To Our Stockholders:
We are pleased to report to you regarding our annual meeting of stockholders held in Wilmington, Delaware on July 10, 2007.
The following is a summary of the number of shares of Common Stock (1) issued and outstanding on May 25, 2007, and entitled to vote at the meeting and (2) held by stockholders present in person or by proxy and entitled to vote at the meeting:
| |
Number of
shares
outstanding
on
May 25, 2007 |
Number of
shares held by
stockholders
present in person
or by proxy |
| Common Stock |
381,461,210 |
315,859,979 |
There were present in person or by proxy stockholders entitled to vote holding at least 82.8% of the outstanding shares on the record date. Accordingly, a quorum was present at the meeting.
The following are the results of voting on the items of business presented at the meeting:
- Holders of the Common Stock elected all sixteen directors with the votes cast as follows:
| Name |
For |
% of
Votes Cast |
Withheld |
% of
Votes Cast |
| Richard C. Adkerson |
307,285,499 |
97.29% |
8,574,480 |
2.71% |
| Robert J. Allison, Jr. |
298,069,210 |
94.37% |
17,790,769 |
5.63% |
| Robert A. Day |
308,457,754 |
97.66% |
7,402,225 |
2.34% |
| Gerald J. Ford |
311,368,423 |
98.58% |
4,491,556 |
1.42% |
| H. Devon Graham, Jr. |
310,503,817 |
98.30% |
5,356,162 |
1.70% |
| J. Bennett Johnston |
290,962,391 |
92.12% |
24,897,588 |
7.88% |
| Charles C. Krulak |
311,624,858 |
98.66% |
4,235,121 |
1.34% |
| Bobby Lee Lackey |
308,649,157 |
97.72% |
7,210,822 |
2.28% |
| Jon C. Madonna |
311,583,410 |
98.65% |
4,276,569 |
1.35% |
| Dustan E. McCoy |
310,327,201 |
98.25% |
5,532,778 |
1.75% |
| Gabrielle K. McDonald |
291,104,710 |
92.16% |
24,755,269 |
7.84% |
| James R. Moffett |
305,864,572 |
96.84% |
9,995,407 |
3.16% |
| B. M. Rankin, Jr. |
291,023,306 |
92.14% |
24,836,673 |
7.86% |
| J. Stapleton Roy |
291,173,224 |
92.18% |
24,686,755 |
7.82% |
| Stephen H. Siegele |
311,680,276 |
98.68% |
4,179,703 |
1.32% |
| J. Taylor Wharton |
308,684,532 |
97.73% |
7,175,447 |
2.27% |
- Holders of the Common Stock approved a proposal to ratify the appointment of Ernst & Young LLP to act as the independent auditors of our and our subsidiaries’ financial statements for the year 2007, with the votes cast as follows:
| For |
% of
Votes Cast |
Against |
% of
Votes Cast |
Abstain |
% of
Votes Cast |
| 312,368,614 |
98.89% |
1,542,878 |
0.49% |
1,948,487 |
0.62% |
- Holders of the Common Stock approved the proposed amendments to the 2006 Stock Incentive Plan, with the votes cast as follows:
| For |
% of
Votes Cast |
Against |
% of
Votes Cast |
Abstain |
% of
Votes Cast |
| 217,728,876 |
82.61% |
43,445,626 |
16.48% |
2,387,707 |
0.91% |
There were broker non-votes consisting of 52,297,770 shares of Common Stock.
Mr. Richard C. Adkerson, Chief Executive Officer and a director, served as Chairman of the meeting. In attendance were ten stockholders who beneficially own approximately 5,600 shares collectively. Also in attendance were the Inspector of Election, one representative of Ernst & Young LLP, and representatives of the Company. There were no other directors present at the meeting.
During the meeting, Mr. Adkerson presented the Company's 2006 Annual Report and the 2006 Working Toward Sustainable Development Report, copies of which were available to the stockholders in attendance. If you would like to receive a copy of the Company’s 2006 Annual Report or the Company's 2006 Working Toward Sustainable Development Report, please contact our Investor Relations Department at 504-582- 4000 or access our web site at www.fcx.com. Mr. Adkerson also provided stockholders with the opportunity to present comments on the matters to be voted upon. No stockholder presented comments. Mr. Adkerson then closed the polls, declared the results of the voting and adjourned the meeting.