DENVER--(BUSINESS WIRE)--Newmont Mining Corporation (NYSE: NEM) (Newmont or the Company) released results of the Company’s Annual Meeting of Stockholders held on April 20, 2016. The following matters were voted upon at the meeting: (1) the election of Directors; (2) the ratification of the appointment of the Company’s independent registered public accounting firm for 2016; and (3) the advisory vote on the compensation of the Named Executive Officers.
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 more than 91 percent of votes cast.
The Company’s Director nominees were all elected with more than 98 percent of votes cast, and the appointment of the Company’s independent registered public accounting firm for 2016 was approved by more than 99 percent of votes cast.
“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 appreciate Newmont’s investors for their strong support and ongoing confidence in the Company.”
Detailed voting results were reported by the Company on Current Report on Form 8-K, dated April 22, 2016, which was filed with the U.S. Securities and Exchange Commission. The report is available on the Company’s website at www.newmont.com.
Newmont is a leading gold and copper producer. The Company employs approximately 27,000 employees and contractors, with the majority working at managed operations in the United States, Australia, Ghana, Peru, Indonesia and Suriname. Newmont is the only gold producer listed in the S&P 500 index and was named the mining industry leader by the Dow Jones Sustainability World Index in 2015. The Company is an industry leader in value creation, supported by its leading technical, environmental, social and safety performance. Newmont was founded in 1921 and has been publicly traded since 1925.