Toggle SGML Header (+)


Section 1: 10-K/A (FORM 10-K/A)

hl20200212_10ka.htm
true 0000719413 xbrli:shares iso4217:USD 0000719413 2019-12-31 2019-12-31 0000719413 hl:CommonStockCustomMember 2019-12-31 2019-12-31 0000719413 hl:SeriesBCumulativeConvertiblePreferredStockCustomMember 2019-12-31 2019-12-31 0000719413 2020-02-06 0000719413 2019-06-30
 --12-31 FY 2019  


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
____________________
 
Form 10-K/A
(Amendment No. 1)
____________________
 
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
  For the fiscal year ended December 31, 2019
 
OR
 
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
  For the transition period from to
 
Commission file No. 1-8491
 
HECLA MINING COMPANY
(Exact name of registrant as specified in its Charter)
 
Delaware
77-0664171
State or Other Jurisdiction of
Incorporation or Organization
I.R.S. Employer
Identification No.
   
6500 N. Mineral Drive, Suite 200
Coeur d’Alene, Idaho
83815-9408
Address of Principal Executive Offices
Zip Code
 
208-769-4100
Registrant’s Telephone Number, Including Area Code
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
Trading Symbol(s)
 Name of each exchange
on which registered
Common Stock, par value $0.25 per share
HL
New York Stock Exchange
Series B Cumulative Convertible Preferred Stock, par value $0.25 per share
HL-PB
New York Stock Exchange
 
 Securities registered pursuant to Section 12(g) of the Act: None
 
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☑   No ☐
 
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐   No
 
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months, and (2) has been subject to such filing requirements for the past 90 days. Yes ☑   No ☐
 
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☑   No ☐
 
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act:
Large Accelerated Filer  ☒
Accelerated filer  ☐
Non-accelerated filer  ☐
Smaller reporting company 
Emerging growth company ☐
 
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
 
 

 
 
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes  No ☒
 
The aggregate market value of the registrant’s voting Common Stock held by non-affiliates was $868,456,633 as of June 30, 2019. There were 488,870,345 shares of the registrant’s Common Stock outstanding as of June 30, 2019, and 523,216,426 shares outstanding as of February 6, 2020
 
Documents incorporated by reference herein:
 
To the extent herein specifically referenced in Part III, the information contained in the Proxy Statement for the 2020 Annual Meeting of Shareholders of the registrant, which will be filed with the Commission pursuant to Regulation 14A within 120 days of the end of the registrant’s 2019 fiscal year, is incorporated herein by reference. See Part III.
 
 

 
 
EXPLANATORY NOTE
 
This Amendment No. 1 to Form 10-K (this “Amendment”) amends the Annual Report on Form 10-K for the fiscal year ended December 31, 2019, originally filed by Hecla Mining Company (the “Company”) on February 10, 2020 (the “Original Filing”). Due to a clerical error, the Company reported an incorrect number of shares outstanding on the cover page of the Original Filing. This Amendment corrects the number of shares outstanding on the cover page and updates Item 15 of Part II of the Original Filing to reflect the additions of Exhibits 31.3 and 31.4, which are filed with this Amendment. Except as described in this Explanatory Note, no other changes have been made to the Original Filing. The Original Filing continues to speak as of its filing date, and we otherwise have not updated the Original Filing to reflect any events which occurred subsequent to the filing date of the Original Filing.
 
 

 
 
PART IV
 
Item 15. Exhibits and Financial Statement Schedules
 
(a)     (1)     Financial Statements
 
 See Index to Financial Statements on Page F-1
 
(a)     (2)     Financial Statement Schedules
 
 Not applicable
 
(a)     (3)     Exhibits
 
Hecla Mining Company and Wholly-Owned Subsidiaries
Form 10-K - December 31, 2019
Index to Exhibits
 
3.1
   
3.2
   
4.1
   
4.2(a)
   
4.2(b)
   
4.2(c)
   
4.2(d)
   
4.2(e)
   
4.2(f)
 
 

 
 
4.3(a)
   
4.3(b)
   
4.4
   
4.5(a)
   
4.5(b)
   
10.1
   
10.2
   
10.3
   
10.4
   
10.5
   
10.6
   
10.7
   
10.8
   
10.9
 
 

 
 
10.10
   
10.11
   
10.12
   
10.13
   
10.14 Hecla Mining Company Nonqualified Plans Master Trust Agreement. Filed as exhibit 10.5(c) to Registrant’s Annual Report on Form 10-K for the year ended December 31, 1994 (File No. 1-8491) and incorporated herein by reference. (1)
   
21
   
23.1
   
31.1
   
31.2
   
31.3
   
31.4
   
32.1
   
32.2
   
95
   
101.INS
Inline XBRL Instance Document - The instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.**, ***
   
101.SCH
Inline XBRL Taxonomy Extension Schema.**, ***
   
101.CAL
Inline XBRL Taxonomy Extension Calculation.**, ***
   
101.DEF
Inline XBRL Taxonomy Extension Definition.**, ***
   
101.LAB
Inline XBRL Taxonomy Extension Labels.**, ***
   
101.PRE
Inline XBRL Taxonomy Extension Presentation.**, ***
   
104
Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)
__________________________________
 
 
(1)
Indicates a management contract or compensatory plan or arrangement.
 
*Filed herewith
 
**XBRL information is furnished and not filed or a part of a registration statement or prospectus for purposes of Section 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.
 
***Filed as an exhibit to the Annual Report on Form 10-K filed by Hecla Mining Company on February 10, 2020.
 
 

 
 
Signatures
 
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
HECLA MINING COMPANY
 
     
By:
/s/ Phillips S. Baker, Jr.
 
 
Phillips S. Baker, Jr., President,
Chief Executive Officer and Director
 
     
Date:
February 13, 2020
 
 
(Back To Top)

Section 2: EX-31.3 (EXHIBIT 31.3)

ex_172398.htm

Exhibit 31.3

 

CERTIFICATIONS

 

I, Phillips S. Baker, Jr., certify that:

 

1.

I have reviewed this annual report on Form 10-K/A of Hecla Mining Company;

 

2.

Based on my knowledge, this annual report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

 

 

 

Date:

February 13, 2020

 

 

/s/ Phillips S. Baker, Jr.                                         

 

Phillips S. Baker, Jr.

 

President, Chief Executive Officer and Director

 

 

(Back To Top)

Section 3: EX-31.4 (EXHIBIT 31.4)

ex_172399.htm

Exhibit 31.4

 

CERTIFICATIONS

 

I, Lindsay A. Hall, certify that:

 

1.

I have reviewed this annual report on Form 10-K/A of Hecla Mining Company;

 

2.

Based on my knowledge, this annual report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

 

 

Date:

February 13, 2020

 

 

/s/ Lindsay A. Hall                                                    

 

Lindsay A. Hall

 

Senior Vice President and Chief Financial Officer

 

 

(Back To Top)