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

Date of Report (Date of earliest event reported):
 April 20, 2017 (April 19, 2017)

SILVER BULL RESOURCES, INC.
(Exact name of registrant as specified in its charter)

Nevada
 
001-33125
 
91-1766677
(State or other jurisdiction of incorporation)
 
(Commission
File Number)
 
(I.R.S. Employer
Identification Number)
 
 
 
 
 
777 Dunsmuir Street, Suite 1610
Vancouver, B.C.
 
V7Y 1K4
(Address of principal executive offices)
 
(Zip Code)

Registrant's telephone number, including area code:
604-687-5800


(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:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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:
1. Proposal No. 1 – Election of Directors.  The shareholders elected the entire slate of directors presented to the shareholders.  As a result, the Company's Board of Directors consists of the four persons elected at the Meeting.
Name
 
For
 
Withheld
Timothy Barry
 
43,500,587
 
1,955,371
Brian Edgar
 
43,955,894
 
1,500,064
Daniel Kunz
 
43,933,587
 
1,522,371
John McClintock
 
43,940,224
 
1,515,734

2. Proposal No. 2 – Ratification and approval of the appointment of Smythe LLP as the Company's independent registered public accounting firm for the fiscal year ending October 31, 2017.
For
 
Against
 
Abstain
94,311,610
 
4,047,254
 
982,686


3. Proposal No. 3 – Approval, on a non-binding advisory basis, of the compensation of the Company's named executive officers.
For
 
Against
 
Abstain
41,776,173
 
3,312,143
 
367,642
         
4. Proposal No. 4 – Approval, on a non-binding advisory basis, of the frequency of future advisory votes on executive compensation.
Three (3) Years
Two (2) Years
One (1) Year
Abstain
21,198,658
390,758
22,889,561
976,981

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.
Date: April 20, 2017
 
 
 
 
 
 
SILVER BULL RESOURCES, INC.
 
 
 
 
 
 
 
By:
/s/ Sean Fallis
 
Name:
Sean Fallis
 
Title:
Chief Financial Officer