8-KCorporate ChangesExhibits & Filings

FREEPORT-MCMORAN INC 8-K Report, Bylaw Amendment (Jul 2, 2014)

Filed July 2, 2014For Securities:FCX

Summary

Freeport-McMoRan Inc. (FCX) announced a significant corporate action through an 8-K filing on July 2, 2014, detailing a name change and a related merger. Effective July 14, 2014, the company will officially change its name from Freeport-McMoRan Copper & Gold Inc. to Freeport-McMoRan Inc. This change aims to simplify the company's identity and better represent its diversified asset base. The name alteration is being executed through a short-form merger under Delaware law, where a wholly-owned subsidiary will merge into the parent company, with FCX as the survivor. This legal maneuver allows for the name change without requiring shareholder approval. Importantly, this corporate restructuring will not alter the rights of shareholders, and the company's stock will continue to trade under the ticker symbol 'FCX' on the NYSE with the same CUSIP number.

Key Highlights

  • 1Effective July 14, 2014, Freeport-McMoRan Copper & Gold Inc. will change its legal name to Freeport-McMoRan Inc.
  • 2The name change is intended to simplify the company's branding and reflect a broader portfolio of assets.
  • 3The change will be implemented via a short-form merger under Delaware General Corporation Law, eliminating the need for shareholder approval.
  • 4This corporate restructuring will not impact the rights of the company's security holders.
  • 5The company's common stock will continue to trade on the NYSE under the existing ticker symbol 'FCX'.
  • 6The CUSIP number for FCX common stock (35671D857) will remain unchanged.
  • 7Existing stock certificates will not be affected and do not require exchange.

Frequently Asked Questions

The company is changing its name from Freeport-McMoRan Copper & Gold Inc. to Freeport-McMoRan Inc. to simplify its existing name and to better reflect its expanded portfolio of assets, which may include operations beyond just copper and gold.

No, the name change is being effected through a short-form merger under Section 253 of the Delaware General Corporation Law. This legal process allows the company to change its name without a vote from its stockholders.

No, the merger and name change will not affect the rights of the company's security holders. Your common stock will continue to trade on the New York Stock Exchange under the ticker symbol 'FCX', and the CUSIP number will remain the same. You will not need to exchange your existing stock certificates.

The filing indicates that the name change is the primary effect of the merger. There will be no other changes to the Company's certificate of incorporation or by-laws beyond those necessary to reflect the new legal name.