SOUTHERN COPPER CORPORATION (NYSE:SCCO) Files An 8-K Submission of Matters to a Vote of Security Holders
ITEM 5.07 Submission of Matters to a Vote of Security Holders
On April27, 2017, the Company, held its 2017 Annual Meeting of
Stockholders. The total outstanding voting securities eligible to
vote were 773,016,469 shares of Common Stock.748,089,925 shares,
constituting approximately 96.78 % of the total outstanding
shares eligible to vote at the meeting, were present in person or
by proxy. The stockholders were asked to take the following
actions:
1. To elect our ten directors, who will serve until the 2018
annual meeting.
2. To approve the extension of the Directors Stock Award Plan.
3. To ratify the selection by the Audit Committee of the Board of
Directors of Galaz, Yamazaki, Ruiz Urquiza S.C., a member firm of
Deloitte Touche Tohmatsu Limited, as our independent accountants
for calendar year 2017.
4. To approve, by non-binding advisory vote, our executive
compensation.
5. To recommend, by non-binding advisory vote, the frequency of
future stockholders advisory votes on executivecompensation.
PROPOSAL 1 ELECTION OF DIRECTORS
The results of the vote were as follows:
|
|
NumberofShares |
|||||
|
Name |
|
For |
|
Withheld |
|
BrokerNon-Votes |
|
Germn Larrea Mota-Velasco |
692,488,734 |
13,060,319 |
42,540,871 |
|||
|
Oscar Gonzlez Rocha |
689,572,433 |
15,976,620 |
42,540,871 |
|||
|
Emilio Carrillo Gamboa |
686,855,530 |
18,693,523 |
42,540,871 |
|||
|
Alfredo Casar Prez |
695,788,571 |
9,760,482 |
42,540,871 |
|||
|
Enrique Castillo Snchez Mejorada |
698,280,720 |
7,268,333 |
42,540,871 |
|||
|
Xavier Garca de Quevedo Topete |
692,471,114 |
13,077,939 |
42,540,871 |
|||
|
Daniel Muiz Quintanilla |
697,275,747 |
8,273,306 |
42,540,871 |
|||
|
Luis Miguel Palomino Bonilla |
703,250,769 |
2,298,284 |
42,540,871 |
|||
|
Gilberto Perezalonso Cifuentes |
704,204,339 |
1,344,714 |
42,540,871 |
|||
|
Carlos Ruiz Sacristn |
703,268,278 |
2,280,775 |
42,540,871 |
PROPOSAL 2 APPROVAL OF THE EXTENSION OF
THE DIRECTORS STOCK AWARD PLAN
The results of the vote were as follows:
|
NumberofVotes(1votepershare) |
||||||
|
InFavor ofAdoption |
|
Against Adoption |
|
Abstain |
|
BrokerNon- Votes |
|
704,265,860 |
939,071 |
344,122 |
42,540,871 |
PROPOSAL 3 APPROVAL OF THE APPOINTMENT OF SCCs
INDEPENDENT PUBLIC ACCOUNTANTS
The results of the vote were as follows:
|
NumberofVotes(1votepershare) |
||||||
|
InFavor |
|
Against |
|
Abstain |
|
BrokerNon-Votes |
|
747,357,849 |
539,526 |
192,550 |
N/A |
PROPOSAL 4 APPROVAL, BY NON-BINDING VOTE, OF SCCs
EXECUTIVE COMPENSATION
The results of the vote were as follows:
|
NumberofVotes(1votepershare) |
||||||
|
InFavor ofAdoption |
|
Against Adoption |
|
Abstain |
|
BrokerNon- Votes |
|
703,730,493 |
1,593,381 |
225,179 |
42,540,871 |
PROPOSAL 5 RECOMMENDATION OF THE FREQUENCY OF THE
ADVISORY VOTE ON EXECUTIVECOMPENSATION
The results of the vote were as follows:
|
NumberofVotes(1votepershare) |
||||||||
|
1Year |
|
2Years |
|
3Years |
|
Abstain |
|
BrokerNon- Votes |
|
698,372,913 |
194,226 |
6,790,568 |
191,346 |
42,540,871 |
In accordance with the voting results for Proposal Number 5,
the Company determined that the non-binding advisory vote to
approve the compensation of the named executive officers of the
Company will be conducted every year, until the next
stockholder advisory vote on the frequency of the advisory vote
to approve the compensation of the named executive officers of
the Company.
About SOUTHERN COPPER CORPORATION (NYSE:SCCO)
Southern Copper Corporation is an integrated copper producer. It produces copper, molybdenum, zinc and silver. It operates through three segments: Peruvian operations, which include the Toquepala and Cuajone mine complexes and the smelting and refining plants, including a metals plant industrial railroad and port facilities that service both mines; Mexican open-pit operations, which include the La Caridad and Buenavista mine complexes and the smelting and refining plants, including a metals plant and a copper rod plant and support facilities that service both mines, and Mexican underground mining operations, which include over five underground mines that produce zinc, copper, silver and gold, a coal mine that produces coal and coke, and a zinc refinery. The Company’s operations include copper smelting, copper refining, copper rod production, solvent extraction/electrowinning, zinc refining, sulfuric acid production, molybdenum concentrate production, and silver and gold refining. SOUTHERN COPPER CORPORATION (NYSE:SCCO) Recent Trading Information
SOUTHERN COPPER CORPORATION (NYSE:SCCO) closed its last trading session down -0.03 at 35.37 with 656,564 shares trading hands.
