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Lion Copper lifts CEO base salary 50% to $375K

Lion Copper & Gold Corp. increased CEO John Banning’s annual base salary to US$375,000, effective retroactively to September 1, 2026.

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

Rhea-AI Filing Summary

LION COPPER & GOLD CORP. (LCGMF) reported a change to executive compensation. On September 14, 2026, the board of directors, following a recommendation from the Compensation Committee, approved an increase in Chief Executive Officer John Banning’s annual base salary from US$250,000 to US$375,000, retroactive to September 1, 2026.

The company states that this salary change does not alter the other material terms of Mr. Banning’s existing employment agreement.

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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.
Prior CEO base salary US$250,000 per year Annual base salary of CEO John Banning before the change
New CEO base salary US$375,000 per year Annual base salary of CEO John Banning after the board’s approval
CEO salary increase percentage 50% Increase from US$250,000 to US$375,000
Approval date September 14, 2026 Date the board of directors approved the CEO salary increase
Effective date for new salary September 1, 2026 Retroactive effective date for the increased CEO base salary
Compensation Committee financial
"upon the recommendation of the Compensation Committee, the Board of Directors"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
annual base salary financial
"approved increasing the annual base salary of the Company's Chief Executive Officer"
Emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What executive compensation change did LCGMF disclose on September 14, 2026?
The board approved increasing CEO John Banning’s annual base salary from US$250,000 to US$375,000, retroactive to September 1, 2026, based on a recommendation from the Compensation Committee.

When is the new CEO salary at LCGMF effective from?
The new annual base salary of US$375,000 for CEO John Banning is effective retroactively to September 1, 2026, even though the board approved it on September 14, 2026.

Does the CEO salary increase at LCGMF change other contract terms?
No. Lion Copper & Gold Corp. states that increasing CEO John Banning’s base salary to US$375,000 does not alter the other material terms of his employment agreement.

Who approved the CEO salary increase at LCGMF?
The Board of Directors of Lion Copper & Gold Corp. approved the CEO salary increase on September 14, 2026, following a recommendation from the company’s Compensation Committee.

What is the percentage increase in LCGMF’s CEO base salary?
CEO John Banning’s annual base salary increased from US$250,000 to US$375,000, which is a 50% increase in his base compensation level.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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false 2026-09-14 0001339688 Lion Copper Corp. 0001339688 2026-09-14 2026-09-14

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): September 14, 2026

LION COPPER CORP.
(Exact name of registrant as specified in its charter)

British Columbia 000-55139 98-1664106
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)

517 West Bridge St., Suite A
 Yerington, Nevada, United States 89447
 (Address of principal executive offices) (ZIP Code)

Registrant’s telephone number, including area code: (775) 463-9600

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 Symbols   Name of each exchange on which registered
—   —   —

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 September 14, 2026, upon the recommendation of the Compensation Committee, the Board of Directors of Lion Copper Corp. (the "Company") approved increasing the annual base salary of the Company's Chief Executive Officer, John Banning, from US$250,000 to US$375,000, retroactive to September 1, 2026.

The foregoing change does not alter the other material terms of Mr. Banning's employment agreement.

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.

      Lion Copper Corp.
Date: September 18, 2026   (Registrant)
     
     
      /s/ Maria Milagros Paredes
      Maria Milagros Paredes
Chief Financial Officer

Source: View Original Filing on SEC EDGAR

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