leadership
confidence high
sentiment neutral
materiality 0.35
Hecla Mining SVP & CAO Michael Clary to depart Dec 31; receives $834K severance over two years
HECLA MINING CO/DE/
- Michael L. Clary ceases as SVP and Chief Administrative Officer effective Dec 31, 2025; employment terminates Jan 1, 2026.
- Clary will transition to a consultant role for the company after Jan 1, 2026.
- Separation agreement provides supplemental severance of two annual payments of $417,036.43 each for release and covenants.
- Termination qualifies as 'Qualifying Termination Outside of Change in Control Period' under June 5, 2025 agreement.
item 5.02item 9.01