Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
There were no unregistered sales of equity securities during the three months ended June 30, 2022.
The following table sets forth information with respect to shares of FCX common stock purchased by us during the three months ended June 30, 2022 , and the approximate dollar value of shares that may yet be purchased pursuant to our share repurchase program:
Period (a) Total
Number of
Shares Purchased (b) Average
Price Paid Per Share (c) Total Number of
Shares Purchased as Part of Publicly Announced Plans or Programs a
(d) Approximate Dollar Value of Shares That May
Yet Be Purchased Under the Plans or Programs a
April 1-30, 2022 2,668,891 $ 46.85 2,668,891 $ 1,846,078,689
May 1-31, 2022 5,581,338 $ 37.64 5,581,338 $ 1,636,023,901
June 1-30, 2022 8,863,479 $ 34.91 8,863,479 $ 1,326,563,372
Total 17,113,708 $ 37.66 17,113,708
a. On November 1, 2021, our Board approved a share repurchase program authorizing repurchases of up to $3.0 billion of our common stock. On July 19, 2022, our Board authorized an increase in the share repurchase program from up to $3.0 billion to up to $5.0 billion. The share repurchase program does not obligate us to acquire any specific amount of shares and does not have an expiration date.
Item 4. Mine Safety Disclosures.
The safety and health of all employees is our highest priority. Management believes that safety and health considerations are integral to, and compatible with, all other functions in the organization and that proper safety and health management will enhance production and reduce costs. Our approach towards the safety and health of our workforce is to continuously improve performance through implementing robust management systems and providing adequate training, safety incentive and occupational health programs. The information concerning mine safety violations or other regulatory matters required by Section 1503(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 104 of Regulation S-K is included in Exhibit 95.1 to this quarterly report on Form 10-Q.
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Item 6. Exhibits.
Filed
Exhibit with this Incorporated by Reference
Number Exhibit Title Form 10-Q Form File No. Date Filed
2.1 *
PT-FI Divestment Agreement dated as of September 27, 2018 among FCX, International Support LLC, PT Freeport Indonesia, PT Indocopper Investama and PT Indonesia Asahan Aluminium (Persero). 10-Q 001-11307-01 11/9/2018
2.2
Supplemental and Amendment Agreement to the PT-FI Divestment Agreement, dated December 21, 2018, among FCX, PT Freeport Indonesia, PT Indonesia Papua Metal Dan Mineral (f/k/a PT Indocopper Investama), PT Indonesia Asahan Aluminium (Persero) and International Support LLC. 10-K 001-11307-01 2/15/2019
3.1
Amended and Restated Certificate of Incorporation of FCX, effective as of June 8, 2016. 8-K 001-11307-01 6/9/2016
3.2
Amended and Restated By-Laws of FCX, effective as of June 3, 2020. 8-K 001-11307-01 6/3/2020
15.1
Letter from Ernst & Young LLP regarding unaudited interim financial statements. X
22.1
List of Subsidiary Guarantors and Subsidiary Issuers of Guaranteed Securities.
10-K 001-11307-01 2/15/2022
31.1
Certification of Principal Executive Officer pursuant to Rule 13a-14(a)/15d – 14(a). X
31.2
Certification of Principal Financial Officer pursuant to Rule 13a-14(a)/15d – 14(a). X
32.1
Certification of Principal Executive Officer pursuant to 18 U.S.C. Section 1350. X
32.2
Certification of Principal Financial Officer pursuant to 18 U.S.C Section 1350. X
95.1
Mine Safety and Health Administration Safety Data. X
101.INS XBRL Instance Document- the XBRL Instance Document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. X
101.SCH Inline XBRL Taxonomy Extension Schema. X
101.CAL Inline XBRL Taxonomy Extension Calculation Linkbase. X
101.DEF Inline XBRL Taxonomy Extension Definition Linkbase. X
101.LAB Inline XBRL Taxonomy Extension Label Linkbase. X
101.PRE Inline XBRL Taxonomy Extension Presentation Linkbase. X
104 The cover page from this Quarterly Report on Form 10-Q, formatted in Inline XBRL. X
* The registrant agrees to furnish supplementally to the Securities and Exchange Commission (SEC) a copy of any omitted schedule or exhibit upon the request of the SEC in accordance with Item 601(a)(5) of Regulation S-K.
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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 thereunto duly authorized.
Freeport-McMoRan Inc.
By: /s/ Ellie L. Mikes
Ellie L. Mikes
Vice President and Chief Accounting Officer
(authorized signatory
and Principal Accounting Officer)
Date: August 5, 2022
S-1
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.