Coeur Mining, Inc. (NYSE:CDE) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As previously reported, on November 12, 2018, Terry F.D. Smith replaced Frank L. Hanagarne, Jr., Senior Vice President and Chief Operating Officer of Coeur Mining, Inc. (the “Company”) as the principal operating officer of the Company.
In connection therewith, Mr. Hanagarne entered into a Separation and Release of Claims Agreement with the Company (the “Agreement”) on November 27, 2018, to which Mr. Hanagarne’s employment with the Company was terminated effective November 16, 2018 (the “Separation Date”). The Agreement contains customary post-termination restrictive covenants and a release of claims against the Company.
to the Agreement, Mr. Hanagarne will receive (i) severance in the amount of $94,615 and (ii) a one-time cash payment of $328,000, an amount equivalent to the target company performance award opportunity for Mr. Hanagarne for 2018 under the Company’s Annual Incentive Plan, in each case less applicable withholdings. In addition, Mr. Hanagarne and his family will be entitled to COBRA coverage for up to 12 months following the Separation Date, the employer portion of which will be payable by Company.
The foregoing summary is qualified in its entirety by reference to the Agreement, which is attached to this Current Report on Form 8-K as Exhibit 10.1 and incorporated herein by reference.
Item 9.01.Financial Statements and Exhibits.
(d)List of Exhibits
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Exhibit No. |
Description |
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Separation and Release of Claims Agreement dated November 27, 2018, between Coeur Mining, Inc. and Frank L. Hanagarne, Jr.* |
* Management contract or compensatory plan or arrangement.
Coeur Mining, Inc. ExhibitEX-10.1 2 ex101separationagreement.htm EXHIBIT 10.1 Exhibit SEPARATION AND RELEASE OF CLAIMS AGREEMENTTHIS SEPARATION AND RELEASE OF CLAIMS AGREEMENT (this “Agreement”) is entered into by and between Frank L. Hanagarne Jr. (“Employee” or “You”) and Coeur Mining,…To view the full exhibit click here
About Coeur Mining, Inc. (NYSE:CDE)
Coeur Mining, Inc. is a gold and silver producer. The Company’s segments include Palmarejo complex, Rochester, Kensington, Wharf and San Bartolome mines, and Coeur Capital. The Company also a non-operating interest in the Endeavor mine in Australia in addition to royalties on the El Gallo complex in Mexico, the Zaruma mine in Ecuador, and the Correnso mine in New Zealand. In addition, the Company has two silver-gold feasibility stage projects: the La Preciosa project in Mexico and the Joaquin project in Argentina. The Company also conducts exploration activities in Alaska, Argentina, Bolivia, Mexico, and Nevada. The Company owns strategic investment positions in several silver and gold development companies with projects in North and South America. It owns Coeur Capital, Inc., which primarily consists of the Endeavor silver stream as well as other precious metal royalties and strategic investments.
