Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

A-Mark Precious Metals, Inc. (the "Company") has appointed Brian Aquilino to the newly-created position of Chief Operating Officer, effective March 9, 2020. As Chief Operating Officer, Mr. Aquilino is now responsible for the alignment of business unit priorities and ensuring operational excellence across the Company and its business units. Mr. Aquilino will report to Gregory Roberts, the Company's Chief Executive Officer.

Mr. Aquilino, age 48, joined the Company in 2001, and most recently has served as Vice President of Operations since 2010. Mr. Aquilino has over 25 years of operations experience, and received a Bachelor of Arts degree from the University of Denver Expected terms of a new employment agreement between the Company and Mr. Aquilino will include:

1. Base salary of $275,000 per year.

2. Signing bonus equal to $25,000.




3.     Target bonus for fiscal years 2020, 2021, 2022 and 2023 equal to 50% (25%
       for fiscal year 2020) of base salary, based on achievement of individual
       and company-wide performance goals.

4. Term ending June 30, 2023.




5.     Grant of option to purchase 30,000 shares of common stock at 100% of the
       fair market value per share on the grant date, vesting at the end of the
       employment term, with a maximum term of ten years. The option will be
       granted upon signing of the employment agreement.


It is expected that the employment agreement will be signed shortly.

A copy of the Company's press release relating to the announcement described above, dated March 9, 2020, is furnished as Exhibit 99.1 to this Form 8-K.

Item 9.01. Exhibits



(d) Exhibits:
Exhibit       Description
99.1            Press release announcement of promotions of key employees, dated
              March 9,2020.




--------------------------------------------------------------------------------

© Edgar Online, source Glimpses