Texas Mineral Resources Corp. Announces 2024 Annual Meeting of Stockholders

TL;DR

Texas Mineral Resources Corp. will hold its 2024 Annual Meeting of Stockholders on March 12, 2024, to elect directors and vote on executive compensation.

AI Summary

Texas Mineral Resources Corp. (TMRC) filed a Proxy Statement (DEF 14A) with the SEC on January 25, 2024. The 2024 Annual Meeting of Stockholders for Texas Mineral Resources Corp. will be held via live webcast on March 12, 2024, at 10:00 a.m. Eastern Time. Stockholders must register by March 11, 2024, at 5:00 p.m. Eastern Time to participate in the virtual meeting. The meeting agenda includes the election of eight director nominees: Anthony Marchese, Dan Gorski, Peter Denetclaw Jr., LaVern Lund, Kevin Francis, Cecil Wall, Donald Hulse, and Deepak Malhotra. Shareholders will vote on an advisory basis for the compensation of named executive officers ('say-on-pay'). The meeting will also include an advisory vote on the frequency of future 'say-on-pay' votes.

Why It Matters

For investors and stakeholders tracking Texas Mineral Resources Corp., this filing contains several important signals. This filing is a definitive proxy statement, indicating the company is proceeding with its annual shareholder meeting and seeking votes on key corporate governance matters. The election of directors and advisory votes on executive compensation are critical for shareholder oversight and influence over the company's leadership and financial practices.

Risk Assessment

Risk Level: low — Texas Mineral Resources Corp. shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational disclosures that would suggest high risk.

Analyst Insight

Stockholders should review the director nominees and executive compensation proposals before the March 12, 2024 meeting to exercise their voting rights.

Key Numbers

• March 12, 2024 — Annual Meeting Date (2024 Annual Meeting of Stockholders date)
• 10:00 a.m. Eastern Time — Annual Meeting Time (2024 Annual Meeting of Stockholders time)
• March 11, 2024 — Registration Deadline (Deadline to register for the Annual Meeting)
• 8 — Director Nominees (Number of director nominees to be elected)

Key Players & Entities

• Texas Mineral Resources Corp. (company) — Registrant and company name
• March 12, 2024 (date) — Date of the Annual Meeting
• March 11, 2024 (date) — Registration deadline for the Annual Meeting
• Anthony Marchese (person) — Director nominee
• Dan Gorski (person) — Director nominee
• Peter Denetclaw Jr. (person) — Director nominee
• LaVern Lund (person) — Director nominee
• Kevin Francis (person) — Director nominee

FAQ

Risk Factors

• Filing Fee [low — regulatory]: No fee was required for this filing, as indicated by the 'No fee required' checkbox.

Key Dates

• 2024-03-12: 2024 Annual Meeting of Stockholders — Election of directors and advisory votes on executive compensation.
• 2024-03-11: Registration Deadline for Annual Meeting — Last day for stockholders to register to participate in the virtual meeting.

Glossary

DEF 14A

Definitive Proxy Statement filed with the SEC. (This filing type indicates the company is formally providing proxy materials for a shareholder meeting.)

Say-on-pay

An advisory shareholder vote on executive compensation. (Allows shareholders to express their opinion on the company's compensation practices for its top executives.)

Say-on-frequency

An advisory shareholder vote on how often 'say-on-pay' votes should occur. (Determines the preferred interval for shareholders to vote on executive compensation.)

Filing Documents

• tmrc-def14a_031124.htm (DEF 14A) — 452KB
• tmrc-def14a_img01.jpg (GRAPHIC) — 1KB
• tmrc-def14a_img03.jpg (GRAPHIC) — 1KB
• tmrc-def14a_img02.jpg (GRAPHIC) — 1KB
• tmrc-def14a_img04.jpg (GRAPHIC) — 5KB
• tmrc-def14a_img05.jpg (GRAPHIC) — 2KB
• tmrc-def14a_img07.jpg (GRAPHIC) — 2KB
• tmrc-def14a_img06.jpg (GRAPHIC) — 2KB
• tmrc-def14a_img08.jpg (GRAPHIC) — 2KB
• tmrc-def14a_img09.jpg (GRAPHIC) — 2KB
• tmrc-def14a_img10.jpg (GRAPHIC) — 2KB
• 0001999371-24-000841.txt ( ) — 479KB

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 18 Compensation Discussion and Analysis 18 Summary Compensation Table 19 Pay Versus Performance Table 19

Executive Compensation Agreements

Executive Compensation Agreements 20 Outstanding Equity Awards at Fiscal Year End 20 Nonqualified Deferred Compensation 20 Change of Control Payments 20 CEO Pay Ratio 21 CERTAIN RELATIONSHIPS AND RELATED PERSON TRANSACTIONS 21 Indemnification of Officers and Directors 21 Policies and Procedures for Related Party Transactions 21

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS, DIRECTORS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS, DIRECTORS AND MANAGEMENT 22 Change in Control 23 Section 16(a) Beneficial Ownership Reporting Compliance; Delinquent Section 16(a) Reports 23 ADDITIONAL INFORMATION 23 Stockholder Proposals 23 Householding of Proxy Materials 23 Communications with the Board of Directors 23 Other Business 24 Annual Report on Form 10-K 24 -i- TEXAS MINERAL RESOURCES CORP. 539 El Paso Street Sierra Blanca, TX 79851 PROXY FOR THE 2024 ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON MARCH 12, 2024 QUESTIONS AND ANSWERS ABOUT THE 2024 ANNUAL MEETING OF STOCKHOLDERS Why am I receiving these materials? These proxy materials are being furnished to you in connection with the solicitation by the Board of Directors (the “ Board ”) of Texas Mineral Resources Corp. (the “ Company ,” “ TMRC ,” “ we ,” “ us ” or “ our ”) of proxies to be voted at our 2024 Annual Meeting of Stockholders (the “ Annual Meeting ”) or at any adjournment or postponement thereof. The Annual Meeting will be held via live webcast on Tuesday, March 12, 2024 at 10:00 a.m. Eastern Time. In accordance with the rules of the U.S. Securities and Exchange Commission (the “ SEC ”), we sent out a Notice of Internet Availability of Proxy Materials on or before January 25, 2024 and provided access to the proxy materials over the Internet on or before that date, to the holders of record and beneficial Why did I receive a one-page notice in the mail regarding the Internet availability of proxy materials instead of a full set of proxy materials? Pursuant to rules adopted by the SEC, we have elected to provide access to our proxy materials over the Internet. Accordingly, we mailed a Notice of Internet Availability of Proxy Materials to our st

View Full Filing

View this DEF 14A filing on SEC EDGAR