First Majestic Announces Voting Results from Annual General Meeting
VANCOUVER, British Columbia – First Majestic Silver Corp. (“First Majestic” or the “Company”) is pleased to announce the voting results for its annual general meeting held on May 25, 2023.
A total of 121,898,845 shares were represented at the meeting, being 44.41% of the Company’s issued and outstanding common shares. The voting results submitted by proxy are as follows:
ELECTION OF DIRECTORS
Director Nominee
Votes For
% For
Votes Withheld
% Withheld
Keith Neumeyer
79,133,059
97.19%
2,288,441
2.81%
Marjorie Co
76,604,882
94.08%
4,816,617
5.92%
Thomas Fudge, Jr.
75,328,385
92.52%
6,093,115
7.48%
Ana Lopez
43,257,068
53.13%
38,164,432
46.87%
Raymond Polman
76,395,313
93.83%
5,026,187
6.17%
Jean Des Rivières
76,379,816
93.81%
5,041,685
6.19%
Colette Rustad
80,156,948
98.45%
1,264,551
1.55%
Shareholders approved setting the total number of directors to seven, re-elected the seven incumbent directors to the Board of Directors, and re-appointment of Deloitte LLP as auditors for the Company.
The non-binding advisory resolution with respect to the Company’s approach to executive compensation as outlined in the Circular was not approved by shareholders.
Thomas Fudge, Chairman of the Board, stated, “We acknowledge the low Say on Pay Advisory Vote and shareholder concerns regarding our disclosure of compensation practices and incentive policies for executives and officers. In 2023, we are committed to engaging with our shareholders to better understand and address their concerns. First Majestic will focus on enhancing our disclosure of the metrics used in determining total compensation, including short-and long term incentives.”
SAY ON PAY ADVISORY VOTE
Votes For
% For
Votes Against
% Against
21,309,139
26.17%
60,112,358
73.83%
ABOUT THE COMPANY
First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine.
First Majestic is proud to offer a portion of its silver production for sale to the public. Bars, ingots, coins and medallions are available for purchase online at its Bullion Store at some of the lowest premiums available.
FOR FURTHER INFORMATION contact info@firstmajestic.com, visit our website at www.firstmajestic.com or call our toll-free number 1.866.529.2807.
FIRST MAJESTIC SILVER CORP.
"signed"
Keith Neumeyer, President CEO
Cautionary note regarding forward-looking statements
Certain statements made and information contained herein may constitute “forward looking information” and “forward looking statements” within the meaning of applicable Canadian and United States securities legislation, including, among other things, information with respect to this presentation. These statements and information are based on facts currently available to the Company and there is no assurance that actual results will meet management’s expectations. Forward-looking statements and information may be identified by such terms as “anticipates”, “believes”, “targets”, “estimates”, “plans”, “expects”, “may”, “will”, “could” or “would”. Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the Company’s plan to focus on enhancing its disclosure metrics used in determining total compensation, including short-and long term incentives . While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. The Company does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws.