Stillwater Mining Company (NYSE:SWC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Stillwater Mining Company (NYSE:SWC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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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


ExhibitNo.


Description


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 (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 +2.65 at 17.32 with 37,801,686 shares trading hands.

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