Summary
This filing is an amendment (8-K/A) to a previous Current Report filed by Southern Copper Corporation (SCCO) on May 5, 2016. The amendment's sole purpose is to correct an error in the original filing regarding the separation compensation paid to Mr. Agustin Avila Martinez, the former Comptroller. The original report incorrectly stated the compensation in Mexican Pesos, while it should have been in US Dollars. Investors should note that the corrected amount of separation compensation received by Mr. Martinez is US$185,655.00, which was originally reported as 3,328,806 Mexican Pesos. This correction is administrative in nature and does not impact the company's operational or financial performance, but it provides a more accurate disclosure regarding executive compensation.
Key Highlights
- 1Amendment to a prior 8-K filing by Southern Copper Corp.
- 2The amendment corrects an error in reporting separation compensation for former Comptroller, Mr. Agustin Avila Martinez.
- 3Original filing incorrectly reported compensation in Mexican Pesos.
- 4Corrected compensation amount is US$185,655.00.
- 5The original erroneous figure was 3,328,806 Mexican Pesos.
- 6This is an administrative correction and does not involve other changes to the original filing.
- 7The compensation was paid in accordance with the Company's pension plan.