secwatch.observer — SEC 8-K summary
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Issuer:     HECLA MINING CO/DE/ (HL)
CIK:        0000719413
Form:       8-K
Filed at:   2026-11-10T21:54:52+00:00
Accession:  0001193125-26-455667
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Hecla redeems all 150,736 Series B preferred at $50.6806/share; sets up to 50M-share ATM
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- Series B (HL-PB) called for redemption Dec 11, 2026 at $50.00 plus $0.6806 accrued dividends, or $50.6806/share cash; 150,736 shares outstanding totals about $7.64M.
- Holders may convert into 3.2154 common shares per preferred (conversion price $15.55) until 5:00 p.m. ET Dec 10, 2026; full conversion would issue roughly 484,700 HL shares.
- New Equity Distribution Agreement dated Nov 10, 2026 allows sales of up to 50 million common shares through agents at commissions up to 1.5%, under the Feb 2025 Form S-3 shelf.
- CFO Russell D. Lawlar, 47, named Principal Accounting Officer effective Nov 6, 2026, succeeding Stuart Absolom, who left; Hecla says no disagreement on accounting or controls.
- Redemption funded with cash on hand through agent Equiniti Trust; no further Series B quarterly dividend expected and dividends stop accruing on the Dec 11 redemption date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/719413/000119312526455667/0001193125-26-455667-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/719413/000119312526455667/d104256d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-455667

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