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): July 18, 2011
White Mountain Titanium Corporation
(Exact Name of Registrant as Specified in Charter)
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NEVADA
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333-129347
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87-057730
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(State or Other Jurisdiction of Incorporation)
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Commission File Number
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(IRS Employer Identification No.)
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Augusto Leguia 100, Oficina 812, Las Condes, Santiago Chile
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None
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(Address of principal executive offices)
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(Zip Code)
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Registrant’s telephone number, including area code: (56 2) 657-1800
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:
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Written communications pursuant to Rule 425 under the Securities Act
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
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Item 5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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On July 18, 2011, the Board of Directors accepted the recommendation of the Compensation Committee and granted stock compensation to the Board of Directors for past services over the prior forty-eight months. The shares were granted pursuant to our 2010 Stock Option/Stock Issuance Plan. The following table sets forth the number of shares granted to each director:
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Name
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Number of Shares
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Services
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Charles E. Jenkins
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100,000
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Services as director
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Michael P. Kurtanjek
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100,000
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Services as director
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Brian Flower
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100,000
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Services as director
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Howard M. Crosby
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100,000
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Services as director
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John J. May
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100,000
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Services as director
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100,000
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Services as independent committee member
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Wei Lu
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100,000
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Services as director
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100,000
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Services as independent committee member
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In addition, on July 18, 2011, the Board of Directors established the following milestones for additional stock grants to management:
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Name
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Number of Shares
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Milestone
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Michael P. Kurtanjek
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200,000
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Signing of first definitive material off-take agreement
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300,000
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Signing of first definitive material strategic alliance agreement(s) and/or arrangement of project capital
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Brian Flower
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200,000
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Signing of first definitive material off-take agreement
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300,000
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Signing of first definitive material strategic alliance agreement(s) and/or arrangement of project capital
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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.
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White Mountain Titanium Corporation
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Date: July 18, 2011
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By
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/s/ Brian Flower
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Brian Flower, Chairman
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