Business
First Majestic Silver Announces Voting Results from Annual General Meeting and Management Changes
VANCOUVER, British Columbia, May 24, 2019 (GLOBE NEWSWIRE) -- First Majestic Silver Corp. (“First Majestic” or the “Company”) (New York – AG) (Toronto – FR) (Fr
About this update from First Majestic Silver Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, May 24, 2019 (GLOBE NEWSWIRE) -- First Majestic Silver Corp. (“First Majestic” or the “Company”) (New York – AG) (Toronto – FR) (Frankfurt – FMV) is pleased to announce the voting results for its annual general meeting held on May 23, 2019. A total of 117,558,077 shares were represented at the meeting, being 58.95% of the Company’s issued and outstanding common shares. Shareholders approved all matters brought before the meeting as follows: ELECTION OF DIRECTORS Director Nominee Votes For % For Votes Withheld % Withheld Keith Neumeyer 61,716,991 99.14 538,491 0.86 Douglas Penrose 61,502,080 98.79 753,402 1.21 Robert McCallum 60,240,429 96.76 2,015,053 3.24 Marjorie Co 61,608,896 98.96 646,586 1.04 David Shaw 59,687,436 95.87 2,568,046 4.13 APPROVAL OF LONG TERM INCENTIVE PLAN Votes For % For Votes Against % Against 56,677,798 91.04 5,577,683 8.96 SAY ON PAY ADVISORY VOTE Votes For % For Votes Against % Against 57,260,786 91.98 4,994,695 8.02 The re-appointment of Deloitte LLP as auditors for the Company, the amendment to the Articles of the Company to increase the quorum requirements and the ratification of the amendments to the advance notice policy, as outlined in the Circular were all approved by a majority vote of shareholders present in person or represented by proxy. MANAGEMENT CHANGES In the ongoing effort to continually improve operations and optimize plant processes to support the Company’s primary focuses, which are; automation, information technology and metallurgy, the Company has appointed Ramon Mendoza to the role of interim Vice President of Operations, in addition to his obligations as Vice President of Technical Services, following the departure of Dustin VanDoorselaere who has held the position of Chief Operating Officer since February 2017. Mr. Mendoza is a senior mining professional with 29 years of experience with a robust background in the technical aspects of mining and a successful track record in managing underground and open-pit operations. Since joining First Majestic in 2014, Mr. Mendoza has been the primary Qualified Person for the Company and has been overseeing all special project...