- Current report filing (8-K)
October 26 2010 - 4:05PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 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) October 26, 2010
SEARCHLIGHT
MINERALS CORP.
|
(Exact
Name of Registrant as Specified in Its Charter)
|
|
Nevada
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(State
or Other Jurisdiction of
Incorporation)
|
000-30995
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98-0232244
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(Commission
File Number)
|
(IRS
Employer Identification No.)
|
#120 - 2441 West Horizon Ridge
Pkwy
.
Henderson
,
Nevada
|
89052
|
(Address
of Principal Executive Offices)
|
(Zip
Code)
|
(702)
939-5247
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(Registrant's
Telephone Number, Including Area Code)
|
|
|
(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 (SEE General Instruction A.2. below):
o
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|
o
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
o
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
|
o
|
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
Appointment
of Director
Effective
October 26, 2010, the Board of Directors of Searchlight Minerals Corp., a Nevada
corporation (the “Company”), appointed Michael Conboy to serve as an independent
Class I Director of the Board of Directors until the Company’s next annual
meeting of the stockholders. It is anticipated that he will serve on
the Company’s Audit, Compensation and Disclosure Committees.
Since
2003, Mr. Conboy has worked at Luxor Capital Group, LP, an investment management
firm based in New York, New York, and currently serves as its Director of
Research. Luxor Capital Group, LLC is one of the Company’s principal
stockholders. From 2000-2003, Mr. Conboy worked as a distressed
investments analyst at ING in New York and London for ING’s internal proprietary
desk, where he was actively involved in numerous
restructurings. Since 2010, he also has served as the Chairman of the
Board of Directors of CML Metals Corp., which is focused on redeveloping the
Comstock/Mountain Lion iron ore mine in southwestern Utah. Mr. Conboy
also serves as a director of Innovate Loan Servicing Corporation, a finance
company focused on the subprime auto loan sector. Mr. Conboy earned
his B.S. in Business Administration from Georgetown University. As an
investment banker and an executive with experience in working with natural
resource companies, we believe that Mr. Conboy contributes his leadership
skills, knowledge, finance and industry background, and business experience to
our Board of Directors. In addition, we believe that Mr. Conboy’s
membership on our Board of Directors helps to achieve the objective that its
membership be composed of experienced and dedicated individuals with diversity
of backgrounds, perspectives, skills and other individual qualities that
contribute to board heterogeneity.
Mr.
Conboy will not receive any compensation for his services as a member of the
Board of Directors.
ITEM
7.01
REGULATION FD
DISCLOSURE
On October 26, 2010, the Company issued
a press release, which is attached hereto as Exhibit 99.
ITEM
9.01
FINANCIAL STATEMENTS
AND EXHIBITS
(d) Exhibits
Exhibit
99
|
Press Release dated October 26,
2010, issued by Searchlight Minerals
Corp.
|
SIGNATURE
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, thereunto
duly authorized.
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SEARCHLIGHT
MINERALS CORP.
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|
|
|
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By:
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/s/
Martin B. Oring
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Martin
B. Oring
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President
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EXHIBIT INDEX
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Exhibit
No.
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Description
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99
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Press Release dated October 26,
2010, issued by Searchlight Minerals
Corp.
|
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