FR Frankfurt – FMV First Majestic Announces Voting Results from Annual General Meeting
NEWS RELEASE
New York – AG May 26, 2023
Toronto – FR
Frankfurt – FMV
First Majestic Announces Voting Results from Annual General Meeting
VANCOUVER, British Columbia – First Majestic Silver Corp. (“First Majestic” or the “Company”) is pleased to
announce the voting results for its annual general meeting held on May 25, 2023.
A total of 121,898,845 shares were represented at the meeting, being 4 4.41% of the Company’s is sued and
outstanding common shares. The voting results submitted by proxy are as follows:
ELECTION OF DIRECTORS
Director Nominee Votes For % For
Votes Withheld % Withheld
Keith Neumeyer 79,133,059 97.19% 2,288,441 2.81%
Marjorie Co 76,604,882 94.08% 4,816,617 5.92%
Thomas Fudge, Jr. 75,328,385 92.52% 6,093,115 7.48%
Ana Lopez 43,257,068 53.13% 38,164,432 46.87%
Raymond Polman 76,395,313 93.83% 5,026,187 6.17%
Jean Des Rivières 76,379,816 93.81% 5,041,685 6.19%
Colette Rustad 80,156,948 98.45% 1,264,551 1.55%
Shareholders approved setting the total number of directors to seven, re-elected the seven incumbent directors
to the Board of Directors, and re-appointment of Deloitte LLP as auditors for the Company.
The non-binding advisory resolution with respect to the Company’s approach to executive compensation as
outlined in the Circular was not approved by shareholders.
Thomas Fudge, Chairman of the Board, stated, “ We acknowledge the low S ay on Pay Advisory Vote and
shareholder concerns regarding our disclosure of compensation practices and incentive policies for executives
and officers. In 2023, we are committed to engaging with our shareholders to better understand and address
their concerns. First Majestic will focus on enhancing our disclosure of the metrics used in determining total
compensation, including short-and long term incentives.”
SAY ON PAY ADVISORY VOTE
Votes For % For Votes Against % Against
21,309,139 26.17% 60,112,358 73.83%
ABOUT THE COMPANY
First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United
States. The Company presently owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold
Mine and the La Encantada Silver Mine.
First Majestic is proud to offer a portion of its silver production for sale to the public. Bars, ingots, coins and
medallions are available for purchase online at its Bullion Store at some of the lowest premiums available.
FOR FURTHER INFORMATION contact [email protected], visit our website at www.firstmajestic.com or call
our toll-free number 1.866.529.2807.
FIRST MAJESTIC SILVER CORP.
"signed"
Keith Neumeyer, President & CEO
Cautionary note regarding forward-looking statements
Certain statements made and information contained herein may constitute “forward looking information” and “forward looking st atements” within the
meaning of applicable Canadian and United States securities legislation, including, among other things, information with respect to this presentation. These
statements and information are based on facts currently available to the Company and there is no assurance that actual result s will meet management’s
expectations. Forward-looking statements and information may be identified by such terms as “anticipates”, “believes”, “targets”, “estimates”, “pla ns”,
“expects”, “may”, “will”, “could” or “would”. Forward-looking statements and information contained herein are based on certain factors and assumptions
regarding, among other things, the Company’s plan to focus on enhancing its disclosure metrics used in determining total compensation, including short -
and long term incentives . While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information
are not guarantees of future performance and readers should not place undue importance on such statements as actual events an d results may differ
materially from those described herein. The Company does not undertake to update any forward -looking statements or information except as may be
required by applicable securities laws.