accounting Officer

Source: View Original Filing on SEC EDGAR

FAQ

What governance change did Hallador Energy Company (HNRG) make in this 8-K?

Hallador Energy Company created a new standing Risk Committee of its Board of Directors. The committee is intended to enhance governance by focusing on enterprise risk management across strategic, operational, financial, market, and cybersecurity areas, aligning oversight with the company’s long-term strategic objectives and potential financing activities.

Who chairs Hallador Energy’s new Risk Committee and how are they compensated?

Director Daniel Hudson was appointed Chair of Hallador Energy’s Risk Committee. For this role, he will receive an additional annual cash retainer of $25,000, which is paid on top of the standard $200,000 annual Board retainer for non-employee directors disclosed in the filing.

What is the purpose of Hallador Energy’s Risk Committee mentioned in the 8-K?

The Risk Committee will assist Hallador Energy’s Board in overseeing the company’s enterprise risk management framework. Its scope includes strategic, operational, financial, market, and cybersecurity risks, with the committee intended to support long-term strategic objectives and potential financing activities through strengthened Board-level risk oversight.

How does Hallador Energy describe the impact of the new Risk Committee on governance?

Hallador Energy states that establishing the Risk Committee is intended to enhance the company’s governance practices. By focusing on enterprise risk management, the committee aims to better align Board oversight with long-term strategic objectives and potential financing activities, particularly around risk areas such as markets, operations, and cybersecurity.

Does the Hallador Energy (HNRG) 8-K disclose any financial performance data?

No financial performance or earnings figures are included in this 8-K. The filing focuses on Board-level governance changes, specifically the creation of a Risk Committee, appointment of Daniel Hudson as Chair, and disclosure of the additional annual cash retainer associated with that leadership role.

Filing Exhibits & Attachments

4 documents