Item 5. OTHER INFORMATION.
3K characters. Original on sec.gov ·
Item 5. OTHER INFORMATION.
On September 28, 2022, the Company announced the appointment of Brian Tabolt to interim Chief Financial Officer (principal financial officer), effective November 2, 2022. Mr. Tabolt has served as Newmont’s Vice President, Controller and Chief Accounting Officer since 2021. Mr. Tabolt participates in the Company’s standard compensation programs at the E5 Vice President level. In consideration of the interim service as Chief Financial Officer, Mr. Tabolt will receive a temporary 20% increase in his current base salary and a restricted stock unit grant to be awarded on November 3, 2022 of $700,000, that vests ratably over a three-year period. All other components of Mr. Tabolt’s compensation remain unchanged and consistent with the Company’s disclosed compensation programs. As previously disclosed, there are no other arrangements or understandings related to his appointment to this interim role between Mr. Tabolt and any other persons. Mr. Tabolt does not have a family relationship with any member of the Board of Directors or any executive officer of the Company, and Mr. Tabolt has not been a participant or had any interest in any transaction with the Company that is reportable under Item 404(a) of Regulation S-K.
During the period in which Mr. Tabolt serves as interim Chief Financial Officer, the Company has appointed Joshua Cage to serve as interim Controller and Chief Accounting Officer (principal accounting officer). Mr. Cage has over 18 years of service with Newmont in roles of progressive responsibility and has held the position of Assistant Controller since 2014. Prior to that, he served as Senior Director, Business Planning, Site Controller – Indonesia and Director, Technical Accounting and SEC Reporting. Prior to joining Newmont, Mr. Cage held audit manager and senior auditor roles at Ernst & Young and KPMG, respectively. Mr. Cage participates in the Company’s standard compensation programs at the E6 level. In consideration of the interim service as Controller and Chief Accounting Officer, Mr. Cage will receive a temporary 25% increase in his current base salary and a restricted stock unit grant on November 3, 2022 of $250,000, that vests ratably over a three-year period. All other components of Mr. Cage’s compensation remain unchanged and consistent with the Company’s compensation programs. There are no other arrangements or understandings related to his appointment to this interim role between Mr. Cage and any other persons. Mr. Cage does not have a family relationship with any member of the Board of Directors or any executive officer of the Company, and Mr. Cage has not been a participant or had any interest in any transaction with the Company that is reportable under Item 404(a) of Regulation S-K.
Additionally, the Leadership Development and Compensation Committee approved an additional annual perquisite for Mr. Robert Atkinson, Executive Vice President and Chief Operation Officer, of up to $40,000 for 2022 of reimbursed personal travel costs to the United Kingdom.
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