---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-015293"
form_type: "8-K/A"
ticker: "RGLD"
cik: "0000085535"
company_name: "ROYAL GOLD INC"
filed_at: "2023-08-28T23:59:59+00:00"
generated_at: "2026-06-11T03:14:16.642756+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Royal Gold sets Sep 14 as COO Mark Isto's retirement; appoints Martin Raffield

## Summary
- Mark Isto retires as EVP & COO of Royal Gold Corp effective Sep 14, 2023; resignation not due to any disagreement.
- Martin Raffield, current VP Operations, appointed principal operating officer effective Sep 14, 2023.
- Raffield's base salary raised to $415,000; awarded $41,000 in equity (RSU and PSU) with vesting over 3 years.
- Board determined to hold annual advisory vote on executive compensation after stockholder support for every-year frequency.

## SEC filing metadata
- accession: 0001558370-23-015293
- form_type: 8-K/A
- ticker: RGLD
- cik: 0000085535
- company_name: ROYAL GOLD INC
- filed_at: 2023-08-28T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/85535/000155837023015293/0001558370-23-015293-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/85535/000155837023015293/rgld-20230524x8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-015293
- JSON: https://secwatch.observer/filing/0001558370-23-015293.json
- Plain text: https://secwatch.observer/filing/0001558370-23-015293.txt

## Key facts
- Executive change
  Martin Raffield was appointed as principal operating officer at ROYAL GOLD INC.
  - Action: appointed
  - Role: principal operating officer
  source text: Also on August 22, 2023, and the Board appointed Dr. Martin Raffield, the Company’s Vice President, Operations, to assume Mr. Isto’s responsibilities as the principal operating officer of the Company, effective September 14, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/85535/000155837023015293/0001558370-23-015293-index.htm
- Executive change
  Mark Isto departed as Executive Vice President and Chief Operating Officer at ROYAL GOLD INC.
  - Action: resigned and retired
  - Role: Executive Vice President and Chief Operating Officer
  source text: On August 22, 2023, the Board accepted Mr. Isto’s resignation and termination of employment effective September 14, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/85535/000155837023015293/0001558370-23-015293-index.htm
- Shareholder Votes
  ROYAL GOLD INC shareholders approved Advisory vote on the frequency of future advisory votes on executive compensation at the 2023-05-25 meeting.
  - Proposal: say on pay frequency
  - Outcome: passed
  - Meeting: 2023-05-25
  source text: The Company held the Annual Meeting on May 25, 2023. Stockholders voted on, and approved, by a nonbinding advisory vote, a proposal that an advisory vote on the compensation of named executive officers be held every year. The voting results on the proposal were as follows: ​ ​ ​ ​ ​ Every Year Two Years Three Years Abstain 52,834,838 78,742 624,466 69,154
  evidence_url: https://www.sec.gov/Archives/edgar/data/85535/000155837023015293/0001558370-23-015293-index.htm

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