Hecla Mining Appoints New Director, CEO Williams Gets New Contract
Ticker: HL-PB · Form: 8-K · Filed: May 23, 2024 · CIK: 719413
Sentiment: neutral
Topics: executive-compensation, board-changes, management-changes
TL;DR
Hecla Mining adds a new director and gives CEO Williams a new contract with a $450k salary.
AI Summary
Hecla Mining Company announced on May 22, 2024, changes in its executive and director positions. Specifically, the company appointed Judith P. W. Mosely as a new director and elected her to the Audit Committee and Nominating and Corporate Governance Committee. Additionally, Hecla Mining Company entered into a new employment agreement with its President and CEO, Patrick H. Williams, effective May 22, 2024, with a base salary of $450,000.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy and governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in executive and director roles, along with new employment agreements, can introduce uncertainty regarding future leadership and strategic direction.
Key Numbers
- $450,000 — CEO Base Salary (New annual base salary for Patrick H. Williams under his employment agreement.)
Key Players & Entities
- Hecla Mining Company (company) — Registrant
- Judith P. W. Mosely (person) — Newly appointed director
- Patrick H. Williams (person) — President and CEO
- $450,000 (dollar_amount) — CEO's new base salary
- May 22, 2024 (date) — Effective date of changes
FAQ
Who was appointed as a new director for Hecla Mining Company?
Judith P. W. Mosely was appointed as a new director for Hecla Mining Company.
What committees was Judith P. W. Mosely elected to?
Judith P. W. Mosely was elected to the Audit Committee and the Nominating and Corporate Governance Committee.
What is the new base salary for Hecla Mining's CEO, Patrick H. Williams?
The new base salary for Patrick H. Williams is $450,000.
When did the new employment agreement for Patrick H. Williams become effective?
The new employment agreement for Patrick H. Williams became effective on May 22, 2024.
What is Hecla Mining Company's state of incorporation?
Hecla Mining Company is incorporated in Delaware.
Filing Stats: 682 words · 3 min read · ~2 pages · Grade level 11.1 · Accepted 2024-05-23 16:43:15
Key Financial Figures
- $0.25 — ich registered Common Stock, par value $0.25 per share HL New York Stock Exchang
Filing Documents
- d839328d8k.htm (8-K) — 29KB
- d839328dex991.htm (EX-99.1) — 8KB
- g839328g0524002801791.jpg (GRAPHIC) — 4KB
- 0001193125-24-146044.txt ( ) — 200KB
- hl-20240522.xsd (EX-101.SCH) — 4KB
- hl-20240522_def.xml (EX-101.DEF) — 13KB
- hl-20240522_lab.xml (EX-101.LAB) — 22KB
- hl-20240522_pre.xml (EX-101.PRE) — 14KB
- d839328d8k_htm.xml (XML) — 6KB
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits 99.1 News Release dated May 23, 2024. ** 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). ** Filed herewith. 2 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 23, 2024 3