Company: SCCO
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001558370-25-004735
Chunk: 61

Company: SOUTHERN COPPER CORP/
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 61
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 to elect directors.

<div align='center'>PROPOSAL TO AMEND ANDEXTEND THE TERM OF THE DIRECTORS’ STOCK AWARD PLAN FOR THREE YEARS AND AUTHORIZE A GRANT OF SHARES CONTINGENT ON ATTENDANCE AT ALL OF THE BOARD MEETINGS FOR THE RELEVANT QUARTERLY PERIOD</div>

The Company has a stockholder approved plan, the Directors’ Stock Award Plan (“Plan”), attached hereto as Exhibit A, which provides that directors who are not compensated as employees of the Company (the “Eligible Directors”) will be automatically awarded 1,200 Shares upon election and 1,200 additional Shares following each annual meeting of stockholders thereafter. Under the Plan, 600,000 shares have been reserved for awards. The Plan expired by its terms on January 31, 2016. On January 28, 2016, the Board of Directors of the Company ("Board") approved, subject to stockholder approval, a one-year extension of the Plan. On January 26, 2017, the Board approved a further extension of the Plan for one year. On January 25, 2018, the Board approved a further extension of the Plan for five years until January 27, 2023, and an amendment to the Plan to increase the number of shares granted to the non-employee directors following each annual meeting of stockholders from 1,200 to 1,600. On April 22, 2021, the Board amended the Directors’ compensation, so that instead of receiving 1,600 shares following each annual meeting of stockholders, commencing with the second quarter 2021, each Eligible Director is granted 400 Shares quarterly, conditioned upon their attendance at every Board meeting for that quarter. On January 27, 2022, the Board of Directors approved a further five-year extension of the Plan. At the 2022 annual meeting of Stockholders held May 27, 2022, the stockholders approved a five-year extension of the Plan until January 27, 2028. On March 6, 2025, the Board approved, subject to stockholder approval, an extension of the Plan for three years until January 27, 2031, and an amendment so that commencing with the second quarter 2025, each Eligible Director will each be granted additional 200 Shares at the end of each year, contingent upon their attendance at all Board meetings for the year. At March