Business Context and Reporting Period
This Form 8-K reports on the results of the 2021 Annual Meeting of Stockholders held by Southern Copper Corporation on May 28, 2021. The filing was submitted on June 2, 2021. The company is incorporated in Delaware and its common stock trades on the New York Stock Exchange (SCCO) and the Lima Stock Exchange.
Key Financial Metrics
This filing is a current report regarding corporate governance and shareholder voting results. It does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The filing text does not provide a clear value for any financial metrics.
Material Changes Versus Prior Period
No material financial changes or operational comparisons to prior periods are disclosed in this document. The report focuses exclusively on the outcomes of the shareholder vote.
Guidance, Outlook, and Voting Results
The filing details the voting outcomes for four proposals presented at the annual meeting. Of the 773,073,269 eligible shares, 746,607,337 shares (approximately 96.58%) were voted.
- Proposal 1 (Election of Directors): All ten director nominees were elected. Vote counts ranged from approximately 694 million to 728 million shares "For" each nominee.
- Proposal 2 (Ratification of Auditors): Shareholders approved the selection of Galaz, Yamazaki, Ruiz Urquiza S.C. (Deloitte Touche Tohmatsu Limited) as independent accountants for 2021. Votes: 745,634,406 In Favor; 833,826 Against.
- Proposal 3 (Executive Compensation): The non-binding advisory vote on executive compensation was approved. Votes: 724,901,394 In Favor; 7,735,974 Against.
- Proposal 4 (Shareholder Proposal): A shareholder proposal described in the April 16, 2021 Proxy Statement was rejected. Votes: 40,655,982 In Favor; 691,964,407 Against.
Important Facts for Investors to Verify
- Verify the specific content of the rejected shareholder proposal (Proposal 4) in the Proxy Statement dated April 16, 2021, to understand the nature of the dissent.
- Confirm the full list of elected directors and their tenure terms in the company's official proxy materials.
- Note that this filing contains no financial performance data; refer to the most recent 10-K or 10-Q for financial metrics.