Stillwater Mining Company (NASDAQ:SWC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item5.02. Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers
(e) Compensation Arrangements for Chief Executive
Officer
On December7, 2016, Stillwater Mining Company (the Company) and
Michael J. McMullen, the Companys Chief Executive Officer,
entered into a Side Letter to the Executive Employment Agreement,
providing for payment of relocation benefits to Mr.McMullen in
connection with a relocation of his family from the location of
the Companys current headquarters in Denver, Colorado to Perth,
Australia. The Company and Mr.McMullen previously had entered
into a side letter providing for similar relocation benefits from
Billings, Montana (the previous location of the Companys
headquarters) to Perth, Australia. With the exception of the
location change from Billings to Denver, the benefit under the
new Side Letter is identical to the benefit provided under the
prior Side Letter.
The foregoing summary of the Side Letter does not purport to be
complete and is subject to, and qualified in its entirety by, the
full text of the Side Letter, which is filed as Exhibit 10.1 to
this Form 8-K.
Item9.01. Financial Statements and Exhibits
(d) Exhibits
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10.1 |
Side Letter to the Executive Employment Agreement between Stillwater Mining Company and Mr. Michael J. McMullen, executed December7, 2016. |
About Stillwater Mining Company (NASDAQ:SWC)