Management Change/Compensation (Form 8-K)

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective as of December 31, 2025, Michael L. Clary ceased serving as Senior Vice President and Chief Administrative Officer of Hecla Mining Company (the "Company"). Effective January 1, 2026, Mr. Clary's employment with the Company will terminate and he will transition to a consultant of the Company. In connection with the transition, Mr. Clary entered into a separation agreement, which provides for supplemental severance in the form of two annual installment payments of $417,036.43 each, as consideration for a release and customary covenants including non-disparagement and confidentiality. Mr. Clary's termination of employment will constitute a "Qualifying Termination Outside of the Change in Control Period" under a previously disclosed Change in Control and Severance Agreement, dated June 5, 2025, between the Company and Mr. Clary.