---
schema_version: "secwatch.filing_event.v1"
accession: "0001079973-23-001459"
form_type: "8-K"
ticker: "SVBL"
cik: "0001031093"
company_name: "SILVER BULL RESOURCES, INC."
filed_at: "2023-10-18T23:59:59+00:00"
generated_at: "2026-06-09T21:35:48.322183+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Silver Bull enters retention agreement awarding key persons up to 12% of net arbitration proceeds

## Summary
- CEO Timothy Barry gets 4.0% of net arbitration proceeds; CFO Christopher Richards gets 2.0%.
- Total retention award capped at 12% of net proceeds after direct expenses (legal, tribunal, etc.).
- Agreement requires TSX and disinterested shareholder approval; company to use best efforts by Dec 31, 2024.
- Key persons accept below-market salaries with deferrals contingent on successful ICSID award against Mexico.
- Award vests over 12 months; leaves reduce entitlement; board can reduce for insufficient support.

## SEC filing metadata
- accession: 0001079973-23-001459
- form_type: 8-K
- ticker: SVBL
- cik: 0001031093
- company_name: SILVER BULL RESOURCES, INC.
- filed_at: 2023-10-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1031093/000107997323001459/0001079973-23-001459-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031093/000107997323001459/svbl_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001079973-23-001459
- JSON: https://secwatch.observer/filing/0001079973-23-001459.json
- Plain text: https://secwatch.observer/filing/0001079973-23-001459.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.