SILVER BULL RESOURCES, INC. (OTCMKTS:SVBL) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07
|
Submission of Matters to a Vote of Security Holders.
|
general meeting of shareholders (the “Meeting”) on April 19,
2017. At the Meeting, four proposals were submitted to the
shareholders for approval as set forth in the Company’s
definitive proxy statement filed with the SEC on February 24,
2017. As of the record date, February 22, 2017, a total of
177,894,967 shares of Silver Bull common stock were outstanding
and entitled to vote. In total, 99,341,550 shares of Silver Bull
common stock were present in person or represented by proxy at
the Meeting, which represented approximately 55.84% of the shares
outstanding and entitled to vote as of the record date.
that were submitted, electing the slate of four persons to the
Company’s Board of Directors, ratifying and approving Smythe LLP
as the Company’s independent registered public accounting firm,
and approving, by non-binding advisory vote, the compensation of
the Company’s named executive officers. For the fourth proposal
submitted, shareholders approved, by non-binding advisory vote,
an annual vote on executive compensation, rather than a triennial
vote. In connection with the election of directors and with the
non-binding advisory vote on executive compensation, there were a
total of 53,885,592 broker non-votes. The votes on the proposals
were cast as set forth below:
the entire slate of directors presented to the shareholders. As a
result, the Company’s Board of Directors consists of the four
persons elected at the Meeting.
|
Name
|
For
|
Withheld
|
||
|
Timothy Barry
|
43,500,587
|
1,955,371
|
||
|
Brian Edgar
|
43,955,894
|
1,500,064
|
||
|
Daniel Kunz
|
43,933,587
|
1,522,371
|
||
|
John McClintock
|
43,940,224
|
1,515,734
|
Smythe LLP as the Company’s independent registered public
accounting firm for the fiscal year ending October 31, 2017.
|
For
|
Against
|
Abstain
|
||
|
94,311,610
|
4,047,254
|
982,686
|
the compensation of the Company’s named executive officers.
|
For
|
Against
|
Abstain
|
||
|
41,776,173
|
3,312,143
|
367,642
|
||
the frequency of future advisory votes on executive compensation.
|
Three (3) Years
|
Two (2) Years
|
One (1) Year
|
Abstain
|
|
21,198,658
|
390,758
|
22,889,561
|
976,981
|
Company’s Board of Directors determined on April 19, 2017, that
the Company will hold an advisory vote on named executive officer
compensation every year until the Company’s Board of Directors
decides to hold the next shareholder advisory vote on the
frequency of advisory votes, which shall be no later than the
Company’s annual general meeting of shareholders in 2023.
About SILVER BULL RESOURCES, INC. (OTCMKTS:SVBL)
Silver Bull Resources, Inc. is an exploration stage-company. The Company has the option to acquire a number of property concessions in Mexico within the Sierra Mojada District, located in the west-central part of the state of Coahuila, Mexico. The Company conducts its operations in Mexico through its subsidiaries, Minera Metalin S.A. de C.V. and Contratistas de Sierra Mojada S.A. de C.V., and through its indirect subsidiary Minas de Coahuila SBR S.A. de C.V. The Company’s Sierra Mojada project (the Sierra Mojada Project) is located in the west central part of the state of Coahuila, Mexico, near the Coahuila-Chihuahua state border approximately 200 kilometers south the Rio Grande River. The principal mining area extends for approximately five kilometers in east-west direction along the base of the precipitous, approximately 1,000 meter high, Sierra Mojada Range. The Sierra Mojada Project consists of approximately 30 concessions consisting of approximately 20,950 hectares. SILVER BULL RESOURCES, INC. (OTCMKTS:SVBL) Recent Trading Information
SILVER BULL RESOURCES, INC. (OTCMKTS:SVBL) closed its last trading session down -0.0001 at 0.0849 with shares trading hands.
