Stillwater Announces Preliminary Results of Annual Meeting

Before you go, we thought you'd like these...
Before you go close icon

Stillwater Announces Preliminary Results of Annual Meeting

BILLINGS, Mont.--(BUSINESS WIRE)-- Stillwater Mining Company (NYS: SWC) (TSX:SWC.U) ("Stillwater" or the "Company") today announced that, based on the preliminary number of proxies turned over to IVS Associates, Inc., the independent Inspector of Elections at the 2013 Annual Meeting of Shareholders held today, the Company believes that shareholders have voted to elect to the Board of Directors four nominees proposed by Stillwater - Francis R. McAllister, George M. Bee, Michael S. Parrett and Gary A. Sugar - and four nominees proposed by the Clinton Group, Inc. ("Clinton Group") - Charles R. Engles, Michael McMullen, Patrice E. Merrin and Brian Schweitzer.

The Company issued the following statement:


"We thank all our shareholders for their participation throughout this process. Over the last several weeks, we have had the opportunity to engage in productive and informative discussions with many Stillwater shareholders, and we value their continued input. Shareholders overwhelmingly recognize that we have a world-class resource base and that we have become one of the leading palladium producers in the world. We are committed to working collaboratively with our new and existing directors to create long-term value for all shareholders and ensure Stillwater's bright future."

Craig L. Fuller, Patrick M. James, Steven S. Lucas and Sheryl K. Pressler have shown outstanding leadership and dedication to Stillwater and the Company thanks them for their service to Stillwater and our shareholders over the years.

IVS Associates, Inc., the independent Inspector of Elections, has indicated that it expects to issue certified results in due course, following the customary review period.

About Stillwater Mining Company

Stillwater Mining Company is the only U.S. producer of palladium and platinum and is the largest primary producer of platinum group metals outside of South Africa and the Russian Federation. The Company's shares are traded on the New York Stock Exchange under the symbol SWC and on the Toronto Stock Exchange under the symbol SWC.U. Information on Stillwater Mining Company can be found at its website: www.stillwatermining.com.

Some statements contained in this news release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and, therefore, involve uncertainties or risks that could cause actual results to differ materially. These statements may contain words such as "believes," "anticipates," "plans," "expects," "intends," "projects", "estimates," "forecast," "guidance," or similar expressions. These statements are not guarantees of the Company's future performance and are subject to risks, uncertainties and other important factors that could cause our actual performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Such statements include, but are not limited to, comments regarding expansion plans, costs, grade, production and recovery rates, permitting, financing needs, the terms of future credit facilities and capital expenditures, increases in processing capacity, cost reduction measures, safety, timing for engineering studies, and environmental permitting and compliance, litigation, labor matters and the palladium and platinum market. Additional information regarding factors, which could cause results to differ materially from management's expectations, is found in the section entitled "Risk Factors" in the Company's 2012 Annual Report on Form 10-K and in subsequent filings with the United States Securities & Exchange Commission. The Company intends that the forward-looking statements contained herein be subject to the above-mentioned statutory safe harbors. Investors are cautioned not to rely on forward-looking statements. The Company disclaims any obligation to update forward-looking statements.



INVESTOR CONTACTS:
Stillwater Mining Company
Mike Beckstead
406-373-8971
or
Innisfree M&A Incorporated
Arthur Crozier / Jennifer Shotwell / Scott Winter
212-750-5833
or
MEDIA CONTACTS:
Sard Verbinnen & Co
Dan Gagnier / Michael Henson
212-687-8080

KEYWORDS:   United States  North America  Montana

INDUSTRY KEYWORDS:

The article Stillwater Announces Preliminary Results of Annual Meeting originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners