Cliffs Natural Resources Inc. Provides Update on Change in Control Payouts And Announces Resignation of Director Timothy Sullivan
CLEVELAND - Aug. 15, 2014 - Cliffs Natural Resources Inc. (NYSE: CLF) today announced that as a result of the Company's incentive equity plan for officers and key employees and the change in control provisions in that plan, including certain change [...]
CLEVELAND - Aug. 7, 2014 - Cliffs Natural Resources Inc. (NYSE: CLF) today announced that the Company's Board of Directors has appointed Lourenco Goncalves to the positions of Chairman, President and Chief Executive Officer, effective immediately.
Cliffs Natural Resources Inc. (NYSE:CLF) today announced that, based upon the preliminary report of the Inspector of Elections, IVS Associates, Inc., five Cliffs directors have been re-elected to the Board Mark E. Gaumond, Gary B. Halverson, Janice K. Henry, Richard K. Riederer and Timothy W. Sullivan. The preliminary report also indicates that they will be joined by six newly elected directors, Lourenco Goncalves [...]
Casablanca Capital LP, (“Casablanca”) the beneficial owner of approximately 5.2% of Cliffs Natural Resources (NYSE:CLF) (“Cliffs”) shares, today issued the following statement regarding Cliffs’ acknowledgement that shareholders have elected all six of Casablanca’s nominees to the Company’s 11-member Board of Directors: “We are pleased that Cliffs has acknowledged in its 8-K filing today that all six of Casablanca’s [...]
Cliffs Natural Resources Inc. (NYSE:CLF) today made the following statement following the Companys Annual General Meeting: We look forward to receiving the final results of todays vote, and the Board and management team remain deeply committed to continuing to create long-term value for all of our shareholders. We appreciate the support of the Cliffs shareholders who supported the Companys slate and the hard work [...]
Casablanca Capital LP, (“Casablanca”) the beneficial owner of approximately 5.2% of Cliffs Natural Resources (“Cliffs”) shares, announced today that all six of Casablanca’s nominees have been elected to the Cliffs Board of Directors according to preliminary estimates by its proxy solicitor of the voting results at today’s Annual Meeting of Shareholders. Donald Drapkin, Chairman of Casablanca, said, “We are grateful to [...]
CLEVELAND, July 28, 2014 (GLOBE NEWSWIRE) -- Cliffs Natural Resources Inc. (NYSE:CLF) today announced that its Board of Directors declared a quarterly cash dividend on the Company's common shares of $0.15 per share. The cash dividend will be payable on Sept. 2, 2014, to shareholders of record as of the close of business on Aug. 15, 2014. About Cliffs Natural Resources Inc. Cliffs Natural Resources Inc. is an [...]
Glass Lewis Recommends Shareholders Vote On WHITE Proxy Card For ALL Seven Cliffs Nominees All Three Proxy Advisory Firms Have Consistently Recommended Cliffs Retain Majority of the Board CLEVELAND, July 24, 2014 (GLOBE NEWSWIRE) -- Cliffs Natural Resources Inc. (NYSE:CLF) today announced that Glass Lewis & Co ("Glass Lewis"), a leading proxy advisory firm, has issued a revised recommendation and now recommends that [...]
Casablanca Capital LP, (“Casablanca”) the beneficial owner of approximately 5.2% of Cliffs Natural Resources (“Cliffs”) shares, today urged its fellow Cliffs shareholders to disregard Glass Lewis’s last minute reversal of its recommendation to vote for Casablanca’s GOLD card. On July 16th, both Institutional Shareholder Services (“ISS”) and Glass Lewis recommended that Cliffs shareholders vote the GOLD proxy card in [...]
Decreases Year-over-Year Capital Spending by 77%, or $210 Million, to $61 Million and Improves Cash-Cost-Per-Ton Rates Across All Business Segments Reports a Net Loss Attributable to Cliffs' Common Shareholders of $2 Million, or $0.01 Per Diluted Share Reduces Full-Year Cash-Cost-Per-Ton Outlook for Bloom Lake Mine and Asia Pacific Iron Ore Achieves Record Quarterly Sales Volume of 2 Million Tons at Bloom Lake Mine [...]
Urges Shareholders to Vote on the WHITE Card to Elect a Board with Seven Cliffs Nominees and Four Casablanca Nominees Voting the Gold Card Risks Giving Casablanca a Majority of the Board CLEVELAND, July 21, 2014 (GLOBE NEWSWIRE) -- Cliffs Natural Resources Inc. (NYSE: CLF) today issued the following open letter to shareholders in connection with its upcoming 2014 Annual Meeting of Shareholders: Dear Fellow Cliffs [...]
Casablanca Capital, the beneficial owner of approximately 5.2% of Cliffs Natural Resources, today issued the following statement on the latest Cliffs press release: “This is a desperate last-minute ploy by a self-interested Board that will stop at nothing to keep its seats, maintain the status quo and prevent real change in our view. We are confident shareholders understand that the only way to achieve meaningful change [...]