Vote of the Week: Hecla Mining

Vote of the Week: Hecla MiningZoom inDownload PDF

In our “Vote of the Week,” we discuss Hecla Mining which received 56% vote support in 2013 after receiving above 85% support in each of the prior two years. We had initially reported that Hecla failed in 2013 as the company received 49% vote support at its annual meeting on May 15th. However, Hecla took the uncommon step of adjourning the portion of the meeting pertaining to the Say on Pay vote until June 14th at which time additional voters and others who changed their mind swung the vote to a passing level. This is the first occurrence of a company adjourning their Say on Pay vote to a later date that we are aware of. We will monitor the impact, if any, this action has on other companies and their SOP voting procedures.