Greenland Energy Co (GLND) filed a Form 8K - Other Events - with the U.S Securities and Exchange Commission on July 06, 2026.
On July 3, 2026, the Board of Directors (the "Board") of Greenland Energy Company, a Texas corporation (the "Company"), approved the designation of Mr. Roderick McIllree with the board-level title of "Managing Director" of the Company, effective as of July 3, 2026. The designation is not an appointment as an officer or employee of the Company under Article V of the Company's Amended & Restated Bylaws or under the Texas Business Organizations Code (the "TBOC").
In his capacity as Managing Director, Mr. McIllree will provide Board-level strategic oversight and direction with respect to the Company's activities in Greenland, with a primary focus on permitting, regulatory engagement and stakeholder relations in support of the Company's planned exploration program at the Jameson Land Basin project in East Greenland (the "Jameson Project"). Mr. McIllree will serve as the Board's principal point of contact for the Company's interactions with Greenlandic authorities and local stakeholders, including with respect to the Environmental Impact Assessment, Social Impact Assessment, field activities application and drilling permit processes, which the Company intends to conduct in accordance with, and with respect for, applicable Greenland regulations.
Mr. McIllree currently serves as an independent, non-employee member of the Board. The Board has determined that Mr. McIllree's designation as Managing Director (a) does not constitute an appointment as an "officer" of the Company within the meaning of Article V of the Company's Amended & Restated Bylaws, Section 1.002(61) of the TBOC, or Rule 16a-1(f) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), (b) does not establish an employment relationship between Mr. McIllree and the Company, (c) does not affect Mr. McIllree's status as an "independent director" under Rule 10A-3 of the Exchange Act and applicable stock exchange listing standards, including NASDAQ Listing Rule 5605(a)(2), and (d) does not disqualify Mr. McIllree from service on any committee of the Board for which independence is required. Mr. McIllree will not receive any salary, wages, or other employee compensation in connection with his designation as Managing Director; any compensation paid to Mr. McIllree in connection with his service in such capacity will be paid solely in the form of director fees or other non-employee director compensation as approved by the Board or an authorized committee thereof.
The full text of this SEC filing can be retrieved at: https://www.sec.gov/Archives/edgar/data/2093507/000182912626007235/greenlandenergy_8k.htm
Any exhibits and associated documents for this SEC filing can be retrieved at: https://www.sec.gov/Archives/edgar/data/2093507/000182912626007235/0001829126-26-007235-index.htm
Public companies must file a Form 8-K, or current report, with the SEC generally within four days of any event that could materially affect a company's financial position or the value of its shares.