8-KLeadership ChangesExhibits & Filings

NEWMONT Corp /DE/ 8-K Report, Executive Changes (Sep 8, 2020)

Filed September 8, 2020For Securities:NEMNEMCL

Summary

Newmont Corporation (NEM) filed an 8-K report on September 8, 2020, primarily announcing changes to its Board of Directors. J. Kofi Bucknor, a board member since 2012, has retired for personal reasons. The company expressed gratitude for his service. The key development is the appointment of Susan N. Story as an independent director, effective September 10, 2020. Ms. Story brings extensive experience in finance and operations, having previously served as CEO of American Water Works Company and in executive roles at Southern Company. Her appointment to the Board, particularly her service on the Audit and Leadership Development and Compensation Committees, is intended to strengthen the company's governance and strategic oversight. Investors should note that Ms. Story will receive director compensation and stock awards as per the company's existing plans.

Key Highlights

  • 1J. Kofi Bucknor has retired from the Newmont Board of Directors for personal reasons.
  • 2Susan N. Story has been appointed as an independent director, effective September 10, 2020.
  • 3Ms. Story will serve on the Audit Committee and the Leadership Development and Compensation Committee.
  • 4Ms. Story possesses significant executive leadership experience, including CEO of American Water Works Company and executive roles at Southern Company.
  • 5Her expertise spans finance, operations, cost optimization, and human resources.
  • 6Ms. Story currently serves on the boards of Raymond James Financial, Inc. and Dominion Energy.
  • 7Ms. Story will receive standard director compensation and stock awards as per Newmont's 2020 Stock Incentive Plan.

Frequently Asked Questions

Mr. Bucknor retired from the Board for personal reasons. His decision was not due to any dispute or disagreement with the Company or its Board regarding operations, policies, or practices.

Ms. Story brings extensive executive leadership experience, including her tenure as President and CEO of American Water Works Company, Inc. and various executive positions at Southern Company. Her background includes deep knowledge in finance, operations, cost optimization, and human resources.

Ms. Story has been appointed to serve on the Audit Committee and the Leadership Development and Compensation Committee of the Newmont Board.

Ms. Story will be granted a director stock award and will receive compensation in accordance with Newmont's non-employee director compensation program, as detailed in the company's 2020 Proxy Statement.