Summary
Southern Copper Corporation (SCCO) held its 2012 Annual Meeting of Stockholders on April 26, 2012. The meeting saw overwhelmingly high participation, with approximately 99.37% of outstanding voting shares represented. Key outcomes included the election of all fourteen director nominees, the ratification of the appointment of Galaz, Yamazaki, Ruiz Urquiza S.C. as independent accountants, and a non-binding advisory vote to approve executive compensation. Investors can take comfort in the strong shareholder support for the company's leadership and governance. The election of all directors passed with significant 'For' votes, indicating broad confidence in the current board. Similarly, the independent auditor was overwhelmingly ratified, and executive compensation received strong advisory approval. These results suggest a stable operational and governance environment for Southern Copper Corporation at the time of the filing.
Key Highlights
- 1Southern Copper Corporation held its 2012 Annual Meeting of Stockholders on April 26, 2012.
- 2Approximately 99.37% of outstanding voting shares were represented at the meeting.
- 3All fourteen director nominees were elected to serve until the 2013 annual meeting.
- 4The appointment of Galaz, Yamazaki, Ruiz Urquiza S.C. as independent accountants for 2012 was ratified.
- 5Executive compensation was approved by a non-binding advisory vote.
- 6Director elections saw substantial support, with each nominee receiving a high percentage of 'For' votes.
- 7The ratification of independent accountants received overwhelming approval from shareholders.