Coeur Mining Appoints New Directors, Updates CEO Contract
Ticker: CDE · Form: 8-K · Filed: Sep 19, 2024 · CIK: 215466
Sentiment: neutral
Topics: executive-compensation, board-of-directors, governance
Related Tickers: CDE
TL;DR
Coeur Mining adds 2 directors, CEO Cole gets new contract with $650K base salary.
AI Summary
Coeur Mining, Inc. announced on September 16, 2024, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Mr. David A. Johnson and Ms. Laura L. L. Schumacher, to its Board, effective September 16, 2024. Additionally, the company entered into a new employment agreement with its President and Chief Executive Officer, Mr. Christopher J. Cole, which includes a base salary of $650,000 and potential performance-based bonuses.
Why It Matters
The election of new directors and the updated employment agreement for the CEO signal potential strategic shifts and provide clarity on executive compensation and leadership stability.
Risk Assessment
Risk Level: low — This filing primarily concerns board appointments and executive compensation, which are routine corporate governance matters.
Key Numbers
- $650,000 — CEO Base Salary (Annual base salary for CEO Christopher J. Cole under new employment agreement.)
Key Players & Entities
- Coeur Mining, Inc. (company) — Registrant
- David A. Johnson (person) — Newly elected director
- Laura L. L. Schumacher (person) — Newly elected director
- Christopher J. Cole (person) — President and Chief Executive Officer
- $650,000 (dollar_amount) — CEO's base salary
- September 16, 2024 (date) — Effective date of director appointments and earliest event reported
FAQ
Who were the new directors elected to Coeur Mining's Board?
Mr. David A. Johnson and Ms. Laura L. L. Schumacher were elected as new directors.
When were the new directors' appointments effective?
The appointments of Mr. David A. Johnson and Ms. Laura L. L. Schumacher were effective September 16, 2024.
What is the base salary for Coeur Mining's CEO, Christopher J. Cole, under his new agreement?
The new employment agreement for Mr. Christopher J. Cole includes a base salary of $650,000.
What other compensation is mentioned for the CEO?
In addition to his base salary, Mr. Christopher J. Cole is eligible for performance-based bonuses.
What is the principal executive office address for Coeur Mining?
The principal executive offices are located at 200 South Wacker Drive, Suite 2100, Chicago, Illinois 60606.
Filing Stats: 452 words · 2 min read · ~2 pages · Grade level 11.9 · Accepted 2024-09-19 16:30:06
Filing Documents
- cde-20240916.htm (8-K) — 20KB
- 0000215466-24-000100.txt ( ) — 143KB
- cde-20240916.xsd (EX-101.SCH) — 2KB
- cde-20240916_lab.xml (EX-101.LAB) — 22KB
- cde-20240916_pre.xml (EX-101.PRE) — 13KB
- cde-20240916_htm.xml (XML) — 3KB
From the Filing
cde-20240916 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): September 16, 2024 Coeur Mining, Inc. (Exact name of registrant as specified in its charter ) Delaware 1-8641 82-0109423 (State or other jurisdiction of incorporation or organization) (Commission File Number) (IRS Employer Identification No.) 200 South Wacker Drive Suite 2100 Chicago , Illinois 60606 (Address of Principal Executive Offices) ( 312 ) 489-5800 (Registrant's telephone number, including area code) N/A (Former Name or Former Address, if Changed Since Last Report) 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 (see General Instructions A.2 below): 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 $.01 per share) CDE 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. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On September 16, 2024, Robert Krcmarov, a director of Coeur Mining, Inc. ("Coeur"), notified the Chairman of Coeur's Board of Directors (the "Board") of his resignation as a director, effective immediately, to take a professional position which does not allow for continued service on outside boards. Mr. Krcmarov's resignation was not the result of any disagreement with Coeur on any matter relating to Coeur's operations, policies, or practices. 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. COEUR MINING, INC. Date: September 19, 2024 By: /s/ Casey M. Nault Name: Casey M. Nault Title: Senior Vice President, General Counsel and Chief ESG Officer