UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

SILVER BULL RESOURCES, INC.

(Exact name of registrant as specified in its charter)

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

Item 5.07

Submission of Matters to a Vote of Security Holders.

Silver Bull Resources, Inc. (the "Company") held its annual general meeting of shareholders (the "Meeting") on April 19, 2017.  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 24, 2017. As of the record date, February 22, 2017, a total of 177,894,967 shares of Silver Bull common stock were outstanding and entitled to vote.  In total, 99,341,550 shares of Silver Bull common stock were present in person or represented by proxy at the Meeting, which represented approximately 55.84% of the shares outstanding and entitled to vote as of the record date.

At the Meeting, shareholders approved three of the four proposals that were submitted, electing the slate of four persons to the Company's Board of Directors, ratifying and approving Smythe LLP 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. For the fourth proposal submitted, shareholders approved, by non-binding advisory vote, an annual vote on executive compensation, rather than a triennial vote. In connection with the election of directors and with the non-binding advisory vote on executive compensation, there were a total of 53,885,592 broker non-votes. The votes on the proposals were cast as set forth below:

In response to the voting results and other factors, the Company's Board of Directors determined on April 19, 2017, that the Company will hold an advisory vote on named executive officer compensation every year until the Company's Board of Directors decides to hold the next shareholder advisory vote on the frequency of advisory votes, which shall be no later than the Company's annual general meeting of shareholders in 2023.

 

 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.