Item 2.02. Results of Operations and Financial Condition.
On August 5, 2020, The Goldfield Corporation issued a press release announcing
its financial results for the three and six months ended June 30, 2020. A copy
of this press release is attached to this Current Report on Form 8-K as Exhibit
99.1.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 5, 2020, the Board of Directors of the Company appointed Stephen R.
Wherry, Chief Financial Officer of the Company, and Jason M. Spivey, President
of PCA, to the positions of Acting Co-Chief Executive Officers of the Company,
to discharge the duties of Chief Executive Officer during the absence of John H.
Sottile. Mr. Sottile is currently hospitalized and being treated for a non-COVID
related respiratory condition, and the timing of his ability to resume his
duties cannot currently be determined.
Mr. Wherry, age 62, has served as Treasurer, Assistant Secretary and Chief
Financial Officer of the Company since 1988, Vice President of the Company since
1993 and Senior Vice President of the Company since 2006. Mr. Wherry is a
certified public accountant.
Mr. Spivey, age 49, joined Southeast Power as Project Manager in January 2015
and was promoted to Assistant Vice President in May 2016, prior to being
appointed President in June 2017.
A copy of the press release announcing these matters, amongst others, is
attached to this Current Report on Form 8-K as Exhibit 99.1. Solely the portion
of the press release that relates to the matters described in this Item 5.02 is
incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
Exhibit Description of Exhibit
99.1 Press release dated August 5, 2020.
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