Stillwater Mining Company (NYSE:SWC) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03.Amendment to Articles of Incorporation or
Bylaws; Change in Fiscal Year.
On November 23, 2016, the board of directors of Stillwater Mining
Company (theCompany) approved an amendment to the Companys bylaws
(the Bylaws Amendment) to amend and restate in its entirety
Section 2.10 of the bylaws and the first sentence of Section 3.3
of the bylaws, in order to adopt a majority voting standard for
the election of directors. This amendment provides that directors
shall be elected by the vote of the holders of a majority of the
stock having voting power present in person or represented by
proxy at each annual meeting of the stockholders.In addition, the
Bylaws Amendment also adds a new Article X, which provides that
unless the Company consents in writing to the selection of an
alternative forum, the Court of Chancery of the State of Delaware
will be the sole and exclusive forum for a variety of actions or
proceedings that involve the Company. This description of the
Bylaws Amendment is qualified in its entirety by the full text of
the Bylaws Amendment, a copy of which is filed herewith as
Exhibit 3.2 and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
| Exhibit No. | Description | |
| 3.2 |
Amendment No.2 to Amended and Restated Bylaws of Stillwater Mining Company, as amended by Amendment No. 1 to Amended and Restated Bylaws of Stillwater Mining Company, effective as of May 21, 2013. |
|
| 3.3 |
Amended and Restated Bylaws of Stillwater Mining Company, compiled and reflecting all amendments through November 23, 2016. |
About Stillwater Mining Company (NYSE:SWC)
Stillwater Mining Company is engaged in the development, extraction, processing, smelting and refining of palladium, platinum and associated metals, such as platinum group metals (PGM) produced by mining a geological formation in south-central Montana, the J-M Reef and recycling spent catalytic converters and other industrial sources. The Company operates through five segments: Mine Production, PGM Recycling, Canadian Properties, South American Properties and All Other. The Mine Production segment consists of two business components: the Stillwater Mine and the East Boulder Mine. The PGM Recycling segment recycles spent catalyst material to recover the PGMs contained in the material. The Canadian Properties segment consists mainly of the Marathon mineral property assets. The South American Properties segment consists of the Peregrine Metals Ltd. assets. The All Other segment consists of assets, including investments, revenues, and expenses of various corporate and support functions. Stillwater Mining Company (NYSE:SWC) Recent Trading Information
Stillwater Mining Company (NYSE:SWC) closed its last trading session up +0.02 at 14.62 with 1,639,522 shares trading hands.
