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 26, 2012
White Mountain Titanium Corporation
(Exact Name of Registrant as Specified in Charter)
| NEVADA | 333-129347 | 87-057730 |
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
| Augusto Leguia 100, Oficina 812, Las Condes, Santiago Chile | None |
| (Address of principal executive offices) | (Zip Code) |
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:
| £ | Written communications pursuant to Rule 425 under the Securities Act |
| £ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act |
| £ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act |
| £ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act |
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On January 26, 2012, the Board of Directors accepted the recommendation of the Compensation Committee and authorized the issuance of 584,500 shares of common stock under our 2010 Management Compensation Plan to directors and others. The following table sets forth the number of fully vested shares awarded to Chairman, President, Chief Executive Officer, the other directors:
| Name | No. of Shares | |
| John J. May | 30,000 | |
| Wei Lu | 30,000 | |
| Howard M. Crosby | 30,000 | |
| Charles E. Jenkins | 37,500 | |
| Michael P. Kurtanjek | 150,000 | |
| Brian Flower | 150,000 |
Also on January 26, 2012, the Board of Directors accepted the recommendation of the Compensation Committee and approved the granting of options to purchase 50,000 shares each to each of the directors of the Company for services performed during 2011. The options will be issued on the date of our 2012 annual meeting of shareholders and are being awarded under our 2010 Stock Option/Stock Issuance Plan. The exercise price for each option will be $2.15 per share. The options will expire after five years and will be fully vested when granted.
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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.
| White Mountain Titanium Corporation | ||
| Date: January 30, 2012 | By: | /s/ Michael P. Kurtanjek |
| Michael P. Kurtanjek, President | ||
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