Silver Bull Resources, Inc. Announces 2024 Annual Meeting of Shareholders

TL;DR

<b>Silver Bull Resources, Inc. is holding its Annual Meeting of Shareholders on April 18, 2024, to elect directors, ratify auditors, and vote on executive compensation.</b>

AI Summary

SILVER BULL RESOURCES, INC. (SVBL) filed a Proxy Statement (DEF 14A) with the SEC on February 27, 2024. Annual Meeting scheduled for April 18, 2024, at 10:00 a.m. local time in Vancouver, BC. Shareholders will vote on the election of four directors. Proposal to ratify Smythe LLP as independent auditors for fiscal year ending October 31, 2024. Vote on ratifying key persons retention agreement dated October 13, 2023. Advisory vote on compensation of named executive officers.

Why It Matters

For investors and stakeholders tracking SILVER BULL RESOURCES, INC., this filing contains several important signals. Shareholder approval is required for director elections and auditor ratification, impacting corporate governance and financial oversight. The meeting includes advisory votes on executive compensation and retention agreements, giving shareholders a voice in management incentives.

Risk Assessment

Risk Level: low — SILVER BULL RESOURCES, INC. shows low risk based on this filing. The filing is a routine proxy statement (DEF 14A) for an annual shareholder meeting, with no immediate financial or operational changes indicated.

Analyst Insight

Shareholders should review the proposals regarding director elections, auditor ratification, and executive compensation before the April 18, 2024 meeting.

Key Numbers

• 4 — Directors to be elected (Proposal to elect four directors)
• 2024-04-18 — Annual Meeting Date (Date of the Annual Meeting of Shareholders)
• 10:00 a.m. — Meeting Time (Time of the Annual Meeting of Shareholders)
• 2024-10-31 — Fiscal Year End (Fiscal year end for which auditors are being ratified)

Key Players & Entities

• SILVER BULL RESOURCES, INC. (company) — Registrant name
• April 18, 2024 (date) — Date of Annual Meeting
• Smythe LLP (company) — Proposed independent auditor
• October 31, 2024 (date) — Fiscal year end for auditor appointment
• October 13, 2023 (date) — Date of key persons retention agreement
• Vancouver, British Columbia (location) — Location of company offices and meeting

FAQ

Industry Context

Silver Bull Resources, Inc. operates in the metal mining industry, requiring shareholder approval for corporate governance and financial oversight matters.

Regulatory Implications

As a Nevada corporation, Silver Bull Resources, Inc. is subject to SEC regulations governing proxy solicitations and annual shareholder meetings.

What Investors Should Do

1. Review the proxy statement for details on director nominees.
2. Evaluate the qualifications and independence of the proposed auditor, Smythe LLP.
3. Consider the advisory proposals on executive compensation and retention agreements.

Key Dates

• 2024-04-18: Annual Meeting of Shareholders — Shareholders will vote on key corporate matters including director elections and auditor ratification.

Year-Over-Year Comparison

This filing is a Definitive Proxy Statement (DEF 14A) for the upcoming annual meeting, indicating routine corporate governance procedures.

Filing Documents

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• 0001079973-24-000306.txt (&nbsp;) — 3887KB

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 6 MANAGEMENT 7 COMPENSATION DISCUSSION AND ANALYSIS 15 SUMMARY COMPENSATION TABLE 18 OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END 20 DIRECTOR COMPENSATION 25 INDEPENDENT PUBLIC ACCOUNTANTS 25 REPORT OF THE AUDIT COMMITTEE 27 REPORT OF THE COMPENSATION COMMITTEE 27 PROPOSAL 1: ELECTION OF DIRECTORS 28 PROPOSAL 2: RATIFICATION AND APPROVAL OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 29 PROPOSAL 3: APPROVAL OF THE KEY PERSONS RETENTION AGREEMENT 30 PROPOSAL 4: APPROVAL, ON AN ADVISORY BASIS, OF THE COMPENSATION OF THE NAMED EXECUTIVE OFFICERS 36 PROPOSAL 5: APPROVAL, ON AN ADVISORY BASIS, OF the FREQUENCY OF FUTURE ADVISORY VOTES ON EXECUTIVE COMPENSATION 37 ANNUAL REPORT TO SHAREHOLDERS 38 OTHER MATTERS 38 SHAREHOLDER PROPOSALS 38 ANNEX A: EVANS & EVANS, INC. REASONABLENESS LETTER i Silver Bull Resources, Inc. 777 Dunsmuir Street, Suite 1605 Vancouver, British Columbia V7Y 1K4 PROXY STATEMENT ANNUAL MEETING OF SHAREHOLDERS THURSDAY, APRIL 18, 2024 ABOUT THE ANNUAL MEETING This proxy statement (the &ldquo; Proxy Statement &rdquo;) is furnished to shareholders (&ldquo; Shareholders &rdquo;) of Silver Bull Resources, Inc. (&ldquo; Silver Bull ,&rdquo; the &ldquo; Company ,&rdquo; &ldquo; us ,&rdquo; or &ldquo; we &rdquo;) in connection with the solicitation of proxies by the Board of Directors of Silver Bull (the &ldquo; Board &rdquo;), on behalf of the Company, to be voted at the Annual Meeting of Shareholders (the &ldquo; Meeting &rdquo;). The Meeting will be held at the Company&rsquo;s offices at 777 Dunsmuir Street, Suite 1605, Vancouver, British Columbia V7Y 1K4, on Thursday, April 18, 2024 at 10:00 a.m. local time, or at any adjournment or postponement thereof. The Meeting is being held for the purposes set forth in the accompanying Notice of Annual Meeting of Shareholders. We have elected to provide access to our prox

Security Ownership of Management and Certain

Security Ownership of Management and Certain Beneficial Owners The number of shares of Silver Bull common stock outstanding as of the Record Date was 47,365,652. The following table sets forth the number of shares of Silver Bull common stock beneficially owned by (i) each person who owned of record, or was known to own beneficially, more than 5% of any class of the Company&rsquo;s voting securities, (ii) each of the Company&rsquo;s directors, nominees and named executive officers, and (iii) all of the directors, nominees, and named executive officers as a group: Name and Address of Beneficial Owner (1) Position Amount and Nature of Beneficial Ownership (2) Percent of Common Stock Timothy T. Barry President and Chief Executive Officer 3,145,298 (3) 6.45 % Brian D. Edgar Chairman and Director 2,726,204 (4) 5.63 % Christopher Richards Chief Financial Officer 1,006,172 (5) 2.09 % David T. Underwood Director 221,500 (6) * % William F. Matlack Director 1,350,005 (7) 2.82 % All directors, nominees, and executive officers as a group (5 persons) 8,449,179 16.47 % _________________________ * The percentage of Silver Bull common stock beneficially owned is less than one percent (1%). (1) The address of these persons is c/o Silver Bull Resources, Inc., 777 Dunsmuir Street, Suite 1605, Vancouver, British Columbia V7Y 1K4. (2) Unless otherwise indicated, each person listed has the sole power to vote and dispose of the shares listed. Pursuant to Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the &ldquo; Exchange Act &rdquo;), beneficial ownership includes shares as to which the individual or entity has or shares voting power or investment power, and any shares that the individual or entity has the right to acquire within 60 days of the Record Date, including through the exercise of any option, warrant, or right. For each individual or entity that holds options, warrants or rights to acquire shares, the shares of Silver

View Full Filing

View this DEF 14A filing on SEC EDGAR