Business Context and Reporting Period
This Form 8-K Current Report was filed by NEWMONT Corp on July 11, 2025. The filing addresses Item 5.02 regarding the departure of a senior officer and the appointment of an interim successor.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on executive personnel changes and associated compensation arrangements.
Material Changes
- Departure of CFO: Ms. Karyn F. Ovelmen, Executive Vice President and Chief Financial Officer, resigned effective July 11, 2025. The resignation was not due to any disagreement regarding operations, financial statements, or accounting policies.
- Interim Appointment: Mr. Peter Wexler, Executive Vice President and Chief Legal Officer, was appointed as interim Chief Financial Officer effective July 11, 2025.
- Search for Permanent Successor: The Company has commenced a search for a permanent Chief Financial Officer.
Management Commentary, Risks, and Unusual Items
Compensation and Separation Terms:
- Ms. Ovelmen entered into a Separation Agreement dated July 11, 2025.
- She will receive six months of her current base salary and six months of medical insurance coverage post-separation.
- She will not receive other separation or severance benefits under disclosed plans.
- The agreement includes a general release of claims and customary restrictive covenants.
Interim CFO Compensation:
- Mr. Wexler will continue to receive standard compensation at the L6 level as previously disclosed in the 2025 Proxy Statement.
- Supplemental compensation for his interim CFO role has not been determined as of the filing date. Any future awards will be disclosed in an amendment to this report.
Support Structure: Mr. Wexler will be supported by the global finance team, including Mr. Brian Tabolt (Senior Vice President, Global Finance and Chief Accounting Officer) and Mr. Neil Backhouse (Senior Vice President, Investor Relations).
Investor Verification Checklist
- Verify the terms of the Separation Agreement filed as Exhibit 10.1.
- Monitor future filings for the announcement of a permanent Chief Financial Officer.
- Watch for potential amendments to this 8-K regarding supplemental compensation for the interim CFO.
- Review the 2025 Proxy Statement for details on Mr. Wexler's standard L6 level compensation.