First Majestic Silver AGM Records 58.8% Participation, 99.5% Director Approval
AG•First Majestic Silver shareholders representing 58.77% of shares approved all AGM proposals, including fixing board size at six directors with 99.45% support and appointing Deloitte LLP as auditor with 87.01% for. The non-binding say-on-pay garnered 65.64% approval while 97.34% backed LTIP entitlements.
1. AGM Participation and Voting Overview
At the AGM held June 10 in Vancouver, 290,164,319 shares representing 58.77% of issued common shares were voted. All resolutions put before shareholders received majority approval.
2. Board Size and Director Elections
Shareholders set the board size at six directors with 99.45% support. Elections saw five nominees exceed 98% approval, while Thomas F. Fudge Jr. garnered just 69.87% support with 30.13% of votes withheld.
3. Auditor Appointment and Say-on-Pay Vote
Deloitte LLP was appointed auditor with 87.01% of votes in favour and 12.99% withheld. The non-binding advisory on executive compensation passed with 65.64% support and 34.36% opposition.
4. LTIP Entitlements Approval
The approval of unallocated entitlements under the long-term incentive plan received 97.34% support, ratifying grants made since May 26, 2025 and securing the Company’s equity incentive framework.
