Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - HECLA MINING CO/DE/ | hecla_8k-052110.htm |
| EX-3.1 - EXHIBIT 3.1 - HECLA MINING CO/DE/ | ex3-1.htm |
Exhibit
99.1
NEWS
RELEASEHECLA
ADJOURNS PORTION OF ITS ANNUAL MEETING UNTIL JUNE 18, 2010
FOR
IMMEDIATE RELEASE
May 26,
2010
COEUR D’ALENE, IDAHO -- Hecla Mining
Company (NYSE:HL) today
announced that it adjourned a portion of the annual meeting of shareholders on
Proposal 3 until June 18 to allow the holders of a majority of outstanding
shares of common stock to vote on the matter. All other matters before the
shareholders were completed at the meeting on May 21. The proposal concerns the
adoption of Hecla’s 2010 Stock Incentive Plan and the reservation of
20 million shares for the plan.
The
adjournment with respect to Proposal 3 will be until 10:00 a.m., Pacific Time,
on Friday, June 18, 2010, at Hecla’s corporate offices at 6500 North Mineral
Drive, Suite 200 in Coeur d’Alene, Idaho. At that meeting, a shareholder vote on
the adoption of the 2010 Stock Incentive Plan will take place. The polls are
currently open with respect to Proposal 3 only and will remain open until 10:00
a.m., Pacific Time, on June 18, 2010. The record date for purposes of
eligibility to vote remains March 23, 2010.
As of May
21, 2010, approximately 97 million of the approximately 242 million outstanding
shares eligible to vote have been voted, with approximately 72% of votes cast in
favor of Proposal 3, 21% against and 7% abstaining. The meeting is being
adjourned for the purpose of obtaining more shareholder votes on Proposal 3 in
order to meet the New York Stock Exchange’s requirement that a majority of
outstanding common shares be voted on Proposal 3. During the pendency of the
adjourned meeting, shareholders holding shares as of the record date (March 23,
2010) who have not yet voted are encouraged to vote on Proposal 3. Brokers
cannot vote the shares on this non-routine matter, so shareholders holding
shares through a brokerage firm must vote their shares for the purposes of
receiving sufficient votes to decide this issue. Shareholders may also change
their vote by executing a new proxy.
Hecla has
filed a proxy statement pursuant to which the company is soliciting proxies in
connection with seeking shareholder approval of Proposal 3 with the Securities
and Exchange Commission (the “SEC”). Shareholders are urged to read the proxy
statement and other relevant documents filed with the SEC.
Hecla Mining Company, headquartered in
Coeur d'Alene, Idaho, mines, processes and explores for silver and gold in the
United States and Mexico. A 119-year-old company, Hecla has long been well known
in the mining world and financial markets as a quality producer of silver and
gold. Hecla's common and preferred shares are traded on the New York Stock
Exchange under the symbols “HL,” “HL-PrB” and “HL-PrC.”
Contact: Don
Poirier, vice president – corporate development, 208/769-4128
Hecla's Home Page can be accessed on
the Internet at www.hecla-mining.com.