quimica y minera chil-sp adr (SQM) Key Developments
Chemical & Mining Co. of Chile Inc. announced delayed 20-F filing
Apr 30 15
On 04/30/2015, Chemical & Mining Co. of Chile Inc. announced that they will be unable to file their next 20-F by the deadline required by the SEC.
Chemical & Mining Co. of Chile Inc. Announces Board Changes
Apr 27 15
Chemical & Mining Co. of Chile Inc. announced that shareholders at the company's General Ordinary Meeting held on April 27, 2015 approved the appointment of Mrs. Joanne L. Boyes and Messrs. Hern n B chi B., Juan Antonio Guzm n M., Robert A. Kirkpatrick, Hans Dieter Linneberg A., Arnfinn F. Prugger, Wolf von Appen B. and Edward J. Waitzer as new Directors of SQM S.A. The new Board of Directors approved to designate Mr. Juan Antonio Guzm n M. as Chairman of the Board of Directors and of the company and Mr. Edward J. Waitzer as Vice Chairman of the Board of Directors and of the company, Messrs. Hern n B chi B., Hans Dieter Linneberg A. and Edward J. Waitzer as members of the Directors' Committee and the Audit Committee of SQM, Mrs. Joanne L. Boyes and Messrs. Arnfinn F. Prugger and Wolf von Appen B. as members of the Health, Safety and Environment Committee of SQM; Messrs. Robert A. Kirkpatrick, Wolf von Appen B. and Edward J. Waitzer as members of the Ad-Hoc Committee of the company, Messrs. Robert A. Kirkpatrick, Hans Dieter Linneberg A. and Edward J. Waitzer as members of the Corporate Governance Committee of the company.
Sociedad Qu mica y Minera de Chile S.A. Approves 2015 Final Dividend, Payable as of May 08, 2015
Apr 24 15
Sociedad Qu mica y Minera de Chile S.A. approved the 2015 distribution and payment of a final dividend of $0.56304 per share. An interim dividend of $0.41493 per share that SQM S.A. paid and distributed as of December 12, 2014 and
the remainder shall be paid by means of a dividend of $0.14811 per share that SQM S.A. shall pay and distribute as of May 08, 2015 and in its equivalent in national currency - that is, $91.54975 per share.
Brower Piven, A Professional Corporation Files a Class Action Lawsuit against Chemical & Mining Co of Chile
Apr 23 15
The securities litigation law firm of Brower Piven, A Professional Corporation, announced that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers of Chemical & Mining Co of Chile Inc. securities during the period between March 4, 2014 and March 17, 2015, inclusive. Investors who wish to become proactively involved in the litigation have until May 18, 2015 to seek appointment as lead plaintiff.
Robbins Geller Rudman & Dowd LLP Files Class Action Suit Against Chemical and Mining Company of Chile Inc
Apr 15 15
Robbins Geller Rudman & Dowd LLP announced that a class action has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers of Chemical and Mining Company of Chile Inc. (SQM) American Depositary Shares during the period between June 30, 2010 and March 17, 2015 (class period). The complaint charges SQM and certain of its officers and/or directors with violations of the Securities Exchange Act of 1934. The complaint alleges that throughout the class period, defendants made materially false and misleading statements and/or failed to disclose that: (i) money from SQM was channeled illicitly to electoral campaigns for Chilean politicians and political parties as far back as 2009; (ii) SQM had filed millions of dollars worth of fictitious tax receipts with Chilean authorities in order to conceal bribery payments from at least 2009 through fiscal 2014; (iii) the company lacked adequate internal controls over financial reporting; and (iv) as a result of the foregoing, the company's financial statements were materially false and misleading at all relevant times and not prepared in accordance with applicable accounting principles. As a result of these false and misleading statements and/or omissions, the price of SQM ADSs was artificially inflated during the class period, reaching a high of over $66.00 per ADS in July 2011. Plaintiff seeks to recover damages on behalf of all purchasers of SQM ADSs during the class period.