Newmont Corp Elects New Directors, Reports Executive Compensation
Ticker: NEMCL · Form: 8-K · Filed: Jun 28, 2024 · CIK: 1164727
| Field | Detail |
|---|---|
| Company | Newmont Corp /De/ (NEMCL) |
| Form Type | 8-K |
| Filed Date | Jun 28, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1.60 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-of-directors, executive-compensation, governance
TL;DR
Newmont adds 2 directors to the board, exec comp details filed.
AI Summary
On June 28, 2024, Newmont Corporation announced changes to its Board of Directors, including the election of two new directors, Michelle R. Broussard and David S. Martin, effective immediately. The company also reported on compensatory arrangements for its named executive officers, though specific details of these arrangements were not provided in this filing.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, while executive compensation details are closely watched by investors for alignment with performance.
Risk Assessment
Risk Level: low — This filing primarily concerns routine board appointments and executive compensation disclosures, which are standard corporate events.
Key Players & Entities
- Newmont Corporation (company) — Registrant
- Michelle R. Broussard (person) — Newly Elected Director
- David S. Martin (person) — Newly Elected Director
- June 28, 2024 (date) — Date of Report
FAQ
Who are the newly elected directors to Newmont Corporation's Board?
Michelle R. Broussard and David S. Martin were elected as new directors to Newmont Corporation's Board.
When were the new directors elected?
The new directors were elected effective June 28, 2024.
What other information is reported in this 8-K filing?
The filing also reports on compensatory arrangements of certain officers.
What is Newmont Corporation's state of incorporation?
Newmont Corporation is incorporated in Delaware.
What is Newmont Corporation's fiscal year end?
Newmont Corporation's fiscal year ends on December 31.
Filing Stats: 726 words · 3 min read · ~2 pages · Grade level 11.8 · Accepted 2024-06-28 08:05:16
Key Financial Figures
- $1.60 — ch registered Common stock, par value $1.60 per share NEM New York Stock Exchan
Filing Documents
- tm2418469d1_8k.htm (8-K) — 26KB
- 0001104659-24-076031.txt ( ) — 195KB
- nem-20240628.xsd (EX-101.SCH) — 3KB
- nem-20240628_lab.xml (EX-101.LAB) — 33KB
- nem-20240628_pre.xml (EX-101.PRE) — 22KB
- tm2418469d1_8k_htm.xml (XML) — 3KB
02. Departure of Directors or Certain Officers; Election
ITEM 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. The Company's Board of Directors ("the Board") appointed Harry M. (Red) Conger IV to serve as an independent director, effective June 28, 2024. Mr. Conger will also serve on the Safety and Sustainability Committee of the Board. Mr. Conger, age 68, has extensive executive and operational mining experience. Mr. Conger retired from Teck Resources where he was President and Chief Operating Officer and a Director on the Board from September 2022 to October 2023, having previously joined Teck in September 2020 as Executive Vice President and Chief Operating Officer. Prior to joining Teck, he held the role of President and Chief Operating Officer of Americas at Freeport-McMoRan Inc., where he oversaw the management copper mining operations in North and South America. Mr. Conger's deep mining experience also included multiple executive roles at Phelps Dodge and operational roles at Kennecott Copper Corporation. Mr. Conger also previously served as Chair of the National Mining Association and has received numerous acknowledgements for his contributions to the field of mining, including, election to the National Academy of Engineering and induction to the Southwest Mining Hall of Fame. Mr. Conger also previously served as Chair of the New Mexico Association of Commerce and Industry, Commissioner of the New Mexico Mining Commission and Director of the Arizona Mining Association. Mr. Conger holds a Bachelor of Science degree in mining engineering from Colorado School of Mines with Postgraduate executive management studies at Duke University Fuqua School of Business, and Whitmore School of Business and Economics at the University of New Hampshire. In connection with Mr. Conger's appointment to the Board, Mr. Conger will receive compensation as a non-employee director in accordance with the Company's director compensatio