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) June 6, 2014
GOLD AND GEMSTONE MINING INC.
(Exact name of registrant as specified in its charter)
Nevada
(State or other jurisdiction of incorporation)
000-54700
(Commission File Number)
98-0642269
(IRS Employer Identification No.)
4020 N MacArthur Blvd Suite 122, Irving, Texas 75038
(Address of principal executive offices and Zip Code)
972-655-9870
Registrant's telephone number, including area code
N/A
(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:
[ ] 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 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Compensatory Arrangements of Certain Officers.
At a meeting held on June 2nd, 2014, the Human Resources Committee (the “Committee”) of the Board of Directors (the “Board”) of Gold and Gemstone Mining, Inc. (the “Company”) took the following actions with regard to certain compensatory arrangements for certain of the Company’s senior management personnel, including its Executive Officers, in accordance with its 2014 Fiscal Year Award Program for Executive Officers (the “2014 Program”).
Item 11. Executive Compensation
Pursuant to Item 402(a)(5) of Regulation S-K, we have include the table and columns to compensation to be awarded to, earned by, paid to these individuals.
None of our directors or executive officers has received any compensation from our company in the last two fiscal years.
2014 Summary Compensation Table
| Name and Principal Position | Year | Salary (1) | Bonus (2) | Stock Awards (3) | Option Awards (3) | All Other Compensation (4) | Total | ||||||
| Rafael A Pinedo | 2014 | $ | 120,000 | $ | 500,000 | $ | -- | $ | 1,982,925 | $ | Null | $ | 2,602,925 |
| President and CEO | 2013 | $ | Null | $ | Null | $ | -- | $ | Null | $ | Null | $ | Null |
| Ivan Mondragon | 2014 | $ | 30,000 | $ | 150,000 | $ | -- | $ | 60,500 | $ | Null | $ | 240,500 |
| Vice President Mexico Operations | 2013 | $ | Null | $ | Null | $ | -- | $ | Null | $ | Null | $ | Null |
| Eduardo Salinas F | 2014 | $ | 30,000 | $ | 350,000 | $ | -- | $ | Null | $ | Null | $ | 380,000 |
| Vice President and CFO | 2013 | $ | Null | $ | Null | $ | -- | $ | Null | $ | Null | $ | Null |
| Name and Position |
| Award |
|
|
| |
| Rafael A Pinedo, President and CEO |
| $2,602,925 |
|
|
| |
| Ivan Mondragon, Vice President, GM Mexico Operations |
| $240,500 |
|
|
| |
| Eduardo Salinas F, Vice President and Chief Financial Officer |
| $380,000 |
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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.
GOLD AND GEMSTONE MINING INC.
/s/ Rafael A. Pinedo
Rafael A. Pinedo
President and Director
Date: Jun 5th, 2014
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