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

On January 22, 2021, Hecla Mining Company (the "Company") announced that its Board of Directors (the "Board") has appointed Russell D. Lawlar, age 41, as Senior Vice President - Chief Financial Officer and Treasurer, effective March 1, 2021. Mr. Lawlar will succeed Lindsay A. Hall, who will resign as Senior Vice President and Chief Financial Officer, effective February 28, 2021, and will retire from the Company at the end of March 2021. A copy of the related press release is attached as Exhibit 99.1 to this Current Report and is incorporated herein by reference.

In connection with Mr. Lawlar's appointment, he will receive an initial base salary of $265,000 and is eligible to participate in the Company's Short-term Incentive Plan with a target for his position of 70% of base salary, with the opportunity to receive an additional payout depending on the Company's performance. Mr. Lawlar will also receive 3,000 Long-term Incentive Plan units for the 2021-2023 plan period, which shall be prorated from the date of his promotion. He will also be eligible to receive other employee benefits. Mr. Lawlar will also receive $170,000 in the Company's common stock in the form of restricted stock units under the 2010 Stock Incentive Plan, with a vesting schedule of one-third on June 21, 2022, one-third on June 21, 2023, and one-third on June 21, 2024, and $110,000 in performance-based shares, based on the Company's Total Shareholder Return of its common stock for the 3-year period from January 1, 2021 through December 31, 2023.

The Compensation Committee of the Board approved entering into an Indemnification Agreement and Change in Control Agreement with Mr. Lawlar. The Indemnification and Change in Control Agreements are substantially identical to prior agreements entered into with other executive officers of the Company. The material terms of the Identification Agreement are set forth in Exhibit 10.7 to the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2006, which is incorporated herein by reference as Exhibit 10.1. The material terms of the Change in Control Agreement are set forth in Exhibit 10.2 to the Company's Form 10-K for the year-ended December 31, 2015, which is incorporated herein by reference as Exhibit 10.2.



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Item 9.01 Financial Statements and Exhibits.



(d) Exhibits

Exhibit                                  Description
Number

    10.1       Form of Indemnification Agreement between Hecla Mining Company and
             Russell D. Lawlar, incorporated by reference to Exhibit 10.7 to the
             Company's Quarterly Report on Form 10-Q for the quarter ended
             September 30, 2006, and filed on November 9, 2006.

    10.2       Form of Change in Control Agreement between Hecla Mining Company
             and Russell D. Lawlar, incorporated by reference to Exhibit 10.2 to
             the Company's Annual Report on Form 10-K for year-ended December 31,
             2015, and filed on February 23, 2016.

    99.1       News Release dated January 22, 2021. *

     104     Cover Page Interactive Data File (embedded within the Inline XBRL
             document)

             * Filed herewith

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