Southern Copper Corporation
8-K on 07/28/2020   Download
SEC Document
SEC Filing
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934

 

Date of report (Date of earliest event reported): July 28, 2020 (July 23, 2020)

 

SOUTHERN COPPER CORPORATION

(Exact name of registrant as specified in its charter)

 

Delaware   1-14066   13-3849074
(State or Other Jurisdiction
of Incorporation)
  (Commission File Number)   (IRS Employer
Identification Number)

 

1440 E. Missouri Ave., Suite 160, Phoenix, AZ 85014

(Address of principal executive offices, including zip code)

 

(602) 264-1375

(Registrant’s telephone number, including area code)

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class:   Trading Symbol   Name of each exchange on which registered:
Common stock, par value $0.01 per share   SCCO   New York Stock Exchange
Lima Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

 

ITEM 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

 

On July 23, 2020, the Board of Directors of Southern Copper Corporation (the “Corporation” or the “Company”) amended the Corporation’s By-Laws to add provisions allowing virtual or remote stockholder meetings or hybrid meetings. In view of the mandatory quarantines worldwide caused by the Covid-19 pandemic, the Board of Directors of the Company deemed it advisable to amend the Company’s By-Laws to allow the Company to hold future annual meetings of stockholders by remote or virtual means or to hold hybrid meetings. The new amendments will enable stockholders to participate either in person or remotely. The Board of directors also amended the Corporation’s By-Laws to add conforming changes for virtual meetings of the Board of Directors or of the Board Committees.

 

The foregoing description of the amendments to the By-Laws is qualified in its entirety by reference to the full text of the Company’s By-Laws, a copy of which is attached hereto as Exhibit 3.2 and incorporated herein by reference.

 

ITEM 5.07 Submission of Matters to a Vote of Security Holders

 

On July 24, 2020, Corporation held its 2020 Annual Meeting of Stockholders. The total outstanding voting securities eligible to vote were 773,058,869 shares of Common Stock. 749,255,039 shares, constituting approximately 96.92 % of the total outstanding shares eligible to vote at the meeting, were present in person or by proxy.  The stockholders were asked to take the following actions:

 

1.     To elect our ten directors, who will serve until the 2021 annual meeting.

 

2.     To ratify the selection by the Audit Committee of the Board of Directors of Galaz,Yamazaki, Ruiz Urquiza S.C., a member firm of Deloitte Touche Tohmatsu Limited, as our independent accountants for calendar year 2020.

 

3.     To approve, by non-binding advisory vote, our executive compensation.

 

PROPOSAL 1 — ELECTION OF DIRECTORS

 

The results of the vote were as follows:

 

   Number of Shares 
Name  For  Withheld  Broker Non-Votes 
Germán Larrea Mota-Velasco   682,610,942   27,976,203   38,667,894 
Oscar González Rocha   678,956,971   31,630,174   38,667,894 
Vicente Ariztegui Andreve   692,069,761   18,517,384   38,667,894 
Alfredo Casar Pérez   688,251,031   22,336,114   38,667,894 
Enrique Castillo Sánchez Mejorada   683,431,033   27,156,112   38,667,894 
Xavier García de Quevedo Topete   678,306,711   32,280,434   38,667,894 
Rafael Mac Gregor Anciola   692,097,438   18,489,707   38,667,894 
Luis Miguel Palomino Bonilla   682,196,575   28,390,570   38,667,894 
Gilberto Perezalonso Cifuentes   674,365,124   36,222,021   38,667,894 
Carlos Ruiz Sacristán   682,173,659   28,413,486   38,667,894 

 

PROPOSAL 2 — APPROVAL OF THE APPOINTMENT OF THE CORPORATION’S INDEPENDENT PUBLIC ACCOUNTANTS

 

The results of the vote were as follows:

 

Number of Votes (1 vote per share) 
In Favor   Against   Abstain   Broker Non-Votes 
 747,171,977    1,917,113    165,949    0 

 

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PROPOSAL 3 — APPROVAL, BY NON-BINDING VOTE, OF THE CORPORATION’S EXECUTIVE COMPENSATION

 

The results of the vote were as follows:

 

Number of Votes (1 vote per share) 

In Favor

of Adoption

  

Against

Adoption

  

 

Abstain

   Broker Non-Votes 
 705,006,244    5,351,435    229,466    38,667,894 

 

ITEM 9.01  Financial Statements and Exhibits

 

(d)            Exhibits:

 

Exhibit 3.2 By-Laws of the Corporation as last amended on July 23, 2020.
   
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

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INDEX TO EXHIBITS

 

Exhibits    
     
3.2   By-Laws of the Corporation as last amended on July 23, 2020.
     
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  SOUTHERN COPPER CORPORATION
   
     
  By: /s/ Andres Carlos Ferrero
  Name: Andres Carlos Ferrero
  Title: General Counsel

 

Date:  July 28, 2020

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