Shareholders approve amendment to increase authorized preferred shares to 10M; 2023 guidance 150-170K GEOs

McEwen Inc.

Shareholders approved amendment increasing authorized preferred shares from 2 to 10M; filed with Colorado SOS effective June 30, 2023.
Directors elected: McEwen, Ambrose, Ball, Brissenden, Dunbar, Sanchez, Shaver; all with >15M votes for.
Ratified Ernst & Young LLP as auditor for FY2023 (24.6M for, 126K against).
2023 production guidance: 150,000–170,000 GEOs (gold equivalent ounces at 85:1 Ag:Au ratio).
Financings disclosed: US $82M equity at $10/shr (Aug 2022) and ARS $30B + US $30M at ~$19/shr (Feb-Mar 2023).

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

McEwen Inc.: Increased authorized preferred shares from 2 to 10,000,000 and total authorized shares accordingly (effective 2023-06-30).

Change: charter amendment
Effective: 2023-06-30

Exact text from the filing

the Company filed with the Secretary of State of the State of Colorado Articles of Amendment to the Second Amended and Restated Articles of Incorporation that served to effect the Increase in Authorized Preferred Capital Amendment

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Shareholder Votes SEC 8-K Item 5.07 confidence 1.0

McEwen Inc. shareholders approved Increase in Authorized Preferred Capital Amendment at the 2023-06-29 meeting.

Outcome: passed
Meeting: 2023-06-29

Exact text from the filing

Proposal 2 Election results for the proposal for the Increase in Authorized Preferred Capital Amendment are as follows: For Against Abstain Broker Non-Votes 10,473,353 6,043,434 106,666 8,289,902

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Shareholder Votes SEC 8-K Item 5.07 confidence 1.0

McEwen Inc. shareholders approved Ratification of the appointment of Ernst & Young LLP as independent registered public accounting firm at the 2023-06-29 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2023-06-29

Exact text from the filing

Proposal 3 Election results for the ratification of the appointment of EY as the independent registered public accounting firm for the year ending December 31, 2023, are as follows: For Against Abstain Broker Non-Votes 24,633,031 125,598 154,726 0

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Shareholder Votes SEC 8-K Item 5.07 confidence 1.0

McEwen Inc. shareholders approved Election of directors at the 2023-06-29 meeting.

Proposal: director election
Outcome: passed
Meeting: 2023-06-29

Exact text from the filing

Proposal 1 Election results for the directors nominated at the meeting are as follows: Shares Voted Name of Nominee For Withheld Broker Non- Votes Robert R. McEwen 16,350,537 272,916 8,289,902 Allen V. Ambrose 15,829,053 794,400 8,289,902 Ian Ball 16,252,313 371,140 8,289,902 Richard W. Brissenden 16,271,277 352,176 8,289,902 Robin E. Dunbar 16,130,643 492,810 8,289,902 Merri Sanchez 16,090,302 533,151 8,289,902 William M. Shaver 16,228,570 394,883 8,289,902

View on SEC.gov

256 governance changes filed in the last 30 days. Browse all governance changes →

McEwen Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-077580

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