UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 29, 2023, pursuant to the terms of the Amended and Restated Equity Incentive Plan (the “Plan”) of McEwen Mining Inc., a Colorado corporation (the “Company”), time-based vesting restricted stock awards were granted to each of Perry Ing, Interim Chief Financial Officer, and William Shaver, Interim Chief Operating Officer, covering 2,556 shares and 3,197 shares of restricted common stock, respectively, with such shares vesting, if at all, in three substantially equal annual installments on December 31, 2023, December 31, 2024, and December 31, 2025. In addition, in lieu of paying cash compensation to Messrs. Ing and Shaver for their services provided to the Company from May 1, 2022 to March 31, 2023, additional time-based vesting restricted stock awards were granted to each of them covering 44,097 shares and 60,333 shares of restricted common stock, respectively, with such shares vesting, if at all, in three substantially equal annual installments on December 31, 2023, June 30, 2024, and December 31, 2024. The vesting of the restricted stock awards is subject to the continuous service of the applicable grantee through the vesting dates associated with each award (the period between the date of grant of the restricted stock and the date on which the shares of restricted common stock vest, the “Restricted Period”). During the Restricted Period, the applicable grantee may not sell or otherwise transfer the shares of restricted common stock underlying the restricted stock awards, but the applicable grantee will otherwise be entitled to full ownership of the underlying shares of common stock subject to vesting, including with respect to voting and dividend rights. In the event that a grantee ceases to provide services to the Company during the Restricted Period, all of such grantee’s restricted shares that are not then vested will be forfeited immediately and automatically to the Company as of the date of termination. In the event that a grantee’s service with the Company is terminated by the Company for cause (as determined by the Company), such grantee will forfeit all shares underlying the grantee’s restricted stock award, whether or not then vested.
| Item 7.01 | Regulation FD Disclosure |
On July 6, 2023, the Company issued a press release announcing the results of the annual meeting of shareholders held on June 29, 2023. A copy of that press release is furnished with this report as Exhibit 99.1.
| Item 9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits. The following exhibits are furnished or filed with this report, as applicable: |
| 99.1 | Press release dated July 6, 2023 |
| 104 | Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document (contained in Exhibit 101) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| McEWEN MINING INC. | ||
| Date: July 6, 2023 | By: | /s/ Carmen Diges |
| Carmen Diges, General Counsel | ||