Summary
Freeport-McMoRan Copper & Gold Inc. (FCX) filed an 8-K on October 18, 2005, primarily to report the renewal of material definitive agreements related to consulting services. These agreements, entered into by its wholly owned subsidiary FM Services Company, extend the services of J. Bennett Johnston, Jr., Kissinger Associates, Inc. (and Kent Associates Inc.), and Gabrielle K. McDonald for an additional year, from January 1, 2006, to December 31, 2006. Investors should note that these renewals involve individuals and entities who are also directors of FCX, indicating ongoing relationships for advisory services. The filing also provides a temporary change of address for the company's corporate headquarters due to the aftermath of Hurricane Katrina, relocating to Baton Rouge, Louisiana, from its New Orleans base. The core business operations and financial performance are not detailed in this specific filing, which focuses on contractual renewals and administrative updates.
Key Highlights
- 1FCX's subsidiary, FM Services Company, renewed consulting agreements with key individuals and entities.
- 2The renewed agreements are for a one-year term, from January 1, 2006, to December 31, 2006.
- 3J. Bennett Johnston, Jr., a director of FCX, has renewed his consulting agreement.
- 4Kissinger Associates, Inc. and Kent Associates Inc., associated with FCX director J. Stapleton Roy, have also renewed their consulting agreements.
- 5Gabrielle K. McDonald, a director of FCX, has renewed her consulting agreement.
- 6The terms and conditions of the original consulting agreements remain unchanged.
- 7FCX has temporarily relocated its corporate headquarters to Baton Rouge, Louisiana, due to Hurricane Katrina's impact on its New Orleans offices.