secwatch.observer — SEC 8-K summary
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Issuer:     FREEPORT-MCMORAN INC (FCX)
CIK:        0000831259
Form:       8-K
Filed at:   2024-02-09T23:59:59+00:00
Accession:  0000831259-24-000005
Event type: leadership
Sentiment:  positive
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Freeport-McMoRan appoints Kathleen Quirk as CEO, Adkerson remains Chairman
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- Kathleen Quirk to become President and CEO effective June 11, 2024; Richard Adkerson remains Chairman.
- Quirk has been with FCX since 1989, served as CFO (2003-2022) and President since 2021, joined board in 2023.
- Compensation: Quirk's base salary increases to $1.4M, Adkerson's decreases to $1.2M; Quirk long-term incentive target $1.825M.
- Approximately 70% of targeted compensation for both executives is performance-based.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/831259/000083125924000005/0000831259-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/831259/000083125924000005/fcx-20240206.htm
  HTML page:      https://secwatch.observer/filing/0000831259-24-000005

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer