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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Current Report
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): October 16, 2024
HECLA MINING COMPANY
(Exact name of registrant as specified in its charter)
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1-8491 |
77-0664171 |
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(State or other jurisdiction
of incorporation)
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(Commission File Number) |
(IRS Employer Identification No.) |
6500 North Mineral Drive, Suite 200
Coeur d'Alene, Idaho 83815-9408
(Address of principal executive offices) (Zip Code)
(208) 769-4100
Registrant's telephone number, including area code
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading
Symbol(s)
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Name of each exchange on
which registered
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Common Stock, par value $0.25 per share
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HL
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New York Stock Exchange
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Series B Cumulative Convertible Preferred Stock, par value $0.25 per share
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HL-PB
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New York Stock Exchange
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On October 16, 2024, the Company announced the Board of Directors (“Board”) of Hecla Mining Company (the “Company”) had increased the size of the Board, and appointed Jill Satre as a Class III director (standing for election in 2025), to fill the resulting vacancy, effective October 16, 2024. Ms. Satre was also appointed to serve on the Audit Committee. She will be eligible to receive standard director and committee fees, and to receive grants under the Company’s Stock Plan for Nonemployee Directors, all as described under the caption “Compensation of Non-Management Directors” in the Company’s proxy statement from its 2024 Annual Meeting of Shareholders, which was filed with the Securities and Exchange Commission on April 4, 2024. The news release is attached hereto as Exhibit 99.1 to this Form 8-K.
There are no arrangements or understandings between Ms. Satre and any other person pursuant to which she was appointed to the Board, and there are no relationships between Ms. Satre and the Company that would require disclosure under Item 404(a) of Regulation S-K of the Exchange Securities Exchange Act of 1934, as amended.
Ms. Satre has been the Vice President Corporate Compliance & Internal Audit at TC Energy Corporation (a North American energy infrastructure company that operates pipelines, power generation facilities, and energy storage operations) since 2023. Prior to that, she was a Senior Manager – Partner at PricewaterhouseCoopers (“PwC”) in Calgary, Alberta, Canada, where she was the Chief Audit Executive for three organizations, from 2011 to 2023.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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HECLA MINING COMPANY
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By:
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/s/ David C. Sienko
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David C. Sienko
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Sr. Vice President and General Counsel
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Dated: October 16, 2024
Exhibit 99.1
NEWS RELEASE
HECLA APPOINTS DIRECTOR
FOR IMMEDIATE RELEASE
October 16, 2024
COEUR D'ALENE, IDAHO -- Hecla Mining Company (NYSE:HL) is pleased to announce the appointment of Jill Satre to its Board of Directors, effective October 16, 2024. Ms. Satre is currently the Vice President of Internal Audit & Corporate Compliance at TC Energy, a major North American energy company, where she provides strategic direction and oversight for compliance, risk management, and internal controls over financial reporting.
“We are thrilled to welcome Jill Satre to our Board of Directors. Her extensive expertise in the mining and energy sectors and her leadership in corporate governance, risk management, and compliance make her an invaluable addition to Hecla. Jill’s deep understanding of financial controls, audit processes, and enterprise risk management will greatly contribute to Hecla’s growth strategy as we continue to strengthen our leadership in the industry,” said Cassie Boggs, Interim CEO of Hecla Mining Company.
Before TC Energy, Ms. Satre spent over two decades at PwC and brings a breadth of extensive experience across resource extraction industries, including mining and energy. She holds a Chartered Professional Accountant (CPA) designation in Alberta and a Bachelor of Business Administration from the University of Regina.
Her relevant industry experience, coupled with her leadership in corporate governance will add significant value to Hecla’s Board as the company continues its growth.
ABOUT HECLA
Founded in 1891, Hecla Mining Company (NYSE:HL) is the largest silver producer in the United States. In addition to operating mines in Alaska, Idaho, and Quebec, the Company is developing a mine in the Yukon, Canada, and owns a number of exploration and pre-development projects in world-class silver and gold mining districts throughout North America.
For further information, please contact:
Anvita Mishra Patil
Vice President – Investor Relations and Treasurer
Cheryl Turner
Communications Coordinator
800-HECLA91 (800-432-5291)
Email: [email protected]
Website: www.hecla.com
Hecla Mining Company ● 1-800-432-5291 ● [email protected]
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