8-K/ALeadership Changes

NEWMONT Corp /DE/ 8-K/A Report, Executive Changes (Oct 2, 2023)

Filed October 2, 2023For Securities:NEMNEMCL

Summary

This 8-K/A filing from Newmont Corporation (NEM) serves as an amendment to a previous filing, primarily to disclose the sign-on compensation package for its new Executive Vice President and Chief Operating Officer, Natascha Viljoen, and to provide updated information on the transition of the COO role. The filing details that Ms. Viljoen, who officially joined the Executive Leadership Team on October 2, 2023, will receive a one-time cash payment of $500,000 and a restricted stock award valued at $5,811,000. Both components of her sign-on compensation are subject to retention and vesting conditions. Furthermore, the report outlines the phased responsibilities Ms. Viljoen will assume for various business units, including Australia, North America, and eventually Papua New Guinea post-Newcrest acquisition integration. This structured approach aims to ensure a smooth operational transition and effective integration of Newcrest's assets and personnel, with the current COO, Mr. Rob Atkinson, supporting this process and then transitioning to a strategic role. Investors should note the specific details of Ms. Viljoen's compensation and her progressive assumption of operational oversight, which are key to understanding executive remuneration and strategic leadership appointments.

Key Highlights

  • 1Amendment to a prior 8-K filing to disclose executive compensation and role transition details.
  • 2Natascha Viljoen officially joined Newmont's Executive Leadership Team as EVP and COO on October 2, 2023.
  • 3Ms. Viljoen's sign-on compensation includes a $500,000 cash payment (subject to a two-year prorated clawback).
  • 4A restricted stock award valued at $5,811,000 for Ms. Viljoen will vest ratably over three years, contingent on continued employment.
  • 5Ms. Viljoen will initially assume responsibility for Australia and North America Business Units on November 1, 2023.
  • 6Post-acquisition of Newcrest, Ms. Viljoen is slated to oversee the Papua New Guinea Business Unit and integration efforts.
  • 7Rob Atkinson will continue to manage Africa, Peru, and Latin America & Caribbean Business Units, and Global Projects during the transition period.

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