| Sincerely, | | | | |
| ![]() | | | ![]() | |
| Germán Larrea Mota-Velasco | | | Oscar González Rocha | |
| Chairman of the Board of Directors | | | President and Chief Executive Officer | |
| 1440 E. Missouri Avenue, Suite 160, Phoenix, AZ 85014 U.S.A. TEL: +(602) 264-1375 | | | Avenida Caminos del Inca No. 171, Chacarilla del Estanque, Santiago de Surco, C.P. 15038, Peru TEL: +(511) 512-0440, ext. 3442 | | | Edificio Parque Reforma, Campos Eliseos No. 400, 12th Floor, Col. Lomas de Chapultepec, Delegacion Miguel Hidalgo Mexico City, C.P. 11000, Mexico TEL: +(52-55) 1103-5320 | |
Common Stock Director | | | Age | | | Position | |
Germán Larrea Mota-Velasco | | | | | Chairman of the Board and Director | | |
Oscar González Rocha | | | | | President, Chief Executive Officer, and Director | | |
Vicente Ariztegui Andreve | | | | | Director | | |
Enrique Castillo Sánchez Mejorada | | | | | Director | | |
Leonardo Contreras Lerdo de Tejada | | | | | Director | | |
Xavier García de Quevedo Topete | | | |||||
| | Director | | ||||
Luis Miguel Palomino Bonilla | | | | | Director | | |
Gilberto Perezalonso Cifuentes | | | | | Director | | |
Carlos Ruiz Sacristán | | | | | Director | |
| | | Southern Copper Corporation | | | Southern Copper Corporation | | |||||||||||||||||||
| Shares of Common Stock Beneficially Owned | | Percent of Outstanding Common Stock | | | Shares of Common Stock Beneficially Owned | | Percent of Outstanding Common Stock | | |||||||||||||||||
Americas Mining Corporation, 1440 E. Missouri Avenue, Suite 160, Phoenix, AZ 85014 (a) | | | | 687,275,997 | | | | | 88.9% | | | | | | 687,275,997 | | | | | 88.9% | | |
| | Southern Copper Corporation | | ||||||||||
Director/Executive Officer | | | Shares of Common Stock Beneficially Owned(a) | | | Percent of Outstanding Common Stock | | ||||||
Germán Larrea Mota-Velasco | | | | | | | | | | (b) | | | |
Oscar González Rocha | | | | | 134,539 | | | | | | (b) | | |
Vicente Ariztegui Andreve | | | | | | | | | | (b) | | | |
Enrique Castillo Sánchez Mejorada | | | | | | | | | | (b) | | | |
Leonardo Contreras Lerdo de Tejada | | | | | | | | | | (b) | | | |
Edgard Corrales | | | | | 0 | | | | | | | | |
Xavier García de Quevedo Topete | | | | | | | | | | (b) | | | |
Raúl Jacob | | | | | 0 | | | | | | | | |
Jorge Lazalde | | | | | 0 | | | | | | | | |
Luis Miguel Palomino Bonilla | | | | | | | | | | (b) | | | |
Gilberto Perezalonso Cifuentes | | | | | | | | | | (b) | | | |
Carlos Ruiz Sacristán | | | | | | | | | | (b) | | | |
Lina Vingerhoets | | | | | 0 | | | | | | | | |
All nominees, directors and executive officers as a group (15 individuals) | | | | | | | | | | | | |
Director/Executive Officer | | | Grupo Mexico | | ||||||||||||||||||||||
| Grupo Mexico | | ||||||||||||||||||||||||
Director/Executive Officer | | | Shares of Common Stock Beneficially Owned | | Percent of Outstanding Common Stock(a) | | | Shares of Common Stock Beneficially Owned | | Percent of Outstanding Common Stock(a) | | |||||||||||||||
| | | 1,482,239,429 | | | | | 19.03% | | | | | | 1,487,717,390 | | | | | 19.03% | | | |||||
Oscar González Rocha | | | | 3,932,096 | | | | | (a) | | | | | | 3,932,096 | | | | | (a) | | | ||||
Vicente Ariztegui Andreve | | | | 0 | | | | | | | | | | | 0 | | | | | | | | ||||
Alfredo Casar Pérez | | | | 3,126,271 | | | | | (a) | | | |||||||||||||||
Enrique Castillo Sánchez Mejorada | | | | 0 | | | | | | | | | | | 0 | | | | | | | | ||||
Leonardo Contreras Lerdo de Tejada | | | | 440,000 | | | | | (a) | | | | | | 440,000 | | | | | (a) | | | ||||
Edgard Corrales | | | | 36,000 | | | | | (a) | | | | | | 36,000 | | | | | (a) | | | ||||
Xavier García de Quevedo Topete | | | | 2,089,312 | | | | | (a) | | | | | | 2,532,169 | | | | | (a) | | | ||||
Raúl Jacob | | | | 146,424 | | | | | (a) | | | | | | 146,424 | | | | | (a) | | | ||||
Jorge Lazalde(b) | | | | 320,129 | | | | | (a) | | | | | | 300,397 | | | | | (a) | | | ||||
Rafael Mac Gregor Anciola | | | | 0 | | | | | | | | |||||||||||||||
Luis Miguel Palomino Bonilla | | | | 0 | | | | | | | | | | | 0 | | | | | | | | ||||
Gilberto Perezalonso Cifuentes | | | | 0 | | | | | | | | | | | 0 | | | | | | | | ||||
Carlos Ruiz Sacristán | | | | 70,262 | | | | | (a) | | | | | | 70,262 | | | | | (a) | | | ||||
Lina Vingerhoets(c) | | | | 5,821 | | | | | (a) | | | | | | 5,821 | | | | | (a) | | | ||||
All nominees, directors and executive officers as a group (17 individuals) | | | | 1,492,435,875 | | | | | | | | |||||||||||||||
All nominees, directors and executive officers as a group (15 individuals) | | | | 1,495,180,559 | | | | | | | |
| | | | The Audit Committee, as of December 31, 2021 | |
| | | | Luis Miguel Palomino Bonilla Vicente Ariztegui Andreve Enrique Castillo Sánchez Mejorada | |
Fee Category | | 2020 Fees | | 2019 Fees | | | 2021 Fees | | 2020 Fees | | ||||||||||||||||
Audit Fees | | | $ | 1,243,699 | | | | $ | 1,712,445 | | | | | $ | 1,261,766 | | | | $ | 1,243,699 | | | ||||
Audit-Related Fees | | | | 393,379 | | | | | 241,124 | | | | | | 203,057 | | | | | 393,379 | | | ||||
Tax Fees | | | | 310,312 | | | | | 69,084 | | | | | | 208,443 | | | | | 310,312 | | | ||||
All Other Fees | | | | 0 | | | | | 52,854 | | | | | | 401,375 | | | | | 0 | | | ||||
Total Fees | | | $ | 1,947,390 | | | | $ | 2,075,507 | | | | | $ | 2,074,641 | | | | $ | 1,947,390 | | |
| | | | The Compensation Committee, as of December 31, 2021 Germán Larrea Mota-Velasco Oscar González Rocha Xavier García de Quevedo Topete Enrique Castillo Sánchez Mejorada | |
Name and Principal Position | | | Year | | | Salary | | | Bonus(b) | | | All Other Compensation(c) | | | Total | | | |||||||||||||||||
Oscar González Rocha | | | | | 2020 | | | | | $ | 467,541 | | | | | $ | 264,131 | | | | | $ | 664,319 | | | | | $ | 1,395,991 | | | | ||
President and CEO | | | | | 2019 | | | | | $ | 490,371 | | | | | $ | 416,948 | | | | | $ | 732,551 | | | | | $ | 1,639,870 | | | | ||
| | | | | 2018 | | | | | $ | 489,651 | | | | | $ | 395,676 | | | | | $ | 619,437 | | | | | $ | 1,504,764 | | | | ||
Raúl Jacob | | | | | 2020 | | | | | $ | 139,078 | | | | | | — | | | | | $ | 202,452 | | | | | $ | 341,530 | | | | | |
Vice President Finance and CFO | | | | | 2019 | | | | | $ | 145,869 | | | | | | — | | | | | $ | 197,454 | | | | | $ | 343,323 | | | | | |
| | | | | 2018 | | | | | $ | 151,163 | | | | | $ | 23,496 | | | | | $ | 183,718 | | | | | $ | 358,377 | | | | ||
Edgard Corrales | | | | | 2020 | | | | | $ | 128,586 | | | | | | — | | | | | $ | 203,825 | | | | | $ | 332,411 | | | | | |
Vice President, Exploration | | | | | 2019 | | | | | $ | 134,865 | | | | | | — | | | | | $ | 199,155 | | | | | $ | 334,020 | | | | | |
| | | | | 2018 | | | | | $ | 140,123 | | | | | $ | 16,945 | | | | | $ | 183,599 | | | | | $ | 340,667 | | | | ||
Julian Jorge | | | | | 2020 | | | | | $ | 169,427 | | | | | $ | 17,477 | | | | | $ | 75,899 | | | | | $ | 262,803 | | | | ||
Lazalde, Secretary | | | | | 2019 | | | | | $ | 180,000 | | | | | $ | 22,500 | | | | | $ | 100,699 | | | | | $ | 303,199 | | | | ||
| | | | | 2018 | | | | | $ | 182,451 | | | | | $ | 29,629 | | | | | $ | 89,094 | | | | | $ | 301,174 | | | | ||
Lina Vingerhoets | | | | | 2020 | | | | | $ | 91,859 | | | | | | — | | | | | $ | 120,417 | | | | | $ | 212,276 | | | | | |
Comptroller | | | | | 2019 | | | | | $ | 96,345 | | | | | | — | | | | | $ | 115,756 | | | | | $ | 212,101 | | | | | |
| | | | | 2018 | | | | | $ | 96,983 | | | | | $ | 7,686 | | | | | $ | 105,250 | | | | | $ | 209,919 | | | |
Name and Principal Position | | | Year | | | Salary | | | Bonus(b) | | | All Other Compensation(c) | | | Total | | |||||||||||||||
Oscar González Rocha President and CEO | | | | | 2021 | | | | | $ | 421,409 | | | | | $ | 185,936 | | | | | $ | 854,740 | | | | | $ | 1,462,085 | | |
| | | 2020 | | | | | $ | 467,541 | | | | | $ | 264,131 | | | | | $ | 675,117 | | | | | $ | 1,406,789 | | | ||
| | | 2019 | | | | | $ | 490,371 | | | | | $ | 416,948 | | | | | $ | 732,551 | | | | | $ | 1,639,870 | | | ||
Raúl Jacob Vice President Finance and CFO | | | | | 2021 | | | | | $ | 135,205 | | | | | $ | 15,699 | | | | | $ | 292,057 | | | | | $ | 442,961 | | |
| | | 2020 | | | | | $ | 139,078 | | | | | | — | | | | | $ | 202,452 | | | | | $ | 341,530 | | | ||
| | | 2019 | | | | | $ | 145,869 | | | | | | — | | | | | $ | 197,454 | | | | | $ | 343,323 | | | ||
Edgard Corrales Vice President, Exploration | | | | | 2021 | | | | | $ | 115,898 | | | | | $ | 14,487 | | | | | $ | 275,631 | | | | | $ | 406,016 | | |
| | | 2020 | | | | | $ | 128,586 | | | | | | — | | | | | $ | 203,825 | | | | | $ | 332,411 | | | ||
| | | 2019 | | | | | $ | 134,865 | | | | | | — | | | | | $ | 199,155 | | | | | $ | 334,020 | | | ||
Julian Jorge Lazalde Secretary | | | | | 2021 | | | | | $ | 189,925 | | | | | $ | 50,603 | | | | | $ | 79,938 | | | | | $ | 320,466 | | |
| | | 2020 | | | | | $ | 169,427 | | | | | $ | 17,477 | | | | | $ | 75,899 | | | | | $ | 262,803 | | | ||
| | | 2019 | | | | | $ | 180,000 | | | | | $ | 22,500 | | | | | $ | 100,699 | | | | | $ | 303,199 | | | ||
Lina Vingerhoets Comptroller | | | | | 2021 | | | | | $ | 85,923 | | | | | | — | | | | | $ | 183,233 | | | | | $ | 269,156 | | |
| | | 2020 | | | | | $ | 91,859 | | | | | | — | | | | | $ | 120,417 | | | | | $ | 212,276 | | | ||
| | | 2019 | | | | | $ | 96,345 | | | | | | — | | | | | $ | 115,756 | | | | | $ | 212,101 | | |
Name | | Fees Earned or Paid in Cash ($) | | Stock Awards(a) ($) | | Total ($) | | | Fees Earned or Paid in Cash ($) | | Stock Awards(a) ($) | | Stock Awards(b) ($) | | Total ($) | | ||||||||||||||||||||||||||||
Germán Larrea Mota-Velasco | | | $ | 52,000 | | | | $ | 71,808 | | | | $ | 123,808 | | | | | $ | 52,000 | | | | $ | 51,560 | | | | $ | 47,144 | | | | $ | 150,704 | | | |||||||
Oscar González Rocha | | | | — | | | | | — | | | | | — | | | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||
Vicente Ariztegui Andreve | | | $ | 52,000 | | | | $ | 71,808 | | | | $ | 123,808 | | | | | $ | 76,000 | | | | $ | 51,560 | | | | $ | 47,144 | | | | $ | 174,704 | | | |||||||
Alfredo Casar Pérez | | | $ | 52,000 | | | | $ | 71,808 | | | | $ | 123,808 | | | | | $ | 26,000 | | | | $ | — | | | | $ | 0 | | | | $ | 26,000 | | | |||||||
Enrique Castillo Sánchez Mejorada | | | $ | 136,000 | | | | $ | 71,808 | | | | $ | 207,808 | | | | | $ | 130,000 | | | | $ | 51,560 | | | | $ | 47,144 | | | | $ | 228,704 | | | |||||||
Leonardo Contreras Lerdo de Tejada | | | $ | 26,000 | | | | $ | 103,120 | | | | $ | 47,144 | | | | | 176,264 | | | |||||||||||||||||||||||
Xavier García de Quevedo Topete | | | $ | 52,000 | | | | $ | 71,808 | | | | $ | 123,808 | | | | | $ | 52,000 | | | | $ | 51,560 | | | | $ | 47,144 | | | | $ | 50,704 | | | |||||||
Rafael Mac Gregor Anciola | | | $ | 52,000 | | | | $ | 71,808 | | | | $ | 123,808 | | | | | $ | 50,000 | | | | $ | 51,560 | | | | | — | | | | $ | 101,560 | | | |||||||
Luis Miguel Palomino Bonilla | | | $ | 136,000 | | | | $ | 71,808 | | | | $ | 207,808 | | | | | $ | 130,000 | | | | $ | 51,560 | | | | $ | 47,144 | | | | $ | 228,708 | | | |||||||
Gilberto Perezalonso Cifuentes | | | $ | 136,000 | | | | $ | 71,808 | | | | $ | 207,808 | | | | | $ | 68,000 | | | | $ | 51,560 | | | | $ | 23,572 | | | | $ | 143,132 | | | |||||||
Carlos Ruiz Sacristán | | | $ | 52,000 | | | | $ | 71,808 | | | | $ | 123,808 | | | | | $ | 44,000 | | | | $ | 51,560 | | | | $ | 23,572 | | | | $ | 119,132 | | |
| | | Shares of Common Stock Beneficially Owned | | |||
Germán Larrea Mota-Velasco | | | | | | | |
Oscar González Rocha | | | | | 1,212 | | |
Vicente Ariztegui Andreve | | | | | | | |
Alfredo Casar Pérez | | | | | 0 | | |
Enrique Castillo Sánchez Mejorada | | | | | | | |
Leonardo Contreras Lerdo de Tejada | | | | | 2,400 | | |
Xavier García de Quevedo Topete | | | | | | | |
Rafael Mac Gregor Anciola | | | | | | | |
Luis Miguel Palomino Bonilla | | | | | | | |
Gilberto Perezalonso Cifuentes | | | | | | | |
Carlos Ruiz Sacristán | | | | | | |
| | | Dollar Value ($)(a) | | | Number of Shares | | ||||||
Oscar Gonzalez Rocha President and CEO | | | | $ | 0 | | | | | | 0 | | |
Raul Jacob, Vice President, Finance and CFO | | | | $ | 0 | | | | | | 0 | | |
Lina Vingerhoets, Comptroller | | | | $ | 0 | | | | | | 0 | | |
Edgard Corrales, Vice President, Exploration | | | | $ | 0 | | | | | | 0 | | |
Jorge Lazalde, Secretary | | | | $ | 0 | | | | | | 0 | | |
Executive Group | | | | $ | 0 | | | | | | 0 | | |
Non-Executive Director Group | | | | $ | 939,904 | | | | | | 12,800 | | |
Non-Executive Officer Employee Group | | | | $ | 0 | | | | | | 0 | | |
| | | | Southern Copper Corporation | |
| | | | Jorge Lazalde Secretary | |
| Phoenix, Arizona, April 14, 2022 | | | | |