---
schema_version: "secwatch.filing_event.v1"
accession: "0000085535-25-000061"
form_type: "8-K"
ticker: "RGLD"
cik: "0000085535"
company_name: "ROYAL GOLD INC"
filed_at: "2025-03-21T23:59:59+00:00"
generated_at: "2026-05-24T09:29:47.603924+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Royal Gold enters new employment agreements with CEO, CFO, and two SVPs; sets base salaries

## Summary
- CEO William Heissenbuttel base salary set at $918,000; CFO Paul Libner at $492,000; SVPs Raffield and Shefman at $475,000 each.
- Severance on non-CIC termination: lump sum of 1x salary plus 1x bonus plus prorated bonus; on CIC termination: CEO 2.5x salary+bonus, others 1.5x salary+bonus.
- New restrictive covenants prohibit competition and solicitation for 12 months post-termination.
- Replaces prior employment agreements, effective March 17, 2025.

## SEC filing metadata
- accession: 0000085535-25-000061
- form_type: 8-K
- ticker: RGLD
- cik: 0000085535
- company_name: ROYAL GOLD INC
- filed_at: 2025-03-21T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/85535/000008553525000061/0000085535-25-000061-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/85535/000008553525000061/rgld-20250317.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000085535-25-000061
- JSON: https://secwatch.observer/filing/0000085535-25-000061.json
- Plain text: https://secwatch.observer/filing/0000085535-25-000061.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.