The management structure of URHG has been reorganized, mclawhon. As best I can tell, it looks like the changes that began in November after the October 23 shareholder meeting have continued through January. If I read it right, looks like like the company officers have been put into a more rational or efficient business setup. (It could be that the management which created United Milling and Dun Glen, navigated through exploration and the permit process, then opened the mine, etc., needed to be modified to be able to plan and run the next phase of the business - but I am just speculating about that).
When I look back at the time the October 23rd meeting was held, there were 5 Directors on the Board: Mark Kersey was the President of the Board and the others were Kilroy, Low, Mahoney, and Quinn. The officers running the company were Kersey as President and CEO, Kilroy was VP, Secretary, and also President of United Milling. Mahoney was the CFO and Treasurer, I think. Essentially, the Board was also the Company, and Mark had the head role in both.
Kersey was voted out by shareholders at that meeting in one role, then in November or December he resigned his other roles in the company, too. That left Kilroy to become President of the Board , President of URHG, CEO of URHG, and President of United Milling. And he may have still been Secretary, too, but I don't know. Kersey's place on the Board was filled by Ken Barker, who came in from the outside. Barker also took Kilroy's VP spot in the company when Kilroy moved upstairs to become President and CEO of URHG.
This makes me think that when Kersey left it meant it would take a couple of months to get things in order rather than just a couple of weeks as shareholders might have expected.
The latest table of organization I see (which is a little confusing, so I may not have this exactly right) now has 5 people on the Board of Directors. Kilroy is the President of the Board, and the 4 other Directors are Barker, Low, Mahoney and Quinn. Kilroy is no longer an officer in URHG. He is now listed as the company's General Counsel, though I assume he is still President of United Milling, which is a URHG subsidiary. Mahoney is no longer an officer either. He was replaced as CFO but remains on the Board of Directors.
The officers who are now running the company are Barker as President, Low as COO, and Travis Capson (apparently brought in from the outside) as CFO, Treasurer, and Secretary. I imagine they would confer with Kilroy (General Counsel) on legal matters.
Back in November, the company had two immediate goals; replacing Kersey per the shareholder meeting and finding $3 million in financing. It looks like the reorganization is now in place (though it took a while) so I think the test for this team will be to get the funding and then run the business well.
