Summary
Southern Copper Corporation (SCCO) filed an 8-K on April 30, 2015, reporting the results of its 2015 Annual Meeting of Stockholders held on April 30, 2015. The meeting saw high participation, with approximately 96.49% of outstanding shares present in person or by proxy, indicating strong shareholder engagement. The primary matters voted on included the election of directors, ratification of the independent auditor, and an advisory vote on executive compensation. All proposals presented to shareholders received overwhelming approval. The election of all twelve director nominees passed with a significant majority of votes cast. Similarly, the appointment of Galaz, Yamazaki, Ruiz Urquiza S.C. as the independent accountants for 2015 was ratified with broad support. Finally, the company's executive compensation plan was approved by a non-binding advisory vote. These results suggest shareholder confidence in the company's leadership and financial oversight.
Key Highlights
- 1Southern Copper Corporation held its 2015 Annual Meeting of Stockholders on April 30, 2015.
- 2Approximately 96.49% of outstanding shares were represented at the meeting, demonstrating high shareholder participation.
- 3All twelve director nominees were elected to serve until the 2016 annual meeting.
- 4The appointment of Galaz, Yamazaki, Ruiz Urquiza S.C. as the independent accountants for calendar year 2015 was ratified.
- 5Shareholders approved, by non-binding advisory vote, the company's executive compensation.
- 6The results indicate strong shareholder support for the company's current board and executive compensation practices.