UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): February 2,
2010
FREEPORT-McMoRan
COPPER & GOLD INC.
(Exact
name of registrant as specified in its charter)
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Delaware
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1-9916
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74-2480931
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(IRS
Employer Identification Number)
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One
North Central Avenue
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Phoenix,
AZ
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85004-4414
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant's
telephone number, including area code: (602) 366-8100
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
[ ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))
[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
Item
5.02. Departure of Directors or
Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers
(e) Annual
Equity Incentive Awards
On
February 2, 2010, the Corporate Personnel Committee (the Committee) of the Board
of Directors of Freeport-McMoRan Copper & Gold Inc. (FCX) approved awards of
performance-based restricted stock units (RSUs) to the executive officers of FCX
under the FCX 2006 Stock Incentive Plan. Similar to past awards of RSUs to our
executive officers, these awards will vest ratably over a three-year period
provided the average return on investment for the five calendar years preceding
the applicable vesting date is at least 6%. The Committee adopted a new form of
award instrument for these RSUs, which revises the definition of return on
investment to conform to the definition included in the FCX 2009 Annual
Incentive Plan, which was approved by our stockholders last year. The FCX
named executive officers received the following awards: James R. Moffett,
Chairman of the Board, received 80,244 RSUs; Richard C. Adkerson, President and
Chief Executive Officer, received 80,244 RSUs; Kathleen L. Quirk, Executive Vice
President, Chief Financial Officer and Treasurer, received 27,135 RSUs; and
Michael J. Arnold, Executive Vice President and Chief Administrative Officer,
received 23,744 RSUs. These awards were in addition to the annual grants of
stock options made to our named executive officers. The form of Notice of
Grant of Performance-Based Restricted Stock Units adopted by the Committee is
attached as an exhibit to this Current Report on Form 8-K and is incorporated
herein by reference (see Exhibit 10.1).
Item
5.03. Amendments to Articles of
Incorporation or Bylaws; Change in Fiscal Year
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(a)
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On
February 2, 2010, the FCX Board of Directors approved an amendment to
Article IX of FCX’s Amended and Restated By-Laws to clarify that advisory
directors may attend board and committee meetings only by invitation of
the board (see Exhibit 3.3).
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Item
8.01. Other
Events
On
February 2, 2010, the FCX Board of Directors adopted a resolution to allow the
Rights Agreement, dated as of May 3, 2000, between FCX and ChaseMellon
Shareholder Services, L.L.C., as Rights Agent (the Rights Agreement), as amended
by Amendment No. 1 to the Rights Agreement, effective as of February 22, 2002,
to expire in accordance with its terms on May 16, 2010.
Item
9.01. Financial Statements and
Exhibits.
(d) Exhibits.
The
Exhibits included as part of this Current Report are listed in the attached
Exhibit Index.
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 hereunto
duly authorized.
FREEPORT-McMoRan
COPPER & GOLD INC.
By: /s/
C. Donald Whitmire, Jr.
----------------------------------------
C. Donald
Whitmire, Jr.
Vice
President and Controller -
Financial
Reporting
(authorized
signatory and
Principal
Accounting Officer)
Date: February
5, 2010
Freeport-McMoRan
Copper & Gold Inc.
Exhibit
Index
Exhibit
Number
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Freeport-McMoRan
Copper & Gold Inc. Amended and Restated By-Laws, as amended effective
February 2, 2010.
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Freeport-McMoRan
Copper & Gold Inc. Form of Notice of Grant of Performance-Based
Restricted Stock Units.
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