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  4. [8-K] SILVER BOW MINING CORP. Reports Material Event

Silver Bow CEO granted 150K options, 3,611 RSUs

Board granted key executives stock options and RSUs, vesting over three years with options exercisable at $8.86 and RSUs tied to change in control or board departure.

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

Rhea-AI Filing Summary

Silver Bow Mining Corp. (SBMT) reported that on August 26, 2026, its board granted new equity awards under its long-term incentive plan to key executives. The grants include 150,000 stock options and 3,611 RSUs to CEO C. Travis Naugle, 50,000 options to President Doug Stiles, 10,000 options to CFO Wade Black, and 20,000 options to COO Kevin Shiell.

All options vest in three equal annual installments and are exercisable at US$8.86 per share until August 26, 2031. The 3,611 RSUs for Mr. Naugle vest upon the earlier of a change in control, a sale of a majority of the company’s assets, or his departure from the board.

Positive

  • None.

Negative

  • None.
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.
CEO stock options 150,000 stock options Granted to CEO C. Travis Naugle on August 26, 2026
CEO RSUs 3,611 RSUs Granted to CEO C. Travis Naugle on August 26, 2026
President stock options 50,000 stock options Granted to President Doug Stiles on August 26, 2026
CFO stock options 10,000 stock options Granted to CFO Wade Black on August 26, 2026
COO stock options 20,000 stock options Granted to COO Kevin Shiell on August 26, 2026
Stock option exercise price US$8.86 per share Exercise price for all options granted on August 26, 2026
Option term end date August 26, 2031 Expiration date for the stock options granted to executives
restricted stock units financial
"150,000 stock options and 3,611 restricted stock units (“RSUs”) to Mr."
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.
long-term incentive plan financial
"granted equity awards under the Company’s long-term incentive plan to"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
change in control financial
"will vest upon the earlier of (i) a change in control of the Company"
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.
vest in three equal annual installments financial
"All stock options awarded vest in three equal annual installments"
exercisable at a price financial
"Each stock option is exercisable at a price of US$8.86 per share"

FAQ

What executive equity awards did SBMT grant on August 26, 2026?
Silver Bow Mining Corp. granted 150,000 stock options and 3,611 RSUs to CEO C. Travis Naugle, 50,000 options to President Doug Stiles, 10,000 options to CFO Wade Black, and 20,000 options to COO Kevin Shiell under its long-term incentive plan.

What is the exercise price and term of the new SBMT stock options?
Each stock option granted is exercisable at an exercise price of US$8.86 per share and is exercisable until August 26, 2031, giving a seven-year term from the grant date.

How do the SBMT executive stock options vest?
All stock options granted on August 26, 2026 vest in three equal annual installments, with one-third of each award vesting on each of the first, second, and third anniversaries of the grant date.

What are the vesting conditions for SBMT CEO Travis Naugle’s RSUs?
The 3,611 RSUs granted to CEO C. Travis Naugle vest upon the earlier of (i) a change in control of the company, (ii) a sale of a majority of the company’s assets, or (iii) his departure from the Board.

Which executives at SBMT received equity awards in this 8-K disclosure?
Equity awards were granted to C. Travis Naugle (CEO), Doug Stiles (President), Wade Black (CFO), and Kevin Shiell (COO) under Silver Bow Mining Corp.’s long-term incentive plan.

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

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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) August 26, 2026

 

Silver Bow Mining Corp. 

(Exact name of registrant as specified in its charter)

 

British Columbia   001-43242   98-1858068
(State or other jurisdiction
of incorporation)		   (Commission File Number)   (IRS Employer
Identification Number)

 

1401 Idaho Street 

Butte, Montana  

   59701
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: 406-718-7593

 

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   Name of each exchange on which registered:
Common Shares, no par value   SBMT   NYSE American, LLC

 

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 August 26, 2026, the board of directors (the “Board”) of Silver Bow Mining Corp. (the “Company”) granted equity awards under the Company’s long-term incentive plan to certain of its named executive officers as follows: (i) 150,000 stock options and 3,611 restricted stock units (“RSUs”) to Mr. Travis Naugle, the Company’s Chief Executive Officer; (ii) 50,000 stock options to Mr. Doug Stiles, the Company’s President; (iii) 10,000 stock options to Mr. Wade Black, the Company’s Chief Financial Officer; and (iv) 20,000 stock options to Mr. Kevin Shiell, the Company’s Chief Operating Officer.

 

All stock options awarded vest in three equal annual installments, with one-third of the options vesting on each of the first, second and third anniversaries of the grant date. Each stock option is exercisable at a price of US$8.86 per share until August 26, 2031.

 

All RSUs awarded will vest upon the earlier of (i) a change in control of the Company, (ii) a sale of the majority of the Company’s assets, or (iii) the departure of Mr. Travis Naugle from the Board.

 

Item 9.01 Financial Statements and Exhibits

 

104 Cover Page Interactive Data File--the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.

 

 

 

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 thereunto duly authorized.

 

  SILVER BOW MINING CORP.
     
Date: September 1, 2026 By: /s/ C. Travis Naugle
  C. Travis Naugle
  Chief Executive Officer

 

 

Source: View Original Filing on SEC EDGAR

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