International Tower Hill Mines Announces Results from 2024 Annual General and Special Meeting of Shareholders
International Tower Hill Mines (TSX: ITH, NYSE American: THM) announced the results of its 2024 Annual General and Special Meeting of shareholders held on May 29, 2024, in Vancouver, B.C. Six directors were elected with significant majorities: Anton Drescher (89.24%), Karl Hanneman (99.55%), Stuart Harshaw (80.97%), Marcelo Kim (99.49%), Edel Tully (99.16%), and Thomas Weng (99.24%).
The current auditors, Davidson & Company, were re-appointed for the fiscal year ending December 31, 2024. Shareholders also approved executive compensation (98.90%) and re-approved both the 2017 Deferred Share Unit Incentive Plan (99.08%) and the 2006 Incentive Stock Options Plan (89.40%). Detailed proxy voting results will be available on SEDAR+ and the company’s website.
- Six directors elected with strong majorities, indicating shareholder confidence.
- Karl Hanneman received the highest approval with 99.55% votes.
- Marcelo Kim and Edel Tully both received over 99% approval.
- The re-appointment of auditors Davidson & Company for another fiscal year ensures continuity.
- Executive compensation approved by 98.90% of shareholders.
- Re-approval of the 2017 Deferred Share Unit Incentive Plan and the 2006 Incentive Stock Options Plan suggests ongoing support for executive incentive programs.
- Stuart Harshaw received the lowest approval among directors with 80.97%, indicating some shareholder dissent.
- Despite strong approval, a notable percentage (10.76%) of shareholders withheld votes for Anton Drescher.
At the Meeting, the Company's shareholders elected the following individuals as directors of the Company, with all receiving a majority of the votes cast, as follows:
Director | Votes For | Votes Withheld | |
Anton Drescher | 125,608,817 (89.24 %) | 15,141,363 (10.76 %) | |
Karl Hanneman | 140,120,328 (99.55 %) | 629,852 (0.45 %) | |
Stuart Harshaw | 113,971,984 (80.97 %) | 26,778,196 (19.03 %) | |
Marcelo Kim | 140,026,490 (99.49 %) | 723,690 (0.51 %) | |
Edel Tully | 139,570,076 (99.16 %) | 1,180,104 (0.84 %) | |
Thomas Weng | 139,683,697 (99.24 %) | 1,066,483 (0.76 %) | |
The shareholders re-appointed the current auditors, Davidson & Company LLP, Chartered Accountants, as auditors of the Company for the fiscal year ending December 31, 2024 and authorized the directors to fix their remuneration.
The shareholders approved, on an advisory non-binding basis, the compensation paid to the Company's executive officers (
The detailed proxy voting on all resolutions submitted to the shareholders at the Meeting is contained in the "Report of Voting Results" for the Meeting which will be available under the Company's profile on SEDAR+ and on the Company's website or upon request by contacting the Company at (855) 428-2825.
International Tower Hill Mines Ltd. controls
On behalf of
International Tower Hill Mines Ltd.
(signed) Karl L. Hanneman
Chief Executive Officer
This news release is not and is not to be construed in any way as, an offer to buy or sell securities in
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SOURCE International Tower Hill Mines Ltd.
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