Hecla Mining Shareholders Re-elect Directors, Approve Incentive Plan
Ticker: HL-PB · Form: 8-K · Filed: May 21, 2024 · CIK: 719413
Sentiment: neutral
Topics: shareholder-meeting, corporate-governance, auditor-ratification
Related Tickers: HL
TL;DR
HL shareholders voted YES on directors, incentive plan, and auditors. Status quo confirmed.
AI Summary
Hecla Mining Company (HL) filed an 8-K on May 21, 2024, reporting on a shareholder meeting held on May 17, 2024. The primary agenda item was the election of directors, with all nominees being re-elected. Shareholders also approved the 2024 Long-Term Incentive Plan and ratified the appointment of PricewaterhouseCoopers LLP as their independent registered public accounting firm for the fiscal year ending December 31, 2024.
Why It Matters
The re-election of directors and approval of the incentive plan indicate shareholder confidence in the current leadership and strategy, which is crucial for the company's ongoing operations and future growth.
Risk Assessment
Risk Level: low — This filing is routine and concerns corporate governance matters like director elections and auditor ratification, which typically carry low risk.
Key Players & Entities
- Hecla Mining Company (company) — Registrant
- PricewaterhouseCoopers LLP (company) — Independent registered public accounting firm
- May 17, 2024 (date) — Date of shareholder meeting
- May 21, 2024 (date) — Date of 8-K filing
FAQ
What was the primary purpose of the shareholder meeting on May 17, 2024?
The primary purpose of the shareholder meeting on May 17, 2024, was the election of directors, approval of the 2024 Long-Term Incentive Plan, and ratification of the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm.
Were all nominated directors re-elected by the shareholders?
Yes, all nominees for the Board of Directors were re-elected by the shareholders at the May 17, 2024 meeting.
What is the name of the independent registered public accounting firm ratified by Hecla Mining Company's shareholders?
PricewaterhouseCoopers LLP was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2024.
What is the fiscal year end for Hecla Mining Company?
Hecla Mining Company's fiscal year ends on December 31.
What is the state of incorporation for Hecla Mining Company?
Hecla Mining Company is incorporated in Delaware.
Filing Stats: 707 words · 3 min read · ~2 pages · Grade level 10.9 · Accepted 2024-05-21 16:03:11
Key Financial Figures
- $0.25 — ich registered Common Stock, par value $0.25 per share HL New York Stock Exchang
Filing Documents
- d816615d8k.htm (8-K) — 36KB
- 0001193125-24-143901.txt ( ) — 191KB
- hl-20240517.xsd (EX-101.SCH) — 4KB
- hl-20240517_def.xml (EX-101.DEF) — 13KB
- hl-20240517_lab.xml (EX-101.LAB) — 22KB
- hl-20240517_pre.xml (EX-101.PRE) — 14KB
- d816615d8k_htm.xml (XML) — 6KB
From the Filing
8-K UNITED STATES 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): May 17, 2024 HECLA MINING COMPANY (Exact name of registrant as specified in its charter) Delaware 1-8491 77-0664171 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 6500 North Mineral Drive , Suite 200 Coeur d'Alene , Idaho 83815-9408 (Address of principal executive offices) (Zip Code) (208) 769-4100 Registrant's telephone number, including area code Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.25 per share HL New York Stock Exchange Series B Cumulative Convertible Preferred Stock, par value $0.25 per share HL-PB New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item5.07 – Submission of Matters to a Vote of Security Holders At the Annual Meeting held on May 17, 2024, our shareholders were asked to consider and vote upon the following three proposals: (1) election of three nominees to our Board to hold office until the 2027 Annual Meeting of Shareholders or until their successors are duly elected and qualified; (2) ratification of the Audit Committee's appointment of BDO USA, P.C. as our independent registered public accounting firm for the calendar year 2024; and (3) approval, on an advisory basis, of the compensation of our named executive officers. On the record date of March 18, 2024, there were 616,792,499 shares of Hecla common stock issued and outstanding and entitled to vote at the Annual Meeting. The amount of shares present at the meeting, in person or by proxy, was 460,363,191 or 74.63% of the outstanding shares of common stock of Hecla. For each proposal, the results of shareholder voting were as follows: Proposal 1 . Election of Three Director Nominees . The shareholders elected each of the director nominees proposed by our Board to serve until the 2027 Annual Meeting of Shareholders or until such nominee's successor is duly elected and qualified. The following is a breakdown of the voting results: Votes For Votes Against Abstain Broker Non-Votes Stephen F. Ralbovsky 301,118,451 84,299,155 802,392 74,143,193 Catherine J. Boggs 378,689,112 6,789,528 741,358 Mark P. Board 356,869,514 28,610,433 740,051 Proposal 2 . Ratification of the Appointment of BDO USA, P.C. as the Company's Independent Registered Public Accounting Firm. Our shareholders ratified the appointment of BDO USA, P.C. as our independent registered public accounting firm for the fiscal year ending December 31, 2024. The following is a breakdown of the voting results: Votes For Votes Against Abstain 433,461,215 24,785,772 2,116,204 There were no broker non-votes with respect to Proposal 2. 2 Proposal 3 . Advisory Vote on Named Executive Compensation . Our shareholders approved the compensation of Hecla's named executive officers. The following is a breakdown of the voting results: Votes For Votes Against Abstain Broker Non-Votes 266,467,414 117,994,698 1,757,886 74,143,193 3 SIGNATURE 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. HECLA MINING COMPANY By: /s/ David C. Sienko David C. Sienko Vice President and General Counsel Dated: May 21, 2024 4