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AI brief of an SEC Form 8-K · NIOCORP DEVELOPMENTS LTD (NB)

NioCorp adopts company-wide annual incentive plan, approves fiscal 2026 payouts

Neutral Impact 2 of 5 shareholder Written later

NioCorp's board ratified a Company-wide annual cash incentive program (AIP) and approved fiscal 2026 AIP payouts for employees, including named executive officers. Payouts to the CEO, CFO and COO total $1.33 million, paid or expected in cash on or about July 15, 2026, and the filing says the company will provide more detail in a later SEC filing.

Key points

  • Board ratified the AIP and fiscal 2026 award payouts on July 2, 2026, on the recommendation of the Compensation Committee.
  • Fiscal 2026 payouts: Mark A. Smith (CEO) $602,784, paid to 76 Resources, LLC; Neal S. Shah (CFO) $345,621; Scott Honan (COO) $378,197.
  • Fiscal 2026 awards weighted 45% on Board-approved corporate milestones, 10% on safety and 45% on individual objectives.
  • No cash bonuses were approved for named executive officers for fiscal 2025.

The filing

CompanyNIOCORP DEVELOPMENTS LTD (NB)
Form8-K, current report
Filed with the SECJul 8, 2026, 4:00 PM ET
Accession number0001539497-26-001924

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 08, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.