Hecla Mining (HL) reports SVP Clary exit, consulting role and severance

Q: What leadership change did Hecla Mining Company (HL) disclose in this 8-K?

Hecla Mining Company disclosed that Michael L. Clary ceased serving as Senior Vice President and Chief Administrative Officer effective December 31, 2025 , and that his employment will terminate effective January 1, 2026 .

Q: What role will Michael L. Clary have with Hecla Mining Company (HL) after his employment ends?

Effective January 1, 2026 , after his employment terminates, Michael L. Clary will transition to a consultant of Hecla Mining Company.

Q: What severance payments will Michael L. Clary receive from Hecla Mining Company (HL)?

Under the separation agreement, Michael L. Clary will receive supplemental severance in the form of two annual installment payments of $417,036.43 each.

Q: What does Hecla Mining Company receive in exchange for the severance paid to Michael L. Clary?

The severance is provided as consideration for a release and customary covenants from Michael L. Clary, including non-disparagement and confidentiality .

Q: What type of filing did Hecla Mining Company (HL) use to report this officer departure?

The company reported this event in an Item 5.02 disclosure within a Form 8-K , which covers departures of directors or certain officers, elections of directors, appointments of certain officers, and compensatory arrangements.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Hecla Mining Company reported a leadership change involving one of its senior officers. Effective December 31, 2025, Michael L. Clary ceased serving as Senior Vice President and Chief Administrative Officer. Effective January 1, 2026, his employment with Hecla will terminate and he will move into a consultant role with the company.

Hecla and Mr. Clary entered into a separation agreement that provides supplemental severance in two annual installment payments of $417,036.43 each. These payments are in exchange for a release and customary covenants, including non-disparagement and confidentiality. The company states that this termination is treated as a “Qualifying Termination Outside of the Change in Control Period” under a previously disclosed change in control and severance agreement dated June 5, 2025.

8-K Event Classification

2 items: 5.02, 9.01

2 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

12/31/2025 - 04:02 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

____________________

FORM 8-K

Current Report

PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): December 29, 2025

HECLA MINING COMPANY
(Exact name of registrant as specified in its charter)

Delaware	1-8491	77-0664171
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

6500 North 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

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective as of December 31, 2025, Michael L. Clary ceased serving as Senior Vice President and Chief Administrative Officer of Hecla Mining Company (the “Company”). Effective January 1, 2026, Mr. Clary’s employment with the Company will terminate and he will transition to a consultant of the Company. In connection with the transition, Mr. Clary entered into a separation agreement, which provides for supplemental severance in the form of two annual installment payments of $417,036.43 each, as consideration for a release and customary covenants including non-disparagement and confidentiality. Mr. Clary’s termination of employment will constitute a “Qualifying Termination Outside of the Change in Control Period” under a previously disclosed Change in Control and Severance Agreement, dated June 5, 2025, between the Company and Mr. Clary.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number		Description

104		Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	HECLA MINING COMPANY


	By:	/s/ David C. Sienko
		David C. Sienko Senior Vice President and General Counsel

Dated: December 31, 2025

Source: View Original Filing on SEC EDGAR

FAQ

What leadership change did Hecla Mining Company (HL) disclose in this 8-K?

Hecla Mining Company disclosed that Michael L. Clary ceased serving as Senior Vice President and Chief Administrative Officer effective December 31, 2025, and that his employment will terminate effective January 1, 2026.

What role will Michael L. Clary have with Hecla Mining Company (HL) after his employment ends?

Effective January 1, 2026, after his employment terminates, Michael L. Clary will transition to a consultant of Hecla Mining Company.

What severance payments will Michael L. Clary receive from Hecla Mining Company (HL)?

Under the separation agreement, Michael L. Clary will receive supplemental severance in the form of two annual installment payments of $417,036.43 each.

What does Hecla Mining Company receive in exchange for the severance paid to Michael L. Clary?

The severance is provided as consideration for a release and customary covenants from Michael L. Clary, including non-disparagement and confidentiality.

How is Michael L. Clary’s termination characterized under Hecla Mining Company’s agreements?

Hecla Mining Company states that Michael L. Clary’s termination constitutes a “Qualifying Termination Outside of the Change in Control Period” under a previously disclosed Change in Control and Severance Agreement dated June 5, 2025.

What type of filing did Hecla Mining Company (HL) use to report this officer departure?

The company reported this event in an Item 5.02 disclosure within a Form 8-K, which covers departures of directors or certain officers, elections of directors, appointments of certain officers, and compensatory arrangements.