Item 5.07
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Submission of Matters to a Vote of Security Holders.
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Silver Bull Resources, Inc. (the “Company”) held its annual general meeting of shareholders (the “Meeting”) on April 18, 2019. 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 27, 2019. As of the record date, February 22, 2019, a total of 235,868,214 shares of Silver Bull common stock were outstanding and entitled to vote. In total, 129,904,401 shares of Silver Bull common stock were present in person or represented by proxy at the Meeting, which represented approximately 55.07% of the shares outstanding and entitled to vote as of the record date.
At the Meeting, shareholders approved each of the four proposals that were submitted, electing the slate of four persons to the Company’s Board of Directors, approving and adopting the Company’s 2019 Stock Option and Stock Bonus Plan (the “2019 Plan”), ratifying and approving Smythe LLP, Chartered Professional Accountants, 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. In connection with each of the election of directors, the vote on the 2019 Plan, and the non-binding advisory vote on executive compensation, there were a total of 64,332,611 broker non-votes. The votes on the proposals were cast as set forth below:
1.
Proposal No. 1 – Election of Directors. The shareholders elected 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
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For
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Withheld
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Timothy T. Barry
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64,117,854
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1,453,936
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Brian D. Edgar
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61,709,754
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3,862,036
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Daniel J. Kunz
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61,641,904
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3,929,886
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John A. McClintock
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61,594,904
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3,976,886
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2.
Proposal No. 2 – Approval and adoption, on a on a disinterested basis (i.e., excluding any votes of directors and executive officers of the Company), of the 2019 Plan.
For
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Against
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Abstain
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53,811,808
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4,362,963
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902,809
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3.
Proposal No. 3 – Ratification and approval of the appointment of Smythe LLP, Chartered Professional Accountants, as the Company’s independent registered public accounting firm for the fiscal year ending October 31, 2019.
For
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Against
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Abstain
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125,495,838
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2,433,884
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1,974,679
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4.
Proposal No. 4 – Approval, on a non-binding advisory basis, of the compensation of the Company’s named executive officers.
For
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Against
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Abstain
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61,248,610
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2,953,469
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1,369,711
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