Coeur Announces Preliminary Voting Results of 2013 Annual Meeting of Shareholders & Receipt of Favorable ISS Governance Quick...
May 14 2013 - 4:05PM
Business Wire
Coeur d’Alene Mines Corporation (the “Company” or “Coeur”)
(NYSE: CDE, TSX: CDM) today announced preliminary voting results
from the Company’s Annual Meeting of Shareholders, held at The
University Club of Chicago.
Based upon the tally of shares voted, approximately
79 percent of outstanding shares were represented at the
meeting. All director nominees, including Robert E. Mellor, John H.
Robinson, J. Kenneth Thompson, Sebastian Edwards, Mitchell J.
Krebs, Linda L. Adamany, Kevin S. Crutchfield and Randolph E. Gress
were elected to the Company’s Board of Directors. Each director
received at least 98 percent of the votes cast “For.” Mr.
Crutchfield and Mr. Gress are newly elected members of the Board,
and Ms. Adamany was elected by the shareholders for the first time
after her appointment by the Board in March 2013. At the Annual
Meeting, the Company recognized and thanked outgoing directors
James J. Curran and L. Michael Bogert for their significant
contributions and years of service to the Company.
Shareholders also approved on an advisory basis, the Company’s
executive compensation, commonly known as “Say-on-Pay.” The
non-binding proposal provided shareholders the opportunity to
endorse or not endorse the Company’s executive pay programs and
policies. The Company’s Say-on-Pay received approximately
96 percent of the votes cast “For” the proposal.
With approximately 99 percent of the votes cast “For,”
shareholders approved the Company’s proposal to change its state of
incorporation from Idaho to Delaware. The Company expects to
accomplish the reincorporation by converting to a Delaware
corporation as provided in the Idaho Business Corporation Act,
Idaho Entity Transactions Act and Delaware General Corporation Law.
The Company’s filings with the Delaware Secretary of State also
will effect a change of the Company’s name from “Coeur d’Alene
Mines Corporation” to “Coeur Mining, Inc.” The Company expects the
reincorporation to become effective on or about May 16, 2013.
The Company today also announced that it had received a
favorable ISS Governance QuickScore of “2.” The ISS Governance
QuickScore is a quantitative tool designed to identify potential
governance risk within a company. A score of 1 indicates lower
governance risk, while a 10 indicates higher governance risk.
Finally, with approximately 99 percent of the votes cast
“For,” shareholders ratified KPMG LLP as the Company’s independent
registered public accountants for the year ending December 31,
2013.
About Coeur
Coeur d'Alene Mines Corporation is the largest U.S.-based
primary silver producer and a growing gold producer. The Company
has four precious metals mines in the Americas generating strong
production, sales and cash flow. Coeur produces from its wholly
owned operations: the Palmarejo silver-gold mine in Mexico, the San
Bartolomé silver mine in Bolivia, the Rochester silver-gold mine in
Nevada and the Kensington gold mine in Alaska. Coeur has a
non-operating interest in the Endeavor silver-gold mine in
Australia. The Company has two feasibility stage projects, the
Joaquin silver project in Argentina and the La Preciosa silver-gold
project in Mexico. In addition, Coeur conducts ongoing exploration
activities in Mexico, Argentina, Nevada, Alaska and Bolivia. The
Company owns strategic investment positions in eight silver and
gold development companies with projects in North and South
America.
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