Key Highlights

● Silver Bow Mining filed an 8-K/A on September 25, 2026 to disclose the terms of an Amended and Restated Executive Employment Agreement, dated September 21, 2026, formally promoting Doug Stiles to President effective July 27, 2026.

● The filing states its sole purpose is to disclose contract terms that were omitted when the promotion was first reported in an original Form 8-K filed on July 29, 2026.

● Stiles earns a base salary of $240,000 annually, with the board committing to review and increase that salary by December 31, 2026, plus a performance Bonus of up to 50% of base salary.

● If terminated without cause or if he resigns for Good Reason, Stiles is entitled to 12 months of base salary, a prorated bonus, 12 months of continued health coverage, and immediate vesting of stock options, doubling to 24 months of salary and full Equity acceleration if triggered by a change of control.

Silver Bow Mining Corp. (NYSEAMERICAN:SBMT) filed an 8-K/A on September 25, 2026 to disclose terms of an Amended and Restated Executive Employment Agreement, dated September 21, 2026, that formally promotes Doug Stiles to President of the company effective July 27, 2026.

Why an Amendment Was Needed

The filing states plainly that its purpose is "solely to disclose the terms of the Amended and Restated Executive Employment Agreement," terms that were not included when the company first reported the promotion in an original Form 8-K filed on July 29, 2026. In effect, Silver Bow Mining announced Stiles' new title two months ago but is only now filing the actual contract terms investors would need to evaluate the arrangement's cost and structure.

Stiles' New Role and Prior Position

As President, Stiles becomes the company's senior operating executive, reporting to the CEO and overseeing day-to-day operations while retaining responsibility for regulatory and external affairs, the portfolio he held under his prior title of Vice President of Regulatory and External Affairs. The new agreement amends, restates and supersedes that original employment agreement, which was dated February 17, 2026, and runs for a three-year term beginning on that same February date.

Compensation Terms

Under the restated agreement, Stiles earns a base salary of $240,000 annually, with the board committing to review, and increase, that salary by December 31, 2026. He is eligible for a performance bonus of up to 50% of base salary, payable in cash, shares, stock options, or some combination the board determines. Benefits include four weeks of paid vacation, reimbursement of business expenses, use of a company vehicle, and standard employee benefits available to other executives.

Severance Provisions

The agreement's severance terms are more detailed than many filed with routine 8-Ks. If Silver Bow Mining terminates Stiles without cause, or if he resigns for Good Reason as defined in the agreement, he is entitled to 12 months of base salary, a prorated bonus, 12 months of continued health coverage, immediate vesting of any outstanding stock options, and reimbursement of outstanding expenses. Should a change of control occur within the agreement's specified window and trigger a qualifying termination, that severance roughly doubles: 24 months of base salary along with full acceleration of his equity awards.

What the Filing Does Not Disclose

The 8-K/A does not explain why the July 29 original filing omitted the contract terms in the first place, nor does it describe what specific operational or regulatory responsibilities prompted the board to formalize Stiles into the President role at that time. It does not name who, if anyone, previously held the President title, and it does not disclose Silver Bow Mining's current mine production figures, revenue, or the broader business context behind the Leadership change, this filing is limited strictly to Item 5.02 executive compensation disclosure.

Silver Bow Mining trades on the NYSE American exchange under the ticker SBMT and operates as a mining company; the filing itself does not restate further detail about its properties or operations beyond identifying Stiles' regulatory and external-affairs portfolio, which suggests the company's business involves permitting or governmental relations tied to its mining activities. Companies in the mining sector routinely rely on executives with that kind of regulatory background to manage permitting, environmental compliance and community relations alongside day-to-day operations.

Compensation Details Investors Should Track Next

Investors should watch for the board's promised salary review and potential increase by December 31, 2026; any disclosure of the specific performance metrics that will determine Stiles' bonus payout; and whether Silver Bow Mining discloses additional executive employment agreements or organizational changes tied to the same operational restructuring that elevated Stiles to President.