Coeur D Alene Mines Corp - Current report filing (8-K)
March 10 2008 - 4:23PM
Edgar (US Regulatory)
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 and
Exchange Act of 1934
Date of Report (Date
of earliest event reported): March 4, 2008
COEUR DALENE MINES CORPORATION
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(Exact name of Registrant as specified in its charter)
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Idaho
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1-8641
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84-0109423
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(State or Other Jurisdiction of
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(Commission File Number)
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(I.R.S. Employer
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Incorporation)
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~
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Identification No.)
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505 Front Avenue,
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83814
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Coeur dAlene, Idaho
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(Zip Code)
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(Address of Principal Executive Office)
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Registrants telephone
number, including area code: (208) 667-3511
Not Applicable
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(Former name or former address, if changed since last report)
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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:
[_]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[_]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[_]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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[_]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item 5.02 Departure of
Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers
On
March 4, 2008, Coeur dAlene Mines Corporation (Coeur or the
Company) announced the appointment of Mitchell J. Krebs to the position of
Senior Vice President Chief Financial Officer. Mr. Krebs will replace James A.
Sabala, Executive Vice President and Chief Financial Officer, who will resign effective
March 21, 2008 to pursue other opportunities.
Mr.
Krebs, age 36, was appointed to the position of Senior Vice President Corporate
Development of Coeur in May 2006. Prior to that, Mr. Krebs served as
Vice President, Corporate Development of Coeur from February 2003 to
May 2006. Mr. Krebs was employed as an independent consultant from
September 2001 through January 2003, and from May 2000 through
August 2001 was employed as the President of Mine Depot Inc. From
August 1999 through April 2000, Mr. Krebs was an associate with
Allied Capital Corporation. From August 1995 through November 1997,
Mr. Krebs was employed by Coeur as Manager, Acquisition Evaluation.
In
connection with the appointment of Mr. Krebs to the position of Senior Vice President - Chief
Financial Officer, the Company and Mr. Krebs entered into the Third Amendment (Amendment)
of Mr. Krebs existing employment agreement, dated July 1, 2005, as amended on July 31,
2006 and July 31, 2007 (Employment Agreement). The Amendment, a copy of which is filed
herewith as Exhibit 10, sets forth certain changes to Mr. Krebs compensation, including
an increase in Mr. Krebs base salary to $262,449 and the payment of a one-time bonus of
$25,000. Furthermore, Mr. Krebs will be entitled to an annual incentive bonus during
each calendar year for the duration of the Employment Agreement payable in cash pursuant
to the Companys Annual Incentive Plan equal to no less than 45% of Mr. Krebs annual
salary and Mr. Krebs will have the opportunity to earn a long-term incentive bonus,
payable in cash and/or stock, stock options or other compensation under the Companys
Long Term Incentive Plan with a target of 140% of his base salary. Such bonuses are at
the discretion of the Board of Directors. Mr. Krebs will also receive a relocation
package consisting of reimbursement by the Company of reasonable relocation expenses in
connection with his relocation to the Coeur dAlene, Idaho region and the provision of
temporary housing for Mr. Krebs in Coeur dAlene pending Mr. Krebs relocation.
Item 9.01 Financial
Statements and Exhibits.
(d)
Exhibits.
The following exhibit is filed
herewith:
Exhibit
10 Third Amendment to Employment Agreement, dated March 7, 2008, between the Registrant
and Mitchell J. Krebs.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused
this report to be signed on its behalf by the undersigned thereunto duly authorized.
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COEUR DALENE MINES CORPORATION
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(Registrant)
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Dated: March 10, 2008
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By:
/s/ Kelli C. Kast
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Kelli C. Kast
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Vice President, General Counsel and
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Corporate Secretary
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