Hycroft Mining elevates GC, boosts pay package
Rhea-AI Filing Summary
Hycroft Mining Holding Corp. (HYMC) reported that its Board appointed Rebecca A. Jennings, previously Senior Vice President, General Counsel, and Corporate Secretary, to Executive Vice President, General Counsel, and Corporate Secretary effective August 27, 2026. The Compensation Committee approved an amendment to her employment agreement reflecting higher compensation and enhanced severance protection.
Ms. Jennings’ annual base salary was increased to $450,000, and her target annual cash incentive bonus was set at 80% of base salary, with a payout opportunity from 0% to 200% of target. Non–change in control severance on a termination without cause or for good reason now includes a cash payment of 1.5× base salary and 18 months of subsidized medical benefits. Upon a qualifying termination within 90 days before or one year after a change in control, severance includes 2× base salary, 2× the Employment Agreement “Annual Bonus” amount, and 24 months of subsidized medical coverage. She also received a special grant of RSUs with a target grant date value of $239,500, vesting in installments of 33%, 33%, and 34% over three years.
Positive
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8-K Event Classification
2 items: 5.02, 9.01
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 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Annual base salary: $450,000
Target annual cash incentive bonus: 80% of base salary
Non-change in control severance multiple: 1.5× base salary
+5 more
8 metrics
Annual base salary
$450,000
Revised base salary for Rebecca A. Jennings under amended employment agreement
Target annual cash incentive bonus
80% of base salary
Bonus target for Rebecca A. Jennings with 0%–200% of target opportunity
Non-change in control severance multiple
1.5× base salary
Cash severance on termination without cause or for good reason outside change in control
Non-change in control medical benefits period
18 months
Subsidized medical benefits period under non-change in control severance
Change in control severance salary multiple
2× base salary
Cash severance on qualifying termination around a change in control
Change in control severance bonus multiple
2× Annual Bonus
Additional cash severance based on Annual Bonus amount in existing agreement
Change in control medical benefits period
24 months
Subsidized medical coverage on qualifying termination around a change in control
RSU target grant date value
$239,500
Special restricted stock unit grant in connection with promotion
Key Terms
change in control, good reason, restricted stock units, Annual Bonus, +1 more
5 terms
change in control financial
"within 90 days prior to or one year after a “change in control”"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
good reason financial
"termination without “cause” or for “good reason” to provide for a cash payment"
restricted stock units financial
"received a special grant of restricted stock units (“RSUs”) under the Company’s 2025"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Annual Bonus financial
"a cash payment equal to 2 times the applicable “Annual Bonus” amount described"
Performance and Incentive Pay Plan financial
"under the Company’s 2025 Performance and Incentive Pay Plan in connection"
FAQ
What executive change did HYMC announce for Rebecca A. Jennings?
Hycroft Mining Holding Corp. appointed Rebecca A. Jennings as Executive Vice President, General Counsel, and Corporate Secretary effective August 27, 2026, promoting her from her prior role as Senior Vice President, General Counsel, and Corporate Secretary.
What is Rebecca A. Jennings’ new base salary at HYMC?
Rebecca A. Jennings’ annual base salary was increased to $450,000 under her amended employment agreement with Hycroft Mining Holding Corp., effective with her promotion to Executive Vice President, General Counsel, and Corporate Secretary.
What bonus opportunity does HYMC’s amended agreement provide to Rebecca A. Jennings?
The amended agreement sets Rebecca A. Jennings’ target annual cash incentive bonus at 80% of base salary, with a total bonus opportunity ranging from 0% to 200% of that target amount, depending on performance.
What severance is provided to Rebecca A. Jennings by HYMC outside a change in control?
On a termination without cause or for good reason not tied to a change in control, Rebecca A. Jennings is entitled to a cash payment equal to 1.5× base salary plus 18 months of subsidized medical benefits.
How does a change in control affect Rebecca A. Jennings’ severance at HYMC?
If Rebecca A. Jennings is terminated without cause or resigns for good reason within 90 days before or one year after a change in control, she receives 2× base salary, 2× the “Annual Bonus” amount, and 24 months of subsidized medical coverage.
What RSU grant did HYMC award to Rebecca A. Jennings?
Hycroft Mining granted Rebecca A. Jennings restricted stock units with a target grant date value of $239,500, vesting in three annual installments of 33%, 33%, and 34% on the first, second, and third anniversaries of the grant date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
