Newmont Mining Corporation (NYSE: NEM) (“Newmont” or the “Company”)
released results
of the Company’s Annual Meeting of Stockholders held on April 23, 2014.
The following matters were voted upon at the meeting: (1) the election
of Directors; (2) the ratification of the appointment of
PricewaterhouseCoopers LLP as the Company’s independent auditors for
2014; (3) the advisory vote on the compensation of the Named Executive
Officers; and (4) a stockholder proposal regarding additional disclosure
on political spending.
The advisory vote on the compensation of Named Executive Officers (“Say
on Pay”) allows stockholders to express their opinions regarding the
decisions of the Compensation Committee on the prior year’s compensation
to Named Executive Officers. The proposal asked stockholders to evaluate
whether the Company’s executive compensation program is well-designed,
appropriately aligns executive pay with Company performance and
incentivizes desirable behavior. The measure was approved by a vote of
90 percent.
The Company’s Director nominees were all reelected with more than 99
percent of votes cast, while ratification of the Company’s independent
auditors received a similar percentage. In support of the Company’s
recommendation to vote against the proposal for additional disclosure on
political spending, more than 81 percent of votes cast were opposed to
the measure.
“The Board and management team would like to thank our stockholders for
participating in the Annual Meeting voting process,” said Gary Goldberg,
President and Chief Executive Officer. “We thank Newmont’s stockholders
for their strong support and ongoing confidence.”
Detailed voting results were reported by the Company on Current Report
on Form 8-K, dated April 28, 2014, which was filed with the U.S.
Securities and Exchange Commission. The report is available on the
Company’s website at www.newmont.com.
About Newmont
Founded in 1921 and publicly traded since 1925, Newmont is a leading
producer of gold and copper. Headquartered in Colorado, the Company has
approximately 30,000 employees and contractors, with the majority
working at managed operations in the United States, Australia, New
Zealand, Peru, Indonesia and Ghana. Newmont is the only gold company
listed in the S&P 500 index and in 2007 became the first gold company
selected to be part of the Dow Jones Sustainability World Index. Newmont
is an industry leader in value creation, supported by its leading
technical, environmental, and health and safety performance.
Copyright Business Wire 2014