-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, ACj37xxuNDxLj5+SWskCBQkCTyV9KUvNRf+VX8C4bZwWXWqwwM697vBCGas4xjcz xPYkehvW7GFa71HIPToheg== 0001172665-07-000008.txt : 20070108 0001172665-07-000008.hdr.sgml : 20070108 20070108172201 ACCESSION NUMBER: 0001172665-07-000008 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070101 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Unregistered Sales of Equity Securities ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Other Events FILED AS OF DATE: 20070108 DATE AS OF CHANGE: 20070108 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GLOBAL GOLD CORP CENTRAL INDEX KEY: 0000319671 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] IRS NUMBER: 133025550 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 002-69494 FILM NUMBER: 07518359 BUSINESS ADDRESS: STREET 1: 734 FRANKLIN ST STREET 2: SUITE 393 CITY: GARDEN CITY STATE: NY ZIP: 11530 BUSINESS PHONE: 5167738975 FORMER COMPANY: FORMER CONFORMED NAME: TRIAD ENERGY CORP /NY/ DATE OF NAME CHANGE: 19951120 8-K 1 form8k.txt CURRENT REPORT 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) January 1, 2007 Global Gold Corporation (Exact name of registrant as specified in its charter) Delaware 02-69494 13-3025550 -------- -------- ---------- (State or other jurisdiction (Commission (IRS of incorporation) File Number) Identification No.) 45 East Putnam Avenue, Greenwich, CT 06830 ---------------------------------------- ----- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (203) 422-2300 (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 (see General Instruction A.2. below): [ ] 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 133-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 1.01 Entry into a Material Definitive Agreement. As of January 1, 2007, Global Gold Corporation (the "Company") entered an employment agreement with Hrayr Agnerian, designating him as the Company's Senior Vice President for Exploration and Development. Mr. Agnerian formerly worked at Scott Wilson Roscoe Postle Associates Inc. (Scott Wilson RPA), and is no longer an employee of Scott Wilson RPA. The employment agreement provides that Mr. Agnerian will receive an annual base salary of $62,500, and is entitled to receive any bonus as determined in accordance with any plan approved by the Board of Directors. Mr. Agnerian resigned from the Board of Directors effective December 31, 2006. The employment agreement is for an initial term of two years, terminating on December 31, 2008. Pursuant to employment agreement, Mr. Agnerian was also granted (i) Eighty Three Thousand Three Hundred Thirty Four (83,334) shares of the common stock of Global Gold Corporation pursuant to the terms of the Restricted Stock Award to vest in four equal installments of 20,834 shares every six months, commencing on June 1, 2007 and (ii) options to acquire Eighty Three Thousand Three Hundred Thirty Four (83,334) shares of common stock of Company at the rate of 41,667 per year from January 1, 2007 through January 1, 2008 (totaling 83,334) at $0.88 per share (the arithmetic mean of the high and low prices of the Company's stock on December 29, 2006), to vest in two equal installments of 41,667 shares each on January 1, 2007 and January 1, 2008. The restricted stock and options are subject to a substantial risk of forfeiture upon termination of his employment with the Company during the term of the Agreement and the option grant was made pursuant to the Global Gold Corporation 2006 Stock Incentive Plan. The foregoing descriptions of the Employment Agreement with Mr. Agnerian is qualified in its entirety by reference to the actual terms of the agreement which will be filed as an exhibit to Form 10-QSB of the Company to be filed with the Securities and Exchange Commission covering this reporting period. Item 3.02 Unregistered Sales of Equity Securities. The information in item 1.01 is incorporated by reference. Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. The information in item 1.01 is incorporated by reference. Mr. Agnerian's departure from the Board of Directors to assume the Senior Vice President position also included his departure from the Board's Audit and Compensation Committees. As of January 1, 2007, the Board of Directors consists of Messrs. Drury Gallagher, Van Krikorian, Ian Hague, Harry Gilmore, and Nicholas Aynilian, and the Audit and Compensation Committees are composed of the three independent directors, Messrs. Nicholas Aynilian, Harry Gilmore, and Ian Hague. Item 8.02 Other Events. The information provided in item 1.01 is incorporated herein by reference. In addition, in a press release issued January 5, 2007 the Company announced Mr. Agnerian's new position. Exhibit No. 99.1 Press Release 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. Dated: January 8, 2007, Global Gold Corporation By: /s/Drury J. Gallagher --------------------- Name: Drury J. Gallagher Title: Chairman, Chief Executive Officer and Treasurer EX-99.1 2 ex991.txt PRESS RELEASE Global Gold Corporation GLOBAL GOLD APPOINTS HRAYR AGNERIAN SENIOR VICE PRESIDENT Greenwich, Connecticut --- January 4, 2007--- Global Gold Corporation (OTCBB - GBGD ) (www.globalgoldcorp.com ) is pleased to announce the appointment of Toronto based geologist Hrayr Agnerian of Scott Wilson Roscoe Postle Associates, Inc. to the position of Senior Vice President for Exploration and Development. Mr. Agnerian has been a member of the board of directors of Global Gold, but agreed to step down from the board as of December 31, 2006 to maintain an independent board of directors. He brings over thirty years experience in the international mining and exploration field with a substantial background in uranium properties. Prior to joining Scott Wilson Roscoe Postle, Mr. Agnerian was a District Geologist with the Saskatchewan Mining Development Corporation (now Cameco Corporation), where he was responsible for organization and management of exploration projects and monitoring of exploration joint ventures. He has also worked as a Senior Project Geologist with senior and junior mining companies. Mr. Agnerian is fluent in Armenian, French, and Spanish. He has a working knowledge of Arabic, Dutch, Italian, Portuguese, Russian and Turkish. Mr. Agnerian has extensive experience in mineral exploration activities, from project generation through management. He has worked in a variety of geological environments across Canada, as well as in Kazakhstan, Armenia, Brazil, Chile, Cuba, Guyana, Kenya, Lebanon, Mali, Mexico, Panama, Peru, Portugal, Russia, South Africa, Spain, Suriname, Tanzania, the United States and Venezuela. As a Consulting Geologist since 1987, Mr. Agnerian has worked on a variety of projects involving estimation of Mineral Resources and Mineral Reserves of gold, massive sulphide and uranium deposits, gemstones and industrial minerals. Mr. Agnerian has a B.Sc. Degree from the American University of Beirut in Lebanon, a Diploma in Mining Exploration from Delft, the Netherlands, and a M.Sc. (Applied) Degree from McGill University. He is a member of several professional associations and has published on the uranium deposits of the Athabaska Basin in Saskatchewan, the Vezza Gold Deposit in northwestern Quebec, the copper, gold and silver deposits of Chile, the Contour Method of estimating resources and valuation of exploration properties. Global Gold Corporation is an international gold mining, development and exploration company with mining properties in Chile and Armenia. Global Gold Corporation is located at 45 East Putnam Avenue, Greenwich, CT 06830. The phone number is 203-422-2300. More information can be found at www.globalgoldcorp.com. Global Gold Corporation o 45 East Putnam Avenue o Greenwich, CT 06830 Phone: 203.422.2300 o Fax: 203.422.2330 To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made. Contact: Andrew Barwicki--abarwicki@globalgoldcorp.com 203-422-2320 Global Gold Corporation o 45 East Putnam Avenue o Greenwich, CT 06830 Phone: 203.422.2300 o Fax: 203.422.2330 -----END PRIVACY-ENHANCED MESSAGE-----