Business Context and Reporting Period
This Form 8-K Current Report is filed by Southern Peru Copper Corporation for the period ending April 30, 2004. The report details corporate governance events occurring at the annual meeting of stockholders held on April 29, 2004, including the election of directors and the ratification of independent accountants.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and personnel changes rather than financial performance.
Material Changes
- Board Composition: Thirteen directors were elected. Two directors represent common shareholders (Luis Miguel Palomino Bonilla and Gilberto Perezalonso Cifuentes), while eleven represent Class A shareholders.
- Director Resignation and Replacement: Mr. Jaime Fernando Collazo González was elected to replace Mr. Héctor García de Quevedo, who resigned from the Board on April 28, 2004.
- Executive Appointments: Mr. Jaime Fernando Collazo González was appointed Vice President, Finance, Chief Financial Officer, and Named Fiduciary to fill the vacancy left by Mr. García de Quevedo. Mr. José N. Chirinos was elected as Treasurer.
- Accounting Firm: PricewaterhouseCoppers was ratified as the independent accountants.
Management Commentary and Risks
Management confirmed that the departing officer, Mr. Héctor García de Quevedo, had no disagreements with the Company or management regarding the resignation. The Company expressed gratitude for his contributions. No specific risks, contingencies, or unusual items were disclosed in this filing.
Investor Verification Checklist
- Verify the full text of the press release (Exhibit 99.1) for additional details on the new board composition.
- Confirm the background and qualifications of the newly appointed CFO, Mr. Jaime Fernando Collazo González.
- Review subsequent filings to ensure the transition of the Treasurer role to Mr. José N. Chirinos was finalized without operational disruption.