Idaho Copper Corp — Form 8-K
Filed August 5, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
Robert Scannell, formerly CFO, appointed Executive Chairman effective immediately; Bruce Harmon, former Controller, appointed CFO. Both signed 5-year employment agreements (effective April 1, 2026) with base compensation: Scannell $350,000/year + 250,000 shares; Harmon $200,000/year + 125,000 shares. Change of control bonuses: Scannell 1%, Harmon 0.25% of sale price. Both receive severance of 24 months base (initial period) or 12 months (renewal period) if terminated without cause.
Why this rating
Routine management restructuring at micro-cap ($13.3M) company; internal promotion with no external counterparty. Equity dilution modest relative to size.
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