SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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): June 28, 2002
Intrepid Technology & Resources, Inc.
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(Exact name of registrant as specified in its charter)
Idaho 000-30065 82-0230842
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification Number)
501 West Broadway, Suite 200, Idaho Falls, Idaho 83402
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (208) 529-5337
ITEM 1. Changes in Control of Registrant.
None.
ITEM 2. Acquisition or Disposition of Assets.
None.
ITEM 3. Bankruptcy or Receivership.
None.
ITEM 4. Changes in Registrant's Certifying Accountant.
None.
ITEM 5. Other Events.
The board of directors has approved a reorganization of the executive offices of
the company to accommodate a streamlining of responsibilities among the
company's executives and to enhance the company's overall efficiency by focusing
its human resources growth and overhead allocation on the production side of the
business, rather than on the executive. As the initial step in the process, the
positions of Chief Operating Officer (COO) and Chief Financial Officer (CFO)
have been eliminated and workloads redistributed among the senior staff. Eric
Steingruber, CFO, has elected to accept other offers outside of ITR, and COO,
C.Bentley Roth, has resigned as an officer and director and has left the employ
of ITR to become more active in a family-owned business and to pursue additional
business opportunities. The responsibilities of the offices of executive
responsibilities, and Dr. Keiser has appointed Dr. Jacob D. Dustin, Vice
President, to serve as his deputy as part of this reorganization.
ITEM 6. Resignations of Registrant's Director's
In light of recent events involving the lack of transparency in the internal
practices of certain public companies, and realizing that the board structure of
Intrepid Technology & Resources, Inc. ("ITR") should reflect the highest degree
of integrity, competence and generally accepted best corporate practices, the
ITR board of directors has appointed two new outside directors: Mr. Michael
Lafleur and Mr. William Myers. Mr. Lafleur, during his 40 year professional
career, has served in a number of executive capacities, including Vice
President, Chief Financial Officer and Director of Cominco American Inc. from
1975 tp 1988; President, Chief Executive Officer and Director of Solv-Ex
Corporation from 1983 to 1988; Chairman, Chief Executive Officer and Director of
Gold Express Corporation, a NASDAQ listed development stage mining company; and
Managing Director of Paloma Resources Group, consultants to the natural
resources industry. Mr. Myers, during his 35 year professional career, has
served in numerous management and executive positions, up to and including
corporate president and currently serves as President of Myers Associates
International, Inc. which provides technical and management consulting focused
on strategic planning, business development and construction management for
domestic and international firms or divisions in startup and transition
experiencing rapid growth.
With the simultaneous resignation of C. Bentley Roth, an inside director, the
board of directors is now composed o four outside directors and two inside
directions: Dr. Dennis Keiser and Vice President/Secretary Jacob D. Dustin.
ITEM 7. Financial Statements and Exhibits.
None.
ITEM 8. Change in Fiscal Year.
None.
SIGNATURES
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 hereunto duly authorized.
INTREPID TECHNOLOGY & RESOURCES, INC.
/s/ Dennis D. Keiser
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Dennis D. Keiser, President
Date: July 8, 2002