Stillwater Announces Preliminary Results of Annual Meeting
BILLINGS, Mont. -- May 2, 2013
Stillwater Mining Company (NYSE:SWC) (TSX:SWC.U) (“Stillwater” or the
“Company”) today announced that, based on the preliminary number of proxies
turned over to IVS Associates, Inc., the independent Inspector of Elections at
the 2013 Annual Meeting of Shareholders held today, the Company believes that
shareholders have voted to elect to the Board of Directors four nominees
proposed by Stillwater – Francis R. McAllister, George M. Bee, Michael S.
Parrett and Gary A. Sugar – and four nominees proposed by the Clinton Group,
Inc. (“Clinton Group”) – Charles R. Engles, Michael McMullen, Patrice E.
Merrin and Brian Schweitzer.
The Company issued the following statement:
“We thank all our shareholders for their participation throughout this
process. Over the last several weeks, we have had the opportunity to engage in
productive and informative discussions with many Stillwater shareholders, and
we value their continued input. Shareholders overwhelmingly recognize that we
have a world-class resource base and that we have become one of the leading
palladium producers in the world. We are committed to working collaboratively
with our new and existing directors to create long-term value for all
shareholders and ensure Stillwater’s bright future.”
Craig L. Fuller, Patrick M. James, Steven S. Lucas and Sheryl K. Pressler have
shown outstanding leadership and dedication to Stillwater and the Company
thanks them for their service to Stillwater and our shareholders over the
IVS Associates, Inc., the independent Inspector of Elections, has indicated
that it expects to issue certified results in due course, following the
customary review period.
About Stillwater Mining Company
Stillwater Mining Company is the only U.S. producer of palladium and platinum
and is the largest primary producer of platinum group metals outside of South
Africa and the Russian Federation. The Company’s shares are traded on the New
York Stock Exchange under the symbol SWC and on the Toronto Stock Exchange
under the symbol SWC.U. Information on Stillwater Mining Company can be found
at its website: www.stillwatermining.com.
Some statements contained in this news release are forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended, and,
therefore, involve uncertainties or risks that could cause actual results to
differ materially. These statements may contain words such as "believes,"
"anticipates," "plans," "expects," "intends," "projects", "estimates,"
"forecast," "guidance," or similar expressions. These statements are not
guarantees of the Company's future performance and are subject to risks,
uncertainties and other important factors that could cause our actual
performance or achievements to differ materially from those expressed or
implied by these forward-looking statements. Such statements include, but are
not limited to, comments regarding expansion plans, costs, grade, production
and recovery rates, permitting, financing needs, the terms of future credit
facilities and capital expenditures, increases in processing capacity, cost
reduction measures, safety, timing for engineering studies, and environmental
permitting and compliance, litigation, labor matters and the palladium and
platinum market. Additional information regarding factors, which could cause
results to differ materially from management's expectations, is found in the
section entitled "Risk Factors" in the Company's 2012 Annual Report on Form
10-K and in subsequent filings with the United States Securities & Exchange
Commission. The Company intends that the forward-looking statements contained
herein be subject to the above-mentioned statutory safe harbors. Investors are
cautioned not to rely on forward-looking statements. The Company disclaims any
obligation to update forward-looking statements.
Stillwater Mining Company
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