8-K: SSR Mining Appoints Laura Mullen to Board of Directors Following Leigh Ann Fisher's Resignation

SSR Mining announces the appointment of Laura Mullen to its Board of Directors, effective February 15, 2025, following the resignation of Leigh Ann Fisher for personal reasons.

Summary

• SSR Mining Inc. announced the resignation of Leigh Ann Fisher from its Board of Directors, effective January 30, 2025, due to personal reasons.
• Fisher served on the Audit Committee and Compensation and Leadership Development Committee.
• The company appointed Laura Mullen as a new director, effective February 15, 2025; her term will expire at the next annual meeting in May 2025.
• Mullen will receive standard director compensation.
• Mullen has nearly 40 years of experience in KPMGs audit practice and is currently a Director of Granite Construction, where she chairs the Audit Committee.
• Mullen has been appointed to the Audit Committee of the Board, effective February 15, 2025.

Sentiment

Score: 7

Explanation: The announcement is neutral to positive, highlighting a smooth transition with a qualified new board member and expressing gratitude to the departing member.

Positives

• Laura Mullen's extensive experience in audit and leadership roles at KPMG and Granite Construction is expected to benefit SSR Mining's audit, risk, and cybersecurity oversight.
• The company swiftly appointed a qualified replacement for the resigning director.

Negatives

• The resignation of Leigh Ann Fisher creates a vacancy on the Board and its committees, requiring adjustments in committee assignments.

Risks

• The transition period following a board member's resignation could pose a temporary disruption to board operations.
• Integrating a new board member requires time and resources to ensure they are fully informed and effective.

Future Outlook

The company anticipates Laura Mullen's expertise will enhance its audit, risk, and cybersecurity oversight.

Management Comments

• Rod Antal, Executive Chairman of SSR Mining, stated, 'We are pleased to welcome Laura Mullen to our Board of Directors. Ms. Mullen's extensive experience from her distinguished career at KPMG will be a significant asset to our audit, risk, and cybersecurity oversight.'
• Rod Antal also stated, 'I would also like to thank Leigh Ann for her valuable contributions to SSR Mining during her time on our Board of Directors. On behalf of the Board and our employees, we wish her nothing but the best in the future.'

Industry Context

Board changes are a normal part of corporate governance, and the appointment of a director with extensive audit experience aligns with the industry's focus on strong financial oversight and risk management.

Comparison to Industry Standards

• Granite Construction is one of the largest diversified construction and construction materials companies in the United States.
• KPMG is a global audit firm.

Management Changes

Corporate Governance

Stakeholder Impact

• Shareholders may view the board changes positively due to the addition of a director with extensive audit experience.
• Employees may experience a smooth transition with the new board member.
• The company's governance and oversight functions are expected to remain strong.

Next Steps

• Laura Mullen will join the Board and Audit Committee effective February 15, 2025.
• The company will hold its next annual meeting of stockholders in May 2025.

Key Dates